Berlin (AFP) – German Chancellor Angela Merkel is prepared to let Greece leave the eurozone if Greeks elect a government that jettisons the country’s current austerity course, Germany’s Der Spiegel news weekly reported Saturday.
The report, which cited sources close to the German government, comes as polls show a radical leftist party leading the field three weeks ahead of a snap election in Greece.
The Syriza party of Alexis Tsipras has pledged to reverse reforms imposed by Greece’s international creditors and renegotiate its bailout deal.
Continue reading: https://news.yahoo.com/merkel-prepared-let-greece-exit-eurozone-report-214759614.html
Related story: Opinion poll lead for Greece’s anti-bailout party narrows
I have just watched a video with Belgian economist Bernard Lietaer. He argues that Greece could profit if there were a second, complementary currency. This would coexist alongside the Euro, while being able to preserve and stimulate employment.
Interesting. Could you post a link to that video here?
Of course: https://www.youtube.com/watch?v=JyVRSMprtw8
Thank you. His brief description of a second currency could help the local economy – which is of paramount importance to Greek citizens, but it doesn’t directly address the national debt problem which E.U. leaders and international bankers want repaid and which Syriza wants to absolve. Perhaps, his mention of a tax collected in the second currency would be used to gradually offset that debt; although, such a long-term solution probably wouldn’t satisfy austerity proponents.
LikeLiked by 1 person