Greek coalition braces for debt showdown as Germany rattles sabre
Simon Tilford of the CER, said that Greece will remain trapped in crisis even if it wins a few concessions. “Nothing likely to happen will make any material difference for the Greek economy,” he said.
“This is the first of a wave of political reactions against the failed handling of the eurozone debt crisis, and we are likely to see the same in Spain and Italy. The establishment parties have been hugely discredited,” he said.