Moving from rhetoric to a lasting resolution

Finding common ground between the Syriza-led government and German-led austerity measures is needed if Greece — and the eurozone — is to survive, writes Ann Cahill.

EVERYBODY has everybody else over a barrel when it comes to the Greek issue. And Ireland will be watching from the sidelines, carefully assessing whether the country can benefit from whatever decisions are made.

While both countries are paying roughly the same percentage of its GDP on servicing debt, Ireland’s interest rate has been considerably higher than that of Greece. And if Greece manages to extend the length of time it gets to repay its debt — then Ireland is sure to look for similar arrangements.