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Blog euinside - Bulgaria | Monday, August 17, 2015

Athens will squander all the funds again

The finance ministers of the Eurozone approved a third bailout package for Greece on the weekend. In her blog euinside Adelina Marini says she doesn't believe Athens will deal any more responsibly with the new loan of 86 billion euros than it did with the previous ones: "Nothing good came of the two previous, incomplete bailout programmes and the political situation in Greece and in the Eurozone isn't exactly stable now. So there is little cause for optimism. … Who can guarantee that after the first instalment and a potential debt write-down the Greek government won't fall back into its old left-wing habits and start spending more than it takes in again? The government knows that in the name of saving the Eurozone and preserving good relations with the IMF, and supported by the hysterical hue and cry of left-wing US economists, it can get away with anything."

» To the complete press review of Tuesday, August 18, 2015

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