AS we fret about Brexit and the darkened world that will bring; as we fret about the excitable US president, Donald Trump; as we fret (some of us anyway) about Fine Gael’s grand adventure in ineptitude and prevarication; and as we fret about really important things such as Johnny Sexton’s fitness and the size of the French pack, the people of Greece are, again, wondering what the future holds and how much more they might be asked to sacrifice and endure.
Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to look “more critically” at risks borne by banks.
Greece defied its international creditors yesterday by sticking to “red lines” on pension and labour market reforms and urging lenders to give ground, dimming prospects of progress next week towards securing desperately needed financial aid.
Greece has made another plea to the eurozone for cash to avert bankruptcy but has been told to present an improved list of economic reforms within six working days for finance ministers to pave the way for any more lending, EU officials said yesterday.
Greek prime minister Alexis Tsipras and German chancellor Angela Merkel put on a public display of mutual goodwill yesterday, appealing to Greeks and Germans to set aside recrimination and national stereotypes and work for a better European future.
WHETHER or not Greece makes the best use of the deal sanctioned, in the broadest terms at least, by the European Union, the European Central Bank, and the International Monetary Fund remains to be seen but it is certain that the country, its newly elected government and its embattled and often demeaned population will not have too many more plausible opportunities to bring some sort of stability to their society and their economy.