Proposals

Schulz warns against Grexit speculation

Social Democratic Party (SPD) chancellor candidate Martin Schulz has warned against fresh speculation of a Greek exit from the euro area saying it is putting European unity at stake.

"Anyone flirting with the idea of Grexit risks breaking Europe apart," the former president of the European Parliament told Die Welt on Monday.

Amid global uncertainty, Greek worries stalk markets - again

Nothing is inevitable in financial markets - except perhaps the return of Greece as a source of concern.

More than seven years since Greece's sky-high debts first unnerved investors and stoked speculation of the end of the euro currency, the country is back in the spotlight for the same reasons.

Guardian: Grexit looming if deal not reached between Greece and creditors

The correspondent of British The Guardian in Athens warns that time for the Greek government to strike a deal with its creditors is rapidly running out in an article entitled “Greece has three weeks to deal with ‘potentially disastrous’ debt, says IMF”. The article says that a failure to reach a compromise by February 20 would bring back Grexit with a vengeance.

From The Guardian:

Bofa Merrill Lynch: The Greek government’s social package can lead to more problems

Right after Moody’s warning about the Greek economy, Bofa Merrill Lynch came forward with a statement that criticizes the Greek government. According to the statement, the bonus to the pensioners that the Greek government announced was a unilateral decision that not only violated the agreement, but was also based on an overoptimistic calculation of the expected surplus.

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