“Economist Intelligence Unit”: 60% possibility of a Grexit in the next 5 years
An estimation by the “Economist Intelligence Unit” says that there will be no compromise or agreement in the February 20th Eurogroup. According to this analysis this will lead us to a 60% possibility of a Grexit in the following five years.
As an election period for many EU countries starts on March, the governments will be very hesitant to agree on any compromise.
However, that does not stop them from asking new austerity measures from Greece, something that will bring closer the possibility of early elections in Greece as well.
On the other hand, the Greek government is trying to reach a compromise with a new counter-proposal. According to this, the government will accept the measures the lenders want but as counterweight measures Athens wants a marginal reductions on the VAT (from 13% to 12% for food), the income tax (10%-11% first scale taxation for incomes between 6.000-8636 Euros) and the property tax (ENFIA) as well as measures for the support of islanders.
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