EU Leaders Agree on Second Bailout for Greece

Lisa Bryant, Voice of America, 24.06.2011

Quotes

Link to original article


Stock markets rallied Friday after European Union leaders agreed on a new bailout for Greece, provided that Athens commits to more austerity measures. But the Greek deal fails to address fundamental problems threatening the future of the 17-member eurozone. [...]

Janis Emmanouilidis, senior policy analyst for the Brussels-based European Policy Center, agrees the European Union must address fundamental imbalances within the eurozone if the monetary union is to remain intact.

"I think the member states will come out of the crisis," said Emmanouilidis. "I'm not saying in total. I'm not saying some of the member states won't face even more severe problems. In the Greek case we don't know how the case will in the end start to develop."

If the EU resolves its eurozone debt problems, analysts like Emmanouilidis believe the block could emerge strengthened from the experience. If not, some analysts fear the decade-old currency zone may not survive, at least not in its current form.

For the entire article see here.


Latest media contributions

Que faut-il attendre de la Conférence sur l'avenir de l'Europe qui sera lancée dimanche? L'objectif final reste flou
Quotes, La Libre (BE), 08.05.2021

EPC Update – digital green certificate | German & French elections | ratification EU-UK trade deal | Conference on the Future of Europe
Online Briefing, YouTube, 30.04.2021

EPC Update – rollout of vaccines | travel prospects | COVID-19 situation after the summer | wider neighbourhood – EU-Turkey, Russia, Iran
Online Briefing, YouTube, 19.04.2021

Beziehungsstatus: Es ist kompliziert
Quotes, Die Welt, 05.04.2021

Wie die Allianz Draghi-Macron Europa verändern könnte
Quotes, Die Welt, 05.04.2021

Beste Insellage - Der Brexit als Erfolgsmodell
Interview, hr2, 29.03.2021

EPC Update – rollout of vaccines | Digital Green Certificate | Europe's digital transformation
Online Briefing, YouTube, 26.03.2021

EPC Update – rollout of vaccines | CoFoE prospects | EU's trade strategy | EU-UK TCA | prospects for Europe in the 'age of permacrisis'
Online Briefing, YouTube, 11.03.2021

Conferência sobre o Futuro da Europa deve focar-se em prioridades estratégicas como futuras pandemias
Quotes/Interview, LUSA (PT), 10.03.2021

E lança ambicioso debate cidadão sobre o futuro da Europa
Quotes, Swissinfo, 10.03.2021


Media