Topics

European Debt Crisis
Part of Greece's ruling Syriza party is ready to abandon the euro
Part of Greece's ruling Syriza party is ready to abandon the euro

The debate over whether Greece should exit from the euro, the common European currency, appears to be coming to a head. Next week, the country faces a deadline to repay the International Monetary Fund. If Greece can't reach a deal with European institutions to restructure or extend a portion of its massive debt, the country could be forced to default, which in turn could prompt Greeks to abandon the euro. Greece's radical-left Syriza government says it wants to stick with the currency. But an element within the party is open to, and in some cases even pressing for, a departure. That wing's leader is Costas Lapavitsas, a longtime academic who argues that the euro has had a...

Loading