Sunday, 4 September 2011

Greece "A Lost Cause"?

EuroIntelligence reports:

Holger Steltzner asks the eurozone to wake up to the fact that Greece is a lost cause
After the Greek parliament’s admission that the Greek debt has spun “out of control”, Frankfurter Allgemeine Zeitung’s economics editor Holger Steltzner asks the eurozone in a front page editorial to wake up to the fact that Greece is a lost cause. “The public service and the private sector have ballooned as a consequence of living on debt and they are not competitive and that is why the ‘rescue billions’ will disappear”,  Steltzner asserts. “What does the EU do with a country that is unwilling to undergo change and structural reform, because there is a lack of political will, of functioning administration and of support of the population?”

Kathimerini: SUDDEN DEPARTURE OF TROIKA INSPECTORS/AUDITORS

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