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New York Times (October 31)

2018/ 11/ 01 by jd in Global News

Angela Merkel “is doing the right thing in stepping down…. The best leaders are those who know when it’s time to exit.” But Europe will lose a “remarkable” leader who was “compassionate when hearts grew cold, committed to unity when others abandoned it.”

 

Ekathimerini (August 19)

2018/ 08/ 20 by jd in Global News

“Greece’s formal exit from the bailout program does not mean that the country has reached the end of an era and is turning over a brand-new leaf.” During the next phase, Greece will require “even more determination and discipline to meet stringent targets and push through more reforms that will help it get back on its feet.”

 

New York Times (July 26)

2015/ 07/ 27 by jd in Global News

“While the eurozone may have temporarily avoided a Greek exit, it is hard to see how a deal that requires more spending cuts, higher taxes and only vague promises of debt relief can restore the crippled economy enough to keep Greece in the currency union.”

 

Bloomberg (June 29)

2015/ 07/ 01 by jd in Global News

“Three years after Mario Draghi pledged to do whatever it took to save the euro, the mounting crisis in Greece is calling into question the integrity of the entire currency union.” Although Greece is minor in terms of economic output, “its exit would hurl the bloc into unknown territory by setting a precedent for other nations to reconsider their membership.”

 

Bloomberg (July 24)

2012/ 07/ 28 by jd in Global News

Extending Greek repayment terms to make the program achievable might cost 16 – 20 billion euros ($19 – $24 billion). “Whatever German Vice Chancellor Roesler may think, the risk of contagion from a Greek exit remains high, and the damage to Europe’s political project would be lasting. Compared with those costs, 20 billion euros is a bargain.”

Extending Greek repayment terms to make the program achievable might cost 16 – 20 billion euros ($19 – $24 billion). “Whatever German Vice Chancellor Roesler may think, the risk of contagion from a Greek exit remains high, and the damage to Europe’s political project would be lasting. Compared with those costs, 20 billion euros is a bargain.”

 

Bloomberg (May 7)

2012/ 05/ 09 by jd in Global News

Greece’s election “raised the risk that the nation will exit the euro and prompted calls for policies to boost European economic growth.” The likelihood that Greece will quit the euro in the next 12-18 months has risen to 50%-75% according to Citigroup Inc. economists Guillaume Menuet and Juergen Michels.

Greece’s election “raised the risk that the nation will exit the euro and prompted calls for policies to boost European economic growth.” The likelihood that Greece will quit the euro in the next 12-18 months has risen to 50%-75% according to Citigroup Inc. economists Guillaume Menuet and Juergen Michels.

 

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