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Case: Greek Crisis: tragedy or opportunity Banks lend heavily to governments: What factors have brought Greece to the verge of a default? Has the entry

Case: Greek Crisis: tragedy or opportunity

Banks lend heavily to governments: What factors have brought Greece to the verge of a default? Has the entry of Greece in Eurozone contributed to the crisis or is it helping find a solution? What happens when a government is unable to repay the loans? How can potential defaults be managed? Is euro likely to survive, with or without Greece? Should banks have lent to Greece?

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