ALERT LINE
Warnings Raised of a Greek Exit From the Euro

Warnings Raised of a Greek Exit From the Euro

PARIS — Just a few weeks ago, fears that Greece might exit the euro union subsided when Europe extended its financial bailout. But as a new war of words escalates between Athens and its creditors, talk of a “Grexit” is heating up.

In the last several days, European and American banks, think tanks and ratings agencies have issued a fresh round of warnings and studies calculating the damage to the currency union if Greece were to default on its debts or stop using the euro.

Jeroen Dijsselbloem, the head of the Eurogroup body of European finance ministers, this week also raised the possibility of restricting the flow of money in and out of Greece to make sure the country has enough money to pay its debts.

Driving those concerns is an increasingly venomous standoff between Athens and nearly every other country in the 19-member currency union — especially Germany.
Continue reading the main story
Related Coverage

‘Varoufakis Problem’ Weighs on Greek Debt TalksMARCH 18, 2015
Prime Minister Alexis Tsipras of Greece, right, and Yanis Varoufakis, the finance minister, have invoked Germany’s Nazi past.
Language of Greek Crisis Shifts From Financial Jargon to HumiliationMARCH 12, 2015
O.E.C.D. Will Advise Greece on Economic OverhaulsMARCH 12, 2015

One of the main sticking points is Prime Minister Alexis Tsipras’s pushing ahead with an anti-austerity agenda that creditors say conflicts with pledges he made on Feb. 20 in winning an agreement to let Greece extend its 240 billion euro, or $254 billion, bailout program for four months. That deal was crucial to giving Greece the ability to unlock loan money it badly needs. But so far, no funds have been forthcoming.

Read More:Warnings Raised of a Greek Exit From the Euro – NYTimes.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

*