Matt’s links: Grexit or debt writeoff, and the sixth mass extinction
Greece: A ponzi scheme with no end in sight (Eric Reguly, The Globe and Mail). Reguly provides a succinct summary of Greece’s economic death spiral: They are drifting from bailout loan to bailout loan from the IMF, the European Union (EU) and the European Central Bank (ECB). Each loan comes with conditions requiring Greece to put in place further…