By LIZ ALDERMANMARCH 4, 2016
The New York Times
ATHENS — When Greece’s debt crisis threatened to sink the European Union’s single currency last summer, the rest of Europe, led by Chancellor Angela Merkel of Germany, ganged up to deliver the Greek government a stern message: Overcome your domestic political problems and do what is necessary to hold the Continent together.
Eight months after Greece agreed to do its part, it is the rest of Europe that is failing to muster the will to address a threat to the bloc’s unity, this time the continued influx of migrants from the Middle East and beyond. And Greece, the main entry route for asylum seekers, has been largely left to fend for itself.
“We are now in the situation where Greece is essentially becoming a holding pen for refugees and is being asked to solve a problem created by other countries,” said Jens Bastian, an economics consultant based in Athens and a former member of the European Commission’s task force on Greece. “You are basically putting the management of Europe’s migrant crisis at the doorstep of Greece.”
Saturday, March 5, 2016
Tuesday, December 1, 2015
Mon Nov 30, 2015 12:11pm EST
Addressing a conference of investors, Finance Minister Euclid Tsakalotos said on Monday that making the ailing euro zone country's debt sustainable was the key to liberating the economy and restoring confidence among depositors and companies.
Wednesday, April 10, 2013
Wed Apr 10, 2013 5:21am EDT
(Reuters) - Greek bank deposits rose by more than 1.5 billion euros in March despite fears
Cyprus's banking crisis would trigger deposit
outflows in other indebted euro zone economies, 's central bank chief said. Greece
More than 19 billion euros have returned to
since mid-June last year
when the election of a pro-bailout government allayed fears of a messy Greek
exit from the euro zone. Greece
Tuesday, December 4, 2012
By John Sfakianakis Dec 4, 2012 1:37 AM GMT+0200
Wednesday, November 28, 2012
Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and B: adequate debt relief.
Sunday, November 18, 2012
By Matthias Inverardi
(Reuters) - Euro zone governments and the International Monetary Fund (IMF) are making headway in settling a row over how to make
's debt manageable, Eurogroup
President Jean-Claude Juncker said on Saturday. Greece
Friday, November 16, 2012
(Reuters) - A crucial Eurogroup meeting next week on Greece should forge a deal that will put the insolvent country's economy on a sustainable path, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Friday.
Wednesday, November 14, 2012
By the Editors Nov 14, 2012 1:30 AM GMT+0200
One way or another, the governments and other official lenders that have bailed out
hold its debt are going to lose some or all of that money. Greece
Tuesday, November 6, 2012
Discord Over Who Should Shoulder Burden of Giving
More Time to Repay Loans
Comes Ahead of Crucial Deadline Greece
By BRIAN BLACKSTONE and GABRIELE STEINHAUSER
Europe's governments and the European Central Bank are at odds about who should shoulder the financial burden of giving
more time to repay its loans and remain part of the euro zone. Greece