Greek debt crisis dominates EU talks

Press quote (Voice of America)
25 March 2010

The chief economist at the Centre for European Reform in London, Simon Tilford, believes EU leaders will come up with some kind of minimum deal in Brussels. But he thinks it will fail to give Greece the support it needs nor will it offer long term solutions for other struggling European economies. "I think Greece faces a very, very tough time," he said. "They are going to struggle to retain the confidence of the financial markets. They will be able to borrow, but it is going to be a huge premium, which is going to make it very difficult to strengthen their public finances," he added.