The first hiccups in trade with Greece following that country’s rejection of creditors’ demands for more austerity are being felt. The Wall Street Journal reports that Greece’s capital controls on the outward flow of euros are choking commerce as exporters to Greece...
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Trade Data on Greece Shows Fate Lies with Top Trade Partner
The Greek people have voted and now, with Sunday’s referendum resulting in a “No” on bailout terms offered by their country’s creditors, what happens next is in the hands of Greece’s top trading partner. Germany is reportedly staying tough on debt relief (as reported...