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Country faces critical few weeks as it struggles to meet bailout conditions and pressures rise in Germany and US
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Scooped by Bruce Fellowes |
Scoop.it!
Ubi's curator insight,
February 3, 2017 6:12 PM
- Worrying article: Greece on the brink of bankruptcy: "a perfect storm" - Uncertainty has led to the increase of bond yields from 6% to 10%. - Tspiras's austerity is unpopular, but Germany who have donated the most emergency funds to Greece (300bn) are threatening not to do a fourth round. - Greece must obtain the agreed financial surplus of 3.5% in 2018. - The contractionary policy is putting the country into turmoil; unemployment is at 23% and 1/3 of Greeks are below the poverty line - They might be forced/choose to leave the EU.
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