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Yet after two years of fighting Greece's debt crisis, hardly anyone believes that this strategy will work -- not in Athens, Brussels or Berlin. German Finance Minister Wolfgang Schäuble stopped pretending long ago that he wasn't extremely annoyed by the stalling, delaying and squabbling of the parties in Athens. (…) As it turned out, Schäuble was right: The ministers couldn't make any decisions because some important documents were missing. A draft agreement on the debt relief agreement between Greece and its private creditors was missing as was an agreement about the most urgent austerity measures. Furthermore, the leaders of Greece's three coalition parties had failed to provide written pledges that they would abide by the decisions past elections scheduled for April. Faillissement binnen eurozone
Het Griekse parlement heeft zondag een nieuw bezuinigingspakket goedgekeurd, maar een akkoord met private schuldeisers is er nog steeds niet. Het weekblad ziet slechts één reëel scenario voor Griekenland: een faillissement, maar wel binnen de eurozone.
European leaders find themselves in a nearly irresolvable dilemma. If they go on as they have been, the country won't emerge from the crisis. If they force Athens out of the euro zone, they endanger the entire monetary union. That leaves just one viable -- but expensive -- strategy: Allow Greece to go bankrupt, but within the euro zone. This would make it possible to reduce the country's mountain of debt to a manageable level, providing the necessary leeway for a new start both economically and politically, through tough structural reforms and a growth strategy.Bron: Der Spiegel