Tuesday, September 4th 2012 - 00:31 UTC

Poll shows Germans want Greece out of the Euro; doubts about reforms’ implementation

Only about a quarter of ordinary Germans are in favor of debt-stricken Greece remaining in the Euro area, a poll published by the Financial Times on Monday indicated. It revealed strong reluctance to grant Greece yet another bailout installment.

The Greek Parliament faces the tough challenge of approving drastic reforms

The study also found that about 26% of ordinary Germans believe that Greece would eventually fail to pay back loans to international creditors. And, almost half of the respondents thought the government in Athens would not be adamant in pushing through far-reaching economic reforms needed to wriggle out of the current financial dilemma.

The poll by the Harris Institute also questioned Spaniards and Italians about Greece's prospects. These respondents appeared a lot more confident than Germans about Athens' reform endeavors.

According to the survey, 88% of Italians and 70% of Spaniards said they at least had some hope that Greece could efficiently restructure its economy for it to stay in the Euro zone and get its finances in order.

But there was still a bumpy road ahead for Greece, the Global Financial Integrity pressure group told the German magazine Der Spiegel. It claimed that some 261 billion dollars had been taken out of Greece illegally since 2003, mostly involving large-scale corruption or tax evasion.

Greece was supported by international lenders with a second tranche of bailout funds to the tune of 130 billion Euros. A third installment of 31.5 billion Euros hinges on the results a reform audit by The European Union, The European Central Bank (ECB) and the International Monetary Fund. Their experts are due to return to Athens this week to complete the assessment

5 comments Feed

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1 British_Kirchnerist (#) Sep 04th, 2012 - 03:21 am Report abuse
If Greece is forced out of the Euro, all the scaremongering of the Greek right at the last election will be exposed as the sanctimonious cant it always was
2 ManRod (#) Sep 04th, 2012 - 12:43 pm Report abuse
There is no hope in Greece, everybody knows it, and everybody sees that there is no real effort in greek politicans in changing things. The only thing they care about, is “maintaining” this situation of european charity (they do not see that money as a thing to pay back) as long as possible. Greeks GTFO and default NOW.
3 vestias (#) Sep 04th, 2012 - 01:44 pm Report abuse
Se a Grécia continuar no Euro o pais vai ter um risonho menos desastroço se sair vais ter um risonho desastroso hoje a Grécia esta num boraco sem saida eu também estou de acordo é manter a esta situção de caridade Europeia
4 Guzz (#) Sep 04th, 2012 - 07:08 pm Report abuse
Quite funny how they fluke the poll results by asking one question and posting the non-answer as facts :)
5 Conor (#) Sep 04th, 2012 - 08:35 pm Report abuse
Let the EU and the Euro die. This project is destroying the continent that has produced so much and now we are being dragged into this shambles.

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