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  • Greece’s financial woes not apt to hurt Mass. much

    The Boston Globe - 06/30/2015

    Today, most of the debt is held by government agencies and international institutions, such as the International Monetary Fund, that should be able to weather a Greek default, said Alan Clayton-Matthews, an economist at Northeastern University.

    “This is a huge problem if you’re Greek,” he said. “Financial markets have taken precautions already to insulate themselves.”

    Still, economists note, the European monetary union has never experienced a default by a member country.

     

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