For years, many analysts have pointed to the fact that Greece, along with several other Euro Zone countries, was living far beyond its means in terms of the debt load that it was generating. With standard interest payments, Greece is already far beyond the point of being able to repay its debts through its own [...]

An analyst for UBS succinctly described the Euro Zone as the Hotel California, a song by The Eagles in the 1970s. The song lyrics describe the hotel as a place where “you can check out anytime you like, but you can never leave.” That description seems to be appropriate for the nations like Greece, Italy, [...]