Monthly Archives: February 2015

Greece has only gained some breathing space and limited partial escape from austerity:More work to be done over next four months

Posted on February 28, 2015 by haroldchorneyeconomist

After reading through the exchange of letters between Greece and the troika which are in the public domain  and the impressions of various  commentators it is now possible to get a tentative understanding of what has been agreed to. The … Continue reading →

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11th hour EU 4 month extension agreement with Greece positive but details sketchy:Primary surplus commitment sensibly reduced

Posted on February 21, 2015 by haroldchorneyeconomist

The negotiators from the euro zone European union on behalf of the nineteen member countries reached a  last minute deal with the Greek government to extend the existing arrangement due to expire on February 28 for a further 4 months … Continue reading →

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Dual currency a solution to Greece’s problem:Germany refuses to budge

Posted on February 19, 2015 by haroldchorneyeconomist

The latest news from Europe indicates that Germany continues to resist a compromise solution to the Greek crisis that is contained in the latest proposal by the Greek government for a post bailout 6 month arrangement which would permit Greece … Continue reading →

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European leaders led by Germany resist sensible Greek debt restructuring: Hopefully Reason rather than pride will prevail in end

Posted on February 9, 2015 by haroldchorneyeconomist

Most of the leadership of the Eurozone led by Chancellor Merkel and German Finance minister Wolfgang Schauble have so far refused to agree to any of the very sensible debt restructuring proposals made by the Greek government and brought to … Continue reading →

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