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Mark Gilbert

Greece's Euro Exit Seems Inevitable

Every day of delay in cutting a deal pushes Greece a little closer to leaving the common currency.
Drachma trumps euro?

Drachma trumps euro?

Photographer: Milos Bicanski/Getty Images

Greece's money troubles resemble a game of pass the parcel, where each successive participant rips another sheet of wrapping paper off the box -- which turns out to be empty when the final recipient reaches the core. With time and money running out, a successful endgame seems even less likely than it did a week or a month ago. It's increasingly obvious that the government's election promises are incompatible with the economic demands of its euro partners. Something's got to give.

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