Euro zone struggling

Ferry Biedermann, The National (UAE), 15.11.2011

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The euro zone faced further pressure yesterday as Greece struggled to convince international backers that it is on its way to implementing a crucial international bailout package to save it from bankruptcy and as several other European countries faced new setbacks. […]

Before the speech in parliament, Janis Emmanouilidis, at the European Policy Centre in Brussels, predicted that the new prime minister had to perform a balancing act.

"He will be in a difficult position to convince people in Greece. At the same time, he will have to deliver a speech that sounds convincing to people outside Greece."

But the speech was not as important as the formation of the government, said Mr Emmanouilidis.

"The fact they got together a government of unity is already a positive sign that was necessary, that is the key," he added.

For the entire article see here.


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