The last thing Europe needs: another Greek debt crisis
How's this for déjà vu? Another debt crisis is brewing in Europe. Greece needs European creditors to release cash from a bailout agreed in 2015 so it can make debt repayments, but officials are at loggerheads. Investors are starting to worry, demanding higher returns on Greek debt. Adding to the confusion is a warning from the International Monetary Fund that Greece's debt is unsustainable and on an "explosive" path, an assessment that prevents the fund from participating in a rescue. The timing could hardly be worse. European leaders have a lot on their plate. Elections are looming in the Netherlands, France and Germany. Brexit negotiations will begin within weeks. Yet the threat of Greece tumbling out of the euro demands attention. Here's why the next few weeks will...