Advertise On EU-Digest

Annual Advertising Rates


Are Germany, the Netherlands and Finland Pushing for a “Grexit?”

It’s been a harrowing couple of weeks for Greece and fellow euro zone members, but they have finally found a 130 billion euro bailout formula that looks set to allow the European sovereign debt crisis to muddle through for the moment.

But the deal comes at high costs, not least of which are relations between Greece and the most hardcore northern members of the euro zone – Germany, the Netherlands and Finland — which have been pushing harsh terms on Greece while arguing the strict measures will bring the best long-term outcome.

In response, Evangelos Venizelos, Greece’s finance minister, complained last week that some euro zone forces want to push Greece out of the group, and accused them of “playing with fire.” With the latest agreement, he now says the euro zone has avoided a “nightmare scenario.” But many critics of the process maintain, as they have at earlier stages, that no permanent solution has been reached and that this agreement, too, will fall apart soon — that is, if Greece does not leave, or does not get pushed out of, the euro zone first.

For more: Are Germany, the Netherlands and Finland Pushing for a “Grexit?” | Knowledge@Wharton Today

No comments: