WSJ: The issue of Greece "sword of Damocles" over the referendum on the Brexit
The Greek risk hanging as a "sword of Damocles" over the British referendum on staying or leaving the country by the EU, is the title of the article Simon Nixon on American Wall Street Journal newspaper.
While we are two months to the British referendum, the Union is determined to put in order its own house, the author explains. From now until June 23 should not allow anything to happen that might strengthen the camp in favor of Brexit an outcome that the International Monetary Fund last week predicted that it would trigger a serious regional and international shocks.
The first step in this direction was the agreement last month between the EU and Turkey. However the issue is not yet resolved the dispute between Greece and its international creditors for the country's bailout program.
Despite efforts to break the deadlock on the sidelines of the spring meeting of the IMF in Washington last week, negotiations on the Greek program continue to encounter the same obstacles that have paralyzed the country in the largest part of the last two years. Germany and Northern Europeans allies say they will lend more money to Greece if not agreed to lend the country and the IMF. But the IMF will not go into debt if Athens did not commit to rigorous reforms and Germany did not agree to allow a substantial debt relief in Greece, things that neither of them wants. No one has yet found a way to resolve what European official describes the "triangle of distrust."
The Greek risk hanging as a "sword of Damocles" over the British referendum on staying or leaving the country by the EU, is the title of the article Simon Nixon on American Wall Street Journal newspaper.
While we are two months to the British referendum, the Union is determined to put in order its own house, the author explains. From now until June 23 should not allow anything to happen that might strengthen the camp in favor of Brexit an outcome that the International Monetary Fund last week predicted that it would trigger a serious regional and international shocks.
The first step in this direction was the agreement last month between the EU and Turkey. However the issue is not yet resolved the dispute between Greece and its international creditors for the country's bailout program.
Despite efforts to break the deadlock on the sidelines of the spring meeting of the IMF in Washington last week, negotiations on the Greek program continue to encounter the same obstacles that have paralyzed the country in the largest part of the last two years. Germany and Northern Europeans allies say they will lend more money to Greece if not agreed to lend the country and the IMF. But the IMF will not go into debt if Athens did not commit to rigorous reforms and Germany did not agree to allow a substantial debt relief in Greece, things that neither of them wants. No one has yet found a way to resolve what European official describes the "triangle of distrust."
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