check here Ways to Running Head Can The Eurozone Survive? Find Out Where The current government faces a crisis at the heart of its strategy of trying to restore national unity, and the last thing that will happen is any sort of economic recovery. The latest indication of that may have happened in July, when the Greek prime minister, Alexis Tsipras, signed an accord with President Vladimir Putin for the safe passage of investment for the Eurozone members, a measure he had promised to sign. One of the most pointed moves by the new government may have been to launch a political push that would be diametrically opposed to the Western rhetoric of a bail-out and aggressive price-fixing that has flooded Europe with Greek debt and is now hitting so fiercely across the Atlantic. It may also have taken a political bite off Tsipras’ deal to use this period of time to focus on the deeper political tensions and uncertainties that hang over the euro zone and which pose a threat to trade negotiations. Ironically, EU and German officials will be forced to confront these pressures.
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The fact that these negotiations would not involve the single country have not prevented the establishment of a deep-seated, deep-seated crisis in the eurozone. It will have to be dealt with in public. If Greece cannot agree to any kind of debt-for-charities deal or will not respond by adding another 80 billion euros a year, their very survival will be significantly precarious. But yet again Europe and the American media have attempted to portray themselves as neutral, while continuing to highlight the fact that the failure of central banks to prevent a Greek bailout without implementing proper capital controls could force the Greek government to back down. A recent investigation by the Financial Times reported that instead of blaming the troika lenders for the crisis, there was instead, “the responsibility of Greek politicians and media in imposing austerity measures on their southern neighbor.
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” This effort to scapegoat the country and its European allies may well have played into the hands of conservative economist Galina Mirotsopoulos , one of my favorite mainstream economists. Gonzaga, we know how this played out. Everyone seems to agree that when the Greeks had their first public collapse, the banks and other financial institutions took a step to cut costs, creating a housing bubble that later helped the government of then Prime Minister Alexis Tsipras. As a result, several reforms were enacted to resolve the crisis and then to deal with the debt situation.
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