Thursday, January 1, 2015

Again debate on euro zone – schweizerbauer.ch

Again debate on euro zone – schweizerbauer.ch

Online for 9 min.

The fear of many Greeks of a renewed escalation of the economic and debt crisis before the end of January elections grows. Fearing political and economic turmoil raised according to media reports in December savers and companies a total of 2.5 billion euros from their bank accounts from.

Some experts discuss open again about a possible Greek exit from the euro zone. Polls suggest an exciting campaign and a tight election result back.

Concerned citizens

The current “mini-capital flight” is unusual and only can be explained thus that the citizens are very concerned, given the early elections on January 25, reported the conservative Athens newspaper “Kathimerini” on Wednesday. The tendency to withdraw money had therefore begun in November in the amount of 200 million euros.

A run on the banks be it according to estimates by experts clearly not. However, the development show the concerns of citizens, it said in the newspaper report.

enough money in ATMs

On Monday, the director of a bank branch in Athens had suburb of Peristeri told Deutsche Presse-Agentur, you go especially in ATMs very careful: So definitely not a “bank run” is triggered, the Institute made sure that all equipment is properly stocked with cash

<. p> Recent surveys in Greece show a projection of the Left Party Coalition of the Radical Left (SYRIZA) Alexis Tsipras. This aims at a renegotiation of the Greek consolidation program and a haircut. The bourgeois New Democracy (ND) under the incumbent Prime Minister Antonis Samaras has, however, caught up in the past few days, according to pollsters. The projection of SYRIZA has shrunk by about seven percentage points in November to three or four points.

criticism of rescue policy of the ECB

The former chief economist of the European Central Bank (ECB), Jürgen Stark, expressed with regard to the elections in Greece criticism of the bailout policy of the ECB. “Greece was virtually bankrupt several times since 2010,” he said of the “Süddeutsche Zeitung”.

is again and again with new money in the Member States and the ECB’s insolvency abducted. Now showed “the still unsolved problems in the strongest.” In protest against the rescue operations of the ECB Stark 2011 was resigned. The head of the Munich-based Ifo Institute, Hans-Werner Sinn, holding a Greek exit from the euro zone worth considering. As head of government head of the left Tsipras would probably want to keep his country in the monetary union, but not at any price, meaning said the “Tagesspiegel” (Tuesday).

Thus was a “Grexit” scenario is not entirely unlikely. It would occur a then when Athens get more emergency loans or could no longer finance the capital market – Tsipras would thus return to the drachma. Tsipras had made in the past few days, his constituents on economic “terror scenarios’ attention. These will be available in the next few weeks again and again. Citizens should not be too impressed by these visions of horror, said the politician.

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