“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.
You may be interested
Vaccinated travellers entering the UK from EU and USA will not be quarantinedPanos - Jul 29, 2021
Fully vaccinated travellers entering the UK from the European Union and the United States will not need to be quarantined…
EU signs deal for monoclonal antibody therapyPanos - Jul 29, 2021
The European Union has signed a contract with GlaxoSmithKline for the supply of up to 220,000 treatments of its investigational monoclonal antibody…
The Greek official response answering Turkey’s provocative claims to the UNPanos - Jul 29, 2021
Greece has responded in detail to Turkey’s unfounded and unsubstantiated claims it made on the UN, by sending a letter…