Charlemagne: No more Grexit

Posted: October 12, 2012 in economy
Tags: , ,

UK Only Article: 
standard article

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True Progressivism

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Charlemagne

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But the euro zone is still struggling to find a way of keeping Greece afloat

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20121013_EUD000_0.jpg

EUROPE’S charge-sheet against Antonis Samaras has lengthened with each turn of the Greek crisis. As leader of the-then opposition New Democracy, his refusal to support the first bail-out was seen as crippling. Later on, when he backed the unity government of Lucas Papademos, Mr Samaras was evasive about the second rescue. And by forcing early elections this year, he was blamed for opening the door to extremists of all stripes. Would it not be better, some thought, if Greece just left the euro?
These days, as prime minister, Mr Samaras has started to command a measure of respect. After a meeting of euro-zone finance ministers this week, their president, Jean-Claude Juncker, went out of his way to praise the Greek leader: “I am impressed…The Greek government is behaving, I do …

via Economic Crisis http://www.economist.com/node/21564603?fsrc=rss

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