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Greece’s Future, and the Euro’s
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This editorial in the NYT calls for the IMF and the EU to rip up their I.O.U.'s after five years of debt negotiations with Greece and a contracting Greek economy. German public opinion looks at it differently having shifted to favoring Greece's exit from the euro. Chancellor Merkel says "if the Euro fails, Europe fails," what she means by this is that the economic responsibility of countries in the eurozone is a condition for the Euro to succeed. The two sides are far apart as Greece faces a "yes" or "no" vote to remain in the eurozone in the July 5, 2015 referendum.
Challenges Chancellor Merkel faces in Germany on immigration and Greece's position in the eurozone in 2015
12/31/2014
In the tenth year of the Merkel administration questions are raised about whether her position on immigration is out of touch with ordinary Germans. Her New Years Eve message included a reference to the Dresden marches on immigration saying that these people had "prejudice, coldness, and even hatred in their hearts." Immigration and paying the cost of integrating immigrants was one of the issues in 2014 Swedish elections, and is an issue today in the UK and France. The terrorist attack in France by radical Muslims has created new tensions in 2015.
Grouped Articles
Euro and Immigration Promise Challenges for Merkel in 2015
New York Times 12/31/2014
Big Anti-Immigration Rally in Germany Prompts Counterdemonstrations
New York Times 01/12/2015
Wall Street Journal 01/21/2015
Russia Links Loom Larger as Greece Seeks Debt Relief
Wall Street Journal 01/29/2015
German Anti-Immigrant Leaders Resign
New York Times 01/28/2015
Greek Financing Talks Break Down Amid Deep Divisions Over Bailout
Wall Street Journal 02/17/2015
Greece's Syriza government calls for a July 5, 2015 referendum on policy changes and cuts required by the EU/IMF
06/27/2015
Grouped Articles
Greece Calls Referendum on Bailout Terms
Wall Street Journal 06/27/2015
Greece Orders Banks Closed, Imposes Capital Controls to Stem Deposit Flight
Wall Street Journal 06/29/2015
Greece Will Shut Banks in Fallout From Debt Crisis
New York Times 06/28/2015
Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum
Wall Street Journal 06/30/2015
With Loan Deadline Looming, Europe Offers Greece a Last-Minute Deal
New York Times 06/29/2015
Greece’s Future, and the Euro’s
New York Times 06/29/2015
How Tsipras reached his decision to call for a referendum, and the call for a "'no" vote that has damaged relations with the EU in June 2015
01/28/2013
During the last minute negotiations Tsipras veered from one side to the other. Initially he moved closer to Syriza party leaders who favored an accomodation with the IMF and EU, yet with each rejection of Greece's proposals he moved closer to the confrontational postiion of finance minister Varoufakis. The IMF and EU negotiators considered higher taxes on business in the Greek proposals hurting long term growth, and insisted on pension cuts. Greece's negotiating team was still negotiating over details when Tsipras called off talks and surprised European leaders with his call for a referendum. His announcement that Syriza would call for a no was badly received by EU leaders and Merkel, leading to a breakdown in trust. The inexperience of 40 year old Tsipras and the faculty professor Varoufakis's lack of experience with negotiations, may now have damaged relations between Greece and Germany. The reaction in Germany to this is that now a majority of Germans see Greece's exit from the eurozone as the best option, and the goodwill of leaders in France, Italy and Spain may have been lost.
Grouped Articles
How Alexis Tsipras’s Greek Referendum Call Came After Creditors Covered His Proposals in Red Ink
Wall Street Journal 06/29/2015
Greece Will Shut Banks in Fallout From Debt Crisis
New York Times 06/28/2015
Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum
Wall Street Journal 06/30/2015
With Loan Deadline Looming, Europe Offers Greece a Last-Minute Deal
New York Times 06/29/2015
Greece’s Future, and the Euro’s
New York Times 06/29/2015
Wall Street Journal 07/02/2015
The breakdown in negotiations between the EU finance ministers and Greece by June 27, 2015, and Tsipras's call for a referendum July 5 on the bailout
01/28/2013
Grouped Articles
Greek Debt Crisis Intensifies as Extension Request Is Denied
New York Times 06/27/2015
Greece Orders Banks Closed, Imposes Capital Controls to Stem Deposit Flight
Wall Street Journal 06/29/2015
How Alexis Tsipras’s Greek Referendum Call Came After Creditors Covered His Proposals in Red Ink
Wall Street Journal 06/29/2015
Greece Will Shut Banks in Fallout From Debt Crisis
New York Times 06/28/2015
Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum
Wall Street Journal 06/30/2015
With Loan Deadline Looming, Europe Offers Greece a Last-Minute Deal
New York Times 06/29/2015
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