There isn’t much sympathy for Greece just now. The Germans, especially, like to talk about them having had this crisis coming, what with Greeks retiring at 50 from public service and awarding themselves 40 per cent extra wages in the eight years after joining the euro. I’m not inclined to take a censorious view. In fact, you could say I’m the very personification of Greece, or at least an object lesson in the costs of easy credit.
It is hard to escape the sense that with the latest lurches in the European economy, the eurozone crisis is coming to boiling point. Stock markets have tumbled across Asia and Europe following Moody’s downgrading last night of the credit ratings of 16 Spanish banks. That move followed days of turmoil in Spain. Meanwhile this week has seen the collapse of Greek efforts to form a government, with new elections scheduled for June 17 and the Left-wing, anti-euro Syriza party riding high. It is against this grim backdrop that the G8 leaders meet at Camp David this weekend. The stakes could scarcely be higher.
Only a brand new airport can keep Britain in the game
Expanding Heathrow would be a stop-gap measure. We must have the vision to build for future generations
I’m a one-woman personification of Greece
There isn’t much sympathy for Greece just now. The Germans, especially, like to talk about them having had this crisis coming, what with Greeks retiring at 50 from public service and awarding themselves 40 per cent extra wages in the eight years after joining the euro. I’m not inclined to take a censorious view. In fact, you could say I’m the very personification of Greece, or at least an object lesson in the costs of easy credit.
Eurozone approaches the moment of truth
It is hard to escape the sense that with the latest lurches in the European economy, the eurozone crisis is coming to boiling point. Stock markets have tumbled across Asia and Europe following Moody’s downgrading last night of the credit ratings of 16 Spanish banks. That move followed days of turmoil in Spain. Meanwhile this week has seen the collapse of Greek efforts to form a government, with new elections scheduled for June 17 and the Left-wing, anti-euro Syriza party riding high. It is against this grim backdrop that the G8 leaders meet at Camp David this weekend. The stakes could scarcely be higher.
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