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In this episode of the Budget & Tax News podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with James Roberts. Roberts is an economic research fellow at the Heritage Foundation. Roberts joins Hathaway to talk about Greece’s economic collapse, the “Grexit,” and how problems in the European Union may effect Americans.
Roberts explains how years of mismanagement and over-promising from Greek politicians has led to the nation’s default on International Monetary Fund loans, and the near-collapse of the Greek economy. According to Roberts, Americans can learn from the mistakes made by Greece, hopefully avoiding a similar economic collapse here at home.