Ultimately, the buck stops
with the Eurozone countries, whether it's funding or simply a guarantee.
However, Varufakis» strategy already failed in previous negotiations with the Eurogroup, as the agreements signed
with Eurozone countries stipulate that Greece will not be granted any further payments before the end of April, and they would be conditioned by a successful evaluation of the implementations of reforms announced by the Tsiprasled Greek government.
Not exact matches
Today, Sweden is among the most - connected
countries in the
Eurozone,
with more than nine out of 10 households having internet access as of 2015, according to European Commission data.
But a strange showdown is shaping up between the
eurozone's powers, which can not and will not extend unconditional aid, and a
country ravaged by austerity
with little appetite for more.
«I've heard stories of companies hedging their bets
with some of the
eurozone economies,» Langrish says, explaining that some have set up accounts to pay their employees in euros should their home
country exit the
eurozone and reintroduce its old currency.
I think he's laying the groundwork to suggest that the finance ministers of individual
countries need to work
with him to get the
eurozone going in the right direction.
BWZ is heavily weighted toward debt from Japan
with another large fraction of the portfolio distributed among the
Eurozone countries.
In turn, this has allowed the Portuguese economy to become one of the biggest beneficiaries of the
eurozone's robust recovery,
with the IMF forecasting 2017 could be the
country's best year of growth in more than 20 years.
And for Greece's own wealthier classes, the EU loan package would enable the
country to remain within the
Eurozone long enough to permit them to move their money out of the
country before the point arrived at which Greece would be forced to replace the euro
with the drachma and devalue it.
Slovakia's problems are not particularly economic — the Bratislava self - governing region is the sixth - wealthiest EU region,
with purchasing power parity per capita income more than 180 % of its regional average — and as a member of the
eurozone, the
country has attracted substantial foreign direct investment, notably into its auto industry.
The Greek government had to meet the payment deadline to continue negotiating
with the IMF and
eurozone finance ministries for another bailout package that would keep the
country afloat — for the time being.
A key sign: Prices for government bonds of other heavily indebted
eurozone countries — such as Spain and Italy — are not suffering in sync
with Greek bonds, as they did before.
Underlining the health of the German economy compared
with much of the rest of the
eurozone, an independent bi-annual report produced by a range of economic institutions for the German Economics Ministry raised its forecast for the
country's growth in 2016 from 1.6 % to 1.9 %, citing the strength of the labor market and private consumption.
But if instead the
eurozone want more powers and treaty change to prop up the euro, in return for that we should insist on bringing back powers from this
country so we can once again be an independent
country trading
with Europe but governing ourselves.»
«
With more than 75 % of construction products exports being absorbed into the European market, recent forecasts from the OECD indicating a slowdown in key
Eurozone countries, such as Germany and France, potentially threaten prospects of further growth for product manufacturers.
«David Cameron must recognise the austerity policies which are failing in Europe are the very same policies that have failed in Britain and which the British government has been urging
eurozone countries to stick
with,» he commented.
The EU probably felt like it had to react to the accusation that
Eurozone countries were paying for privileged Greek pensioners to retire at younger ages than everyone else, but these proposals have a lot more to do
with convincing international speculators about the future viability of the Euro than a serious plan for pensions policy.
I realise that
countries inside the
Eurozone may not relish advice from
countries outside it - especially from
countries, such as Britain,
with debts and difficulties of their own.
Bill Cash, a Conservative, asks what will happen if the
eurozone countries go ahead
with their proposed internal changes.
Triggered by the known «United States housing bubble», the 2007 - 2008 financial crisis soon led to the 2008 — 2012 global recession and subsequently affected
Eurozone by contributing to its sovereign - debt (Baily and Elliot, 2009 & Lin and Treichel, 2012) Although the crisis that the EU faces has been mainly correlated
with Greece, the truth is that it has also dramatically shaken many
countries of the Southern Europe.
A 2013 study by NERA Economic Consulting revealed that the U.S. has the highest liability costs as a percentage of GDP of the
countries surveyed,
with liability costs at 2.6 times the average level of the
Eurozone economies.
The
country exceeded growth expectations for first half of 2015 growing 2,3 % in Q3; and
with 1,6 % GDP growth forecast for 2016, the
Eurozone has declared Cyprus a success story.