Saturday, February 21, 2015

Compromise to save Greece – Göteborgs-Posten

Compromise to save Greece – Göteborgs-Posten

The Greek government got its extended emergency loans but now being squeezed by a counterclaim which will be presented already on Monday.

There is a bit of Russian roulette in which both sides are very depressed, says SEB’s Chief Economist Robert Bergqvist.

The content of the reforms to be presented after the weekend teach according Bergqvist be informed of how holes in the tax system will become clogged and a demonstrated willingness to stick to privatization. And despite a harsh rhetoric from Germany, he believes that there is a great desire to help Greece and reduce the risks of the country leaving the single currency.

Occurs” Grexit “so they must be rescued financially anyway, he said.

Can give smittoffekt

In addition, can a Greek exit get contagion where other heavily indebted countries may choose to go the same way. The worst out there are Cyprus, but also Portugal, Ireland and Spain have large loans.

Individual countries may see it as a tool to leave and thus obtain a weaker currency, he said.

A weaker currency would, for example, improve the export potential of the country.

According to Robert Bergqvist requires Europe United States of having a fully developed economically police drastically cooperation to achieve a stable euro. Wealthy Germany would then act antithesis against other bleeding economies.



Election promises must be disappointed

But instead they grow populist parties in Europe that requires economic and political independence . A situation that both Bergqvist and Anna Felländer, chief economist at Swedbank, seeing as deeply disturbing.

Greece must attend feet and reduce unemployment. When not working old pointers. Lenders need to see the situation with fresh eyes, says Anna Felländer.

She believes that Greece went into partnership with a steeper uphill and that now there is also no inflation can eat up the debts.

SYRIZA going to have to disappoint some of his campaign promises and the euro zone must also meet some greece demands, she says .

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