Greek election result spares leaders real-time fiscal firefighting

The Globe and Mail

Bill Curry Sean Silcoff
June 17, 2012

The following is an excerpt. To view the full article please visit the link below

Leaders of G20 nations gathering Monday in Los Cabos, Mexico, get to go with Plan A after all.

Plan B, facing a Greek election result with anti-bailout parties poised to lead the country, could have left them dealing with an epic financial crisis and turned the summit into an exercise in real-time fiscal firefighting.

The results wouldn’t have been pretty, said James Haley, director of the global economy program with the Centre for International Governance Innovation, an independent think tank based in Waterloo, Ont.

“There was a not insignificant risk the whole summit would have been hijacked by a …

* * *

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.