A timeout-proposal with consequences

Despite the tactics of brinkmanship used by all negotiation parties, the Greek government and the Eurogroup finally managed to find a general understanding on a third assistance package. However, this deal comes at a very heavy price: considering the harsh statements on the negotiation process that followed the agreement, its fallout is immense. The marathon […]

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Merkel’s choice between bad or worse

For Germans, the Greek crisis is again the single most important political topic. The German government finds itself in a difficult position after the Greek ‘No’ to the financial aid package. Whatever will be the result of the renewed negotiations after Sunday’s summit – a new rescue package, some form of a haircut or debt […]

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