The clock is ticking for Greece
Interview with Euranet on the perspectives for Greece:
The new Greek government has spent the first two months in office meeting with important EU leaders across Europe. But little real progress has been made in the negotiations about the countrys bailout. And soon Greece may run out of money when major debt payments are due. [...]
But Janis Emmanouilidis at the European Policy Centre (EPC) argues that difficult discussions were necessary. And he points out that also the EU side could have handled the talks better.
Other member states, the public, politicians in other EU countries were also not giving them an easy ride. Being rather quickly critical on what has been said, drawing quick conclusions, sometimes wrong conclusions, not really listening to each other. So I think that both sides have a certain blame to take for the fact that has taken, or is taking, long. But again, this is something that you probably would have to have expected, Emmanouilidis told Euranet Plus. [...]
But that will only be a short term fix. When the bailout programme expires this summer, a new agreement is needed as Greece will not be able to finance itself on the market. And that will most likely be an even more difficult discussion with an outcome that is hard to predict.
The chances are very high that there will be some kind of agreement even if we do not know the details. Because everyone in Greece, but also outside Greece, is aware of the potential dangers if there is no agreement, said Janis Emmanouilidis. [...]
Link to original interview here
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