Greek debt relief at the Eurogroup

The Wit and Will Of Men

Nick Malkoutzis via Macropolis | The stock phrases came thick and fast after Monday’s Eurogroup. “Great progress,” “very close” and “an agreement in a few weeks” were a few of the perennial quotes trotted out again by officials following a failed attempt to settle differences over Greek debt relief.

Greece's president

The Joke’s On Greece

Nick Malkoutzis via Macropolis | A Greek businessman, a Greek minister, a Greek opposition MP and a German official go to an economic conference. The German ends up being the only one that defends the Greek position. It may sound like a bad joke but it is a sad reality.

Greece debt

“What Is Clear Is That Greece Cannot Pay Its Debt And Will Never Pay It”

“What is clear is that Greece cannot pay its debt and will never pay it. There needs to be an acquittance. And European legislation does not allow for waivering of debt. What they are going to do now, and it should have been done seven years ago, is to modify the conditions in such a way that the debt will be practically waivered,” says Spanish economist Fernando Eguidazu, as he leaves his Foreign Office post of Secretary of State for the European Union.

greece 1

Another Spin Of The Wheel For Greece

Nick Malkoutzis via Macropolis | The Greek government expects the economy to grow by 2.7 percent and living, working and investing in Greece might seem a more enticing prospect. It is difficult, though, to be anything other than cautious about the prospects of such a turnaround. Firstly, there will have to be a dramatic improvement in several sectors of the economy for this kind of growth to be achieved.

Greece and the IMF

The IMF And Greece’s Bitter Pill

Yiannis Mouzakis via Macropolis | What you are going to read could very well be extracts from a Yanis Varoufakis interview in the first half of 2015, when – in a clumsy manner that rubbed everyone up the wrong way – he was advocating that Greece and its lenders should change course.