German press calls for expulsion of Greece from Eurozone

11 October 2016
91 Views

A portion of the German press is openly calling for the expulsion of Greece from the common European currency area, following Monday’s Eurogroup meeting, which decided to release a part of the 2.8bln-Euro sub-tranche to the crisis-stricken country and the uncertainty of whether the IMF will continue to support the bailout program. “Die Welt” writes that the departure of the IMF could kick off an ‘honest discussion’ regarding a generous debt relief for Greece, with a concurrent departure of the country from the monetary union. The newspaper notes that the threat by the Fund to abandon the Greek bailout program places the German government in a tough spot, as it gained the parliament’s support on the condition that the IMF would be aprt of the program. The title of financial newspaper “Handelsblatt” reads “Fresh money, old squabbles” commenting on the part-release of the 2.8blb-Euro sub-tranche. On its part, “Der Telegraph” uses a more optimistic title: “The Commission sees progress in Greece”. The article highlights, however, that despite the release of part of the cash, the problem with the country still remains as its growth rates are extremely slow.

You may be interested

Greece & Australia both tangled in mining investment conundrums
GREECE
shares107 views
GREECE
shares107 views

Greece & Australia both tangled in mining investment conundrums

makis - Sep 22, 2017

An interesting article from Australia about mining activities there and the similarities with our case: Every time I read an…

The Albanian “velvet ethnic cleansing” of the Greeks of Northern Epirus at the OSCE
WORLD
shares96 views
WORLD
shares96 views

The Albanian “velvet ethnic cleansing” of the Greeks of Northern Epirus at the OSCE

makis - Sep 22, 2017

The “National Association of Northern Epirus 1914” participated for the third consecutive year at the Annual Conference of the Office…

Dimitris Giannakopoulos for PAO: I cannot do anything else for club
GREECE
shares103 views
GREECE
shares103 views

Dimitris Giannakopoulos for PAO: I cannot do anything else for club

makis - Sep 22, 2017

The fate of the football club of Panathinaikos is hanging in the balance, after major shareholder of the basketball team…

Leave a Comment

Your email address will not be published.