Greece and its "troika" of creditors - the European Central Bank (ECB), the European Commission, and the International Monetary Fund (IMF) - have finally agreed on terms for its latest bailout, worth about €86 billion ($95 billion).
Athens will pay a heavy price in sovereignty, becoming a "debt colony" of sorts. The terms require Greece to surrender policymaking power over huge swathes of its economy and, indeed, its entire society, to the troika.
So, more than ever, I'm convinced that we need to prepare a "financial survival kit" as global debt hits record levels.
I'm going to show you how to do that today...
Tags: financial survival kit, Greece, Greece bailout, Greek bailout, greek markets
To get full access to all Money Morning content, click here
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Greece's Drastic "Plan B" Tells Us to Prepare a Financial Survival Kit appeared first on Money Morning - We Make Investing Profitable.
