Registration was successful!
Please follow the link from the email sent to

Eurozone Powers Sure to Seek Regime Change in Greece - Expert

Subscribe
Regardless of the results of Greece's upcoming referendum, the Eurozone powers have no real choice but to seek regime change in Athens, Jacob Funk Kirkegaard, senior fellow of the Peterson Institute for International Economics, deems.

According to Jacob Funk Kirkegaard, a senior fellow of the influential Washington-based Peterson Institute for International Economics, the Eurozone's new emerging strategy now "is implicitly to seek regime change in Athens."

"Only a national unity government committed to implementing the Troika program can in the short term renew the dialogue with Europe and increase the emergency lending provided by the ECB to enable the banks to reopen. It is doubtful that a unity government with Tsipras's Syriza party in it could accomplish that goal. For the Greek banks to reopen, a new government is likely to be required," the economist insisted.

Greek Prime Minister Alexis Tsipras looks on within his address to the Greek Parliament in Athens on June 5, 2015 - Sputnik International
Threats to Expel Greece From Eurozone Are a Bluff - Tsipras
About a month ago Kirkegaard pointed out that Greece cannot declare default without an approval from the IMF Board or the ECB, stressing that "the Obama administration and the IMF Board dominated by the Europeans" would most likely strongly oppose such a move.

"Instead, Greece's creditors are likely to sit back and watch political turmoil engulf Greece," the economist elaborated, stressing that both Brussels and Washington are dissatisfied with the Tsipras cabinet's "leftist rhetorical anti-austerity" and Greece's rapprochement with Russia.

The economist suggested that such a "hard line" will most likely prompt the Greek population to vote "for parties more friendly to the euro area."

Greek Prime Minister Alexis Tsipras looks at his watch as he delivers a speech during a parliamentary session in Athens, Greece in this June 28, 2015 - Sputnik International
Greece Bailout: Tsipras Accepts Most Conditions, Proposes Some Changes
According to Mr. Kirkegaard, new elections in Greece could be regarded as a step in the right direction. However, there would be a "danger" that the Tsipras-led Syriza returning to power, the expert stressed.

The expert hinted that the so-called Troika of the European Commission, the European Central Bank (ECB), and the International Monetary Fund can prevent Greece from falling into the abyss of an economic crisis, but they would not raise a finger "without a new government in Athens."

The question remains open whether the Eurozone decision-makers' political course towards Greece is a sort of political and economic blackmailing aimed at ousting of the "undesirable" leftist Syriza party.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала