The conditions in Greece right now are not getting better. This
week Alexis Tsipras, the new prime minister has gone to Istanbul in order to
discuss with other officials about the situation. Meetings about how to pay off the debt and
how to save Greece’s economy started just a couple of weeks after his election.
Since 2009, when Greece’s crisis first arose, it has only gotten worse and the
rest of the Eurozone followed. The amount
of money lent to them is over $300 billion and most of it is from Germany.
Tsipras promises that he will do what he promised before he was elected. He
believes that the bailout conditions the previous government had promised are
too hard and he wants to raise the minimum wage. He is willing to meet with officials to
discuss new terms and he will be going to Brussels on Wednesday to discuss new arrangements.
There is a threat that Greece may need to leave the Euro and return to the
Drachma. Varoufakis, Greece’s finance minister disagrees completely and
believes that once Greece is out the rest of Europe will collapse. The US has been affected as well; even though it
has a fairly steady economy.
It is a very risky time for Greece right now. Europe has to
make a decision and whether Greece leaves the Eurozone or not can affect
everyone in it. Varoufakis’s statement, I believe is not 100% wrong. Everyone
is connected with the Euro and if one country leaves others may follow. Greece
needs to agree with Europe and find a way to pay off the debts without “starving”
the Greek citizens. Now that this problem is affecting other countries outside
of Europe, I believe, they will find more solutions to this problem.
Eugenia Marantos
02/10/201510:05
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