If the “prescription” of an unprecedented interest rates increase inspired by the guardians of economic stability in the eurozone does not succeeds, we shall pay a heavy price.
The messages from the markets are already very negative. The alarm bell can be heard not only in Rome, but in every European capital, and hat is why Athens must not ignore it.
The numbers demonstrate that the Italian political crisis could destabilise the entire eurozone at an exceptionally critical moment, with many open fronts.
Greece must now ask itself, under new conditions, what made it strong after the 1974 post-junta regime change, and what can make it even stronger today. In any event, it is not the relationship with the US, as important as it may be.
'The difficulties were a given when the issue was the stability of the euro, and I personally was absolutely cognisant of the excessive burden and challenge that this entailed for the people of Greece. We managed in the end to find a common path, a common pace, for Greece to remain a member of the EU.'
European leaders agreed to create a common “recovery fund” that will have enough money to address the consequences of the pandemic in Europe
The ideal of solidarity upon which the European projected was founded is being put to the test in a most palpable manner.
Much like her predecessor Mario Draghi, ECB chief Christine Lagarde has declared she will do anything necessary to shore up the eurozone and temper the economic shock of the pandemic.
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
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