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Athens After the decision for early elections in Greece is a debate about an exit of the heavily indebted country from the euro zone flared , “The times when we had to rescue Greece, are over. There are no more blackmail potential “, the German politician Michael Fuchs told the” Rheinische Post “. The Deputy Union faction leader referred to the new security mechanisms of the monetary union. “Greece is not relevant to the system for the euro.”
Green warn of consequences
The economist Hans-Werner Sinn has the Greeks the euro exit: And their economies currency depreciation could be competitive again. He described a euro exit of Greece as an alternative to a further concession of international donors. “Other debt cuts will have to be granted over again, unless you dismiss the country from the euro and allowed him to regain competitiveness by devaluing” the president of the Ifo Institute for Economic Research said the “Daily Mirror”. Sense pointed out that Greece has already received 2,012 concessions in the term and the interest on the part of international lenders.
In contrast, the German Green Party leader Simone Peter warned of dramatic consequences for Greece and the euro zone. She called for the post-election talks with Greece on investment could as the debt burden is lowered and be excited.
At start of the week was the conservative prime minister, Antonis Samaras, finally failed in an attempt its presidential candidate by the to bring Parliament. On 25 January will be elected. The strongest force the Syriza could be doing surveys show that wants to change the agreements with the international lenders and loosen the austerity plan. Greece is held since 2010 with two bailouts totaling 240 billion euros of EU and International Monetary Fund (IMF) on water.
The former chief economist of the European Central Bank (ECB), Jürgen Stark, criticized Given the forthcoming elections in Greece, the bailout policy of the ECB. “Greece since 2010 was in fact insolvent several times,” he told the “Süddeutsche Zeitung”. “Again and again, was abducted with new money in the Member States and the ECB bankruptcy.” Now showed the still unsolved problems in the strongest. The ECB has granted since 2010 repeatedly Greek banks access to credit. In addition, the Fed bought at the height of the euro debt crisis, Greek government bonds. Stark resigned in 2011 in protest against the rescue of the ECB of his office.
Greek vacate accounts empty
However, have raised a total of 2.5 billion euros from their bank accounts in Greece many savers and businesses for fear of political and economic turmoil in December. This is unusual and only can be explained with the fact that the citizens are very concerned, given the early elections on 25 January, the conservative Athens newspaper “Kathimerini” wrote. A run on the banks is estimated by experts clearly not. However, the development show the concerns of citizens
On Monday, the director of a bank branch in the Athens suburb of Peristeri Deutsche Presse-Agentur said that one very carefully the preceding especially in ATMs. This by no means a bank Run is triggered, the institutions must ensure that all equipment is properly stocked with cash. (Reuters / DPA / red.)
(“Die Presse”, print edition, 02.01.2015)
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