Euro-zone countdown for Greece: Germany and IMF will not yield on austerity measures

Monday, July 23rd 2012 - 08:41 UTC

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German Finance Minister Wolfgang Schaeuble warned Greece in a newspaper interview Monday that it must redouble efforts to comply with bailout conditions imposed by international creditors. “If there were delays, Greece must make up for them,” he told the daily Bild. Read full article

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British_Kirchnerist
My prediction - the troika will take New Democracy's victory as a green light for more austerity, Samarras will buckle and implement it, the people won't put up with it an Syriza will come to power at the next election which won't be a full 4 years from the last
Jul 23rd, 2012 - 02:07 pm - Link - Report abuse 0
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Conqueror
Greece will be the first EU member to revert to its original currency. In a few years, it will claim back its self-respect and realise that the euro-dream was just a dream. Other countries such as Portugal, Ireland and Italy will watch this and realise that the euro was a con-job. Only a short step from there to realising that the EU is a con-job that the people don't want. Quite possibly led by Britain, members will start leaving the EU. Possibly leaving France, Germany and the East European countries who reckon it's a way to leach money from richer countries.
Jul 23rd, 2012 - 02:48 pm - Link - Report abuse 0
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