Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a cause of events, a senior member of the Bavarian sister party of Chancellor Angela Merkel’s conservatives said. Greece has lost a quarter of its national output since it first…
Tag: eurozone
Greek debt dilemma
In Germany a half of citizens are against offering debt relief to Greece and around three in 10 prefer Greeks to leave the euro zone, a survey showed on Friday. The INSA poll for the newspaper Bild showed 46.4 percent of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair for…
Greece aid still on the way
The next piece of financial aid to Greece from its euro zone lenders may not be imminent as talks are still complicated, the head of euro zone finance ministers Jeroen Dijsselbloem said on Monday, adding that the target was to secure a deal as soon as possible. “There is still a lot of work to…
Greece in lethargy of recession
Greece and its international lenders made clear progress towards bridging differences over its fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default. “We made substantial progress today and are close to common ground for the (lenders’) mission to return to Athens the…
Grexit: debt relief conditionality
Greece should leave the euro zone and then it can be given debt relief said Chrisitan Linder the head of Germany’s Free Democrats (FDP), a ‘classic’ liberal party, in a programme of a German radio station on Thursday, 9.02.2017. However, Linder suggested Greece should remain in the European Union so it can get subsidies…
Italy – eurozone's victim?
Italy’s Gross Domestic Product has dropped by 0.4 percent since the country joined the euro zone. Even though Rome’s GDP expanded 6.2 percent since 98, its population has decreased by 6.6 percent, according Eurostat data. Would exiting the #eurozone improve #Italy's economic prospects? https://t.co/usFWnLMVQY @mariademertzis pic.twitter.com/autkQpHXFr — Bruegel (@Bruegel_org) January 27, 2017 “The comparison with…
Juncker attends talks on Cyprus
Today Jean-Claude Juncker the European Commission president attends Cyprus peace talks in Geneva considering it as a ‘very last chance’ between divided island to united, however he expected it to be a success. His participation is framed in an observer status. The Greek and Turkish Cypriot leaders come together to reunification talks in Geneva this…
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