With Greece’s economy tanking again, the country’s government is convinced that the terms of the bailout deal it made with its international creditors, including continued austerity, must be renegotiated. But austerity is not Greece's problem; exports are.
BRUSSELS – The seemingly interminable negotiations between the new Greek government and its international creditors – the International Monetary Fund, the European Central Bank, and the European Commission – on a new loan deal have entered a dangerous phase. At this point, a mistake on either side threatens to trigger the kind of accident that could precipitate a new crisis in Europe.
BRUSSELS – The seemingly interminable negotiations between the new Greek government and its international creditors – the International Monetary Fund, the European Central Bank, and the European Commission – on a new loan deal have entered a dangerous phase. At this point, a mistake on either side threatens to trigger the kind of accident that could precipitate a new crisis in Europe.