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This Is How Quickly Greece's Future Is Deteriorating
Its debt levels are catching up with Japan
Why Is the Greek Bailout Deal Bound to Fail?
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Some time ago University of Chicago economist Luigi Zingales wrote about a "horrifying joke" he heard from his colleagues that asked, "What's the difference between Japan and Greece?" The punchline was "three years." Now, even that seems too long.
The International Monetary Fund's July 14 forecast for Greece's debt as a share of gross domestic product in 2017 was almost 200 percent, up substantially from its April estimate of 151.8 percent.