Greece is approaching the edge of the cliff again.
Investors and economists are speculating on the prospects the nation will remain in the 19-nation euro area or be forced out by political and financial miscalculations—a rerun of the crisis that peaked almost three years ago. A review of Bloomberg News stories shows that use of the word “Grexit” is higher than at any time since those dark days of 2012.
The tumult follows this week's election of Alexis Tsipras as prime minister. He won on a platform incompatible with the terms of the bailout loans Greece has relied upon since 2010. He promised a debt writedown, higher pay, and an end to austerity.
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