Article Image
News Link • European Union

Europe drawn back to its first problem: Greece

•, By Luke Baker and Deepa Babington
  For all its complexities, Greece's problems essentially come down to three simple questions: Can the country return to growth? How big are its debts? And will the first ever be enough to pay off the second? 
Put like that, one might wonder why policymakers have found a solution so elusive. But as ever, the devil is in the detail, and in Greece's case the details are devilishly difficult. 
That is why ongoing efforts by the European Commission, the European Central Bank and the International Monetary Fund -- together known as the 'troika' -- to work out Greece's long-term growth and debt reduction prospects are so critical. 
Everyone from German Chancellor Angela Merkel to ECB President Mario Draghi and Greek Prime Minister Antonis Samaras -- who wants two more years to make the cuts demanded of him -- is nervously awaiting the outcome of the troika's report, which is expected in late September or early October.

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Agorist Marketplace