In another 'odd' event for Europe's status quo, for the second time in a week, tens of thousands of pro-government supporters have taken to the infamous Syntagma Square in Athens to ensure Syriza knows exactly what tomorrow's 'negotiations' are all about. With the latest poll showing Syriza in an even more dominant position nationally (45.4% vs ND's 18.4%) and Merkel's party looking like it will lose in a landslide in Hamburg local election, it seems the people of Europe have expressed their will. As Germany's Sinn suggests, Grexit would be best, "if Greece doesn't exit the euro, it will keep adding new debt it will be unable to repay." Perhaps that is why the rally cries of "Give Greece a chance" are so loud...
The people are moving more toweards Syriza...
Ifo’s Sinn Says Greek Euro Exit Would Be Best for Country, (as Bloomberg reports)
Previous policy to save Greece hasn’t worked “because it’s not making Greece competitive,” Bild-Zeitung reports, citing Hans-Werner Sinn, head of Germany’s Ifo economic institute.
Euro exit would boost economy, within 3 yrs unemployment would fall; Greece could re-enter euro zone later
If Greece doesn’t exit euro, it will keep adding new debt it won’t be able to repay Debt writedown is precondition for euro exit
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The crowds are growing as night falls ahead of tomorrow's critical negotiations...
Some messages for Europe...
????????, ????! Athens, now! pic.twitter.com/4iBbU0kXDP— Leonidas Vatikiotis (@LeonidasV) February 15, 2015
Saturday, March 30, 1985
Western European leaders of the Common Market began crucial negotiations here Friday night with Prime Minister Andreas Papandreou of Greece, who has threatened to veto the entry of Spain and Portugal into the market next year.
After late-night talks with Mr. Papandreou, the leaders said early today that he stuck by his vow to block the two countries unless the other market members gave Greece nearly $2 billion in special agricultural aid.
Greece has said it needs the money to offset the effects on its economy of increased competition from Spanish and Portuguese products when those nations join the market, formally called the European Economic Community.
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