{"id":5428,"date":"2010-05-05T15:20:33","date_gmt":"2010-05-05T20:20:33","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5428"},"modified":"2011-01-20T14:31:02","modified_gmt":"2011-01-20T19:31:02","slug":"greeces-debt-crisis-grows","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/05\/05\/greeces-debt-crisis-grows\/","title":{"rendered":"Greece&#8217;s debt crisis grows"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-5429\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/05\/Greek-debt-crisis-150x150.jpg\" alt=\"Greek debt crisis\" width=\"72\" height=\"72\" \/>As nationwide\u00a0workers&#8217; strikes continued and deadly riots <a title=\"erupted\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/05\/05\/AR2010050500766.html?hpid%3Dartslot&amp;sub=AR\" target=\"_self\">erupted<\/a> in Athens over austerity measures invoked to deal with Greece&#8217;s ongoing debt crisis, fears grew that the situation may adversely <a title=\"impact\" href=\"http:\/\/www.reuters.com\/article\/bondsNews\/idUSN0520259520100505\" target=\"_blank\">impact<\/a> the global banking system.\u00a0 <a title=\"Mark Williams\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/WilliamsMark.html\" target=\"_blank\">Mark Williams<\/a>, author of &#8220;<a title=\"Uncontrolled Risk\" href=\"http:\/\/www.uncontrolledrisk.com\/\" target=\"_blank\">Uncontrolled Risk<\/a>&#8221; about the fall of <a href=\"http:\/\/www.lehman.com\/\">Lehman Brothers <\/a>who teaches finance in the <a href=\"http:\/\/management.bu.edu\/index.shtml\">School of Management<\/a>, says the risk will remain high until meaningful financial reform is enacted globally.<\/p>\n<p><em>\u201cIf the stunning collapse of world markets after the Lehman Brothers bankruptcy in September 2008 was the wakeup call [<\/em>about uncontrolled risk in the banking system<em>], the unraveling of Greece and potentially other sovereigns (Spain, Portugal, Italy) is the latest alarm bell.&#8221;<\/em><\/p>\n<p>Contact Mark Williams, 617-358-2789, <a href=\"mailto:williams@bu.edu\">williams@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As nationwide\u00a0workers&#8217; strikes continued and deadly riots erupted in Athens over austerity measures invoked to deal with Greece&#8217;s ongoing debt crisis, fears grew that the situation may adversely impact the global banking system.\u00a0 Mark Williams, author of &#8220;Uncontrolled Risk&#8221; about the fall of Lehman Brothers who teaches finance in the School of Management, says the [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[2866,1453,2770,2470,2318,847,91,2835,2867,1530,840],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5428"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=5428"}],"version-history":[{"count":13,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5428\/revisions"}],"predecessor-version":[{"id":5634,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5428\/revisions\/5634"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}