Ascultă Radio România Actualitaţi Live

Greece, whereto?

Europe is trying to find a solution to help Greece avoid defaulting on payments.

Greece, whereto?
Greek Prime Minister Alexis Tsipras. Photo: rri.ro.

Articol de Radio România Internaţional, 22 Iunie 2015, 07:32

Europe is these days oscillating between anxiety and exasperation.

Half of the Germans, for instance, are calling for "Grexit", namely Greece's leaving the Eurozone, as the country is on the brink of bankruptcy.

On June 30th, Greece is supposed to reimburse some 1.5 billion Euros to the IMF, but the state's treasury is empty, so the unblocking of the 7.2 billion Euro worth of aid that the IMF and the EU promised last year is imperative.

Greece's international creditors, however, have one condition: for Greece to get the money, it has to make savings and implement a number of reforms, especial with regard to the pensions system.

The radical left, though, which is holding the reigns of power in Greece, seems engaged in a dialogue of the deaf.

On the one hand, unlike the Germans, who plead for austerity and strict rules, the Greeks believe it's illegitimate for anybody to force upon them a certain political and economic policy.

On the other hand, they are counting on the European solidarity. But, the Europeans, who are now trying to find a solution, say "enough is enough!".

Gathered in Luxembourg on Friday, the Eurozone finance ministers only needed one and a half hour to decide they could not authorize the disbursement of the financial aid to Greece.

Subsequently, the Eurozone heads of state and government were summoned to an emergency meeting in Brussels on Monday, to discuss the situation from a political perspective.

The usual summer summit is still due in late June, but there is not enough time left for the aid to be approved by the European parliaments.

Without this help, though, Greece has no money to pay the IMF back, thus risking to default on all payments.

In fact, the IMF Director Christine Lagarde was quite firm in stating that Greece will not benefit from any postponement.

In the meantime, Athens has been looking for solutions, pendulating between the West and the East, more precisely between the EU and Russia, in an attempt to prove its economic and financial potency, apparently untouched by the sanctions imposed by Europeans against the background of the conflict in Ukraine.

US Ambassador in Bucharest: F-35 airplanes will significantly contribute to Romania's security
News in English 21 Noiembrie 2024, 16:01

US Ambassador in Bucharest: F-35 airplanes will significantly contribute to Romania's security

Romania's decision to acquire the F-35 advanced fighter aircraft is an important step in the continued modernization of...

US Ambassador in Bucharest: F-35 airplanes will significantly contribute to Romania's security
The Government wants to reorganize the National Anti-Drug Agency
News in English 21 Noiembrie 2024, 16:00

The Government wants to reorganize the National Anti-Drug Agency

Romania has enough natural gas stocks to get through the cold season, Prime Minister Marcel Ciolacu assured at the start of...

The Government wants to reorganize the National Anti-Drug Agency
Changes to maritime strategy
News in English 21 Noiembrie 2024, 00:30

Changes to maritime strategy

In Constanta, the Romanian Naval Forces are organizing the annual international conference on maritime security in the Black...

Changes to maritime strategy
Two Dutch F-16 aircraft landed at Fetesti Air Base
News in English 21 Noiembrie 2024, 00:29

Two Dutch F-16 aircraft landed at Fetesti Air Base

Two F-16 aircraft from the Netherlands, the latest to join the European Training Center, have landed at the 86th Air Base in...

Two Dutch F-16 aircraft landed at Fetesti Air Base
Technological development of district heating power plants key to efficient heating
News in English 19 Noiembrie 2024, 22:23

Technological development of district heating power plants key to efficient heating

The key to efficient and safe home heating in the capital is the technological development of district heating power plants,...

Technological development of district heating power plants key to efficient heating
Prime Minister Marcel Ciolacu had a phone call with US President-elect Donald Trump
News in English 19 Noiembrie 2024, 22:21

Prime Minister Marcel Ciolacu had a phone call with US President-elect Donald Trump

Prime Minister Marcel Ciolacu announced that on Tuesday evening he had a very good telephone conversation with the...

Prime Minister Marcel Ciolacu had a phone call with US President-elect Donald Trump
Two teenagers in Romania's delegation to COP29
News in English 18 Noiembrie 2024, 21:54

Two teenagers in Romania's delegation to COP29

Two teenagers from Romania are taking part for the first time as members of a delegation at the United Nations Climate Change...

Two teenagers in Romania's delegation to COP29
Ciolacu: Romania and Bulgaria could join Schengen with land borders in January
News in English 18 Noiembrie 2024, 21:52

Ciolacu: Romania and Bulgaria could join Schengen with land borders in January

Romania and Bulgaria could join the European Schengen area of free movement with land borders also from January next year,...

Ciolacu: Romania and Bulgaria could join Schengen with land borders in January