Hiver

Nobel laureate economist Joseph Stiglitz gave an interview just hours before Greece’s snap election on September 20. He said that Grexit should be viewed as a last resort for Athens. “The Grexit is no good solution, but if the Troika continues to insist on measures that stifle the economy, the Greeks should leave the eurozone,” he said.

In an interview to German Handeslblatt French Finance Minister Michel Sapin blasted his German counterpart Wolfgang Schauble on his plan for a temporary Grexit. Sapin points out that Schauble is in the wrong on the Greek issue, adding “…he contradicts his own will for Europe”.

Standard & Poor’s on Tuesday upgraded Greece’s sovereign credit rating to CCC+ from CCC-, with the ratings firm going further and revising the country’s outlook to stable from negative.
In a statement, S&P said it believes the possibility of Greece leaving the euro zone by 2018 (Grexit) has fallen to lower than 50 percent, although adding that the risk “is still high.”

Nobel laureate and New York Times columnist Paul Krugman said he overestimated the Radical Left Coalition (SYRIZA) government of Greece during a discussion on how a Grexit would impact the EU with CNN host Fareed Zakaria.

"He is the age of my son! He was the only one who stood against those monsters in Europe, look how tired he looks; he does not smile any longer. You will see; he will be a national leader. We have not had any for many, many years! " 

Greek newspaper Kathimerini tis Kyriakis reveals that the dreaded Grexit plan is sealed in a vault in the European Commission building in an special safety room, near President Jean-Claude Juncker’s office.

In an interview to Spiegel online, German Finance Minister Wolfgang Schauble talks about his disinterest in tweets, the Greek crisis and how American Nobel prize-winning economist Paul Krugman is unaware of Europe.

German Finance Minister Wolfgang Schauble ruled out the possibility of a nominal hair-cut on the Greek debt in an interview to German state radio Deutschlandfunk, Thursday.

French lawmakers overwhelmingly approved the latest Greek bailout deal on Wednesday, with Prime Minister Manuel Valls warning that it was the only path out of the crisis.

The French National Assembly (the lower house) backed the agreement by 412 votes to 69. The Senate vote followed, 260 approving opposed to  23 against.

The word ‘Grexit’, which refers to a possible exit of Greece from the Eurozone will most probably be added into the English dictionary, as it has entered into our vocabulary over the past year or so. A different version of that is the ‘Germanexit’, which is not as much in the fore, as a German exit from the Eurozone seems quite unlikely…Might this change, however?