The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
FT.com / Brussels - Row within Europe over Greece
The ECB fears a soft restructuring would be seen as a precursor to a "hard" restructuring and spook markets across the eurozone. ECB officials instead want Greece to accelerate its privatisation programme. Mr Bini Smaghi said Athens needed to "convince its citizens to pay taxes" and "retire at 65 as everyone else does in the western world".
There is, however, this, too:
Separately, Jürgen Stark, another ECB executive board member, criticised "vested interests" in the UK and US who were hostile to Greece's reform efforts - an apparent attack on investors who have bet on a Greek default. In a further sign of European policy divisions, it emerged on Wednesday that the ECB and some eurozone countries are at odds with Germany's determination to involve private creditors in any future debt restructuring, for fear of scaring investors.
What is the last bit about?
One whose delusions are out of fashion.
by Frank Schnittger - Jul 1 89 comments
by Metatone - Jun 29 50 comments
by Frank Schnittger - Jul 4 6 comments
by chumchu - Jul 2 32 comments
by Frank Schnittger - Jun 28 32 comments
by Luis de Sousa - Jun 28 24 comments
by DoDo - Jun 23 22 comments
by das monde - Jun 26 35 comments
by Frank Schnittger - Jul 46 comments
by chumchu - Jul 232 comments
by Frank Schnittger - Jul 189 comments
by Metatone - Jun 2950 comments
by Luis de Sousa - Jun 2824 comments
by Frank Schnittger - Jun 2832 comments
by das monde - Jun 2635 comments
by DoDo - Jun 2322 comments
by gmoke - Jun 233 comments
by DoDo - Jun 214 comments
by Frank Schnittger - Jun 20355 comments
by melvin - Jun 1560 comments