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Final Nail in Euro: 'It's a programmed crisis'
- Published_at:2012-05-10
- Category:News & Politics
- Channel:RussiaToday
- tags: RT, Bill Dod, Michael Mross, final nail, Euro programmed crisis, Greece austerity, Euro, Germany, currency, Berlin, Europe, EU, eurozone, France, red zone, bailout, Greek coalition government, politics, Greek debt crisis
- description: Political parties in Greece are struggling to come up with a power-sharing coalition deal, sending the crisis-hit country into further turmoil. General elections on Sunday failed to produce an outright winner, with leading parties so far failing to form a government. Without an agreement, fresh elections would have to be held. On Thursday, Athens is due to receive 5.2 billion euros in bailout funds but several eurozone countries were reluctant to forward this money because of the political instability. As part of the bailout terms, Athens must pass 14.5 billion euros worth of austerity measures in June. But financial chaos has led to public mistrust of pro-austerity parties. For more on this, RT talks to economic analyst, Michael Mross. RT on Facebook: http://www.facebook.com/RTnews RT on Twitter: http://twitter.com/RT_com
| ranked in date | views | likes | Comments | ranked in country (#position) |
|---|---|---|---|---|
| 2012-05-13 | 14,833 | 256 | 369 |
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