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 Metatone - Aug 30 3 comments
by Metatone - Aug 22 7 comments
by gmoke - Aug 26
by eurogreen - Aug 21 31 comments
by eurogreen - Aug 15 28 comments
by afew - Aug 19 65 comments
by Frank Schnittger - Aug 7 78 comments
by Oui - Aug 6 65 comments
by Metatone - Aug 303 comments
by Xavier in Paris - Aug 293 comments
by gmoke - Aug 26
by Metatone - Aug 227 comments
by eurogreen - Aug 2131 comments
by afew - Aug 1965 comments
by eurogreen - Aug 1528 comments
by Frank Schnittger - Aug 778 comments
by Oui - Aug 665 comments
by Frank Schnittger - Aug 6188 comments
by Oui - Aug 55 comments
by Oui - Aug 25 comments
by Frank Schnittger - Jul 3043 comments