Continuing Negotiations No. 1: Greece And Its Finances

Greek Prime Minister Tsipras and skeptical European leaders are negotiating past a self-imposed deadline, with talks stuck on how Greece would guarantee austerity measures in exchange for a rescue package to prevent its banks from collapsing.

If the talks don’t succeed, some of Greece’s eurozone partners warned, the country could be temporarily forced out of the euro currency. Of course, you can’t just change currency with the snap of a finger. It needs to be printed, people have to believe it has value, and the very fiscal discipline that gives a country’s currency value, well, that’s the same kind of thing Greece is refusing to do that might get them kicked off the euro.

In any case, how things end up is anybody’s guess.

ABC’s Tom Rivers joined us from London to discuss.

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Blake produces various radio shows at AM 820 News as well as USF Athletics.