06:03 GMT19 January 2021
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    Alexander Stubb said that the Greek crisis could be resolved.

    MOSCOW (Sputnik) — The problems associated with the crisis in Greece could be solved, Finnish Finance Minister Alexander Stubb said Monday.

    On Sunday, over 61 percent of the Greek public voted “no” in a referendum on whether or not the country should accept its creditors' demands for spending cuts and tax increases in exchange for another financial lifeline. The vote boosted speculation about Greece’s possible exit from the Eurozone due to the country’s financial crisis.

    Poll

    Do you think Greece should exit the Eurozone?
    • Nai (Yes). Exiting the Euro would help the Greek economy
      88.1% (1544)
    • Oxi (No). It would be an economic disaster
      11.7% (204)
    Voted: 1750
    The latest round of talks between Greece and its main foreign creditors, devoted to brokering a deal to unlock badly needed next financial aid in exchange for austerity measures and painful reforms, collapsed in late June.

    Greek authorities imposed capital controls and closed the banks on June 29, allowing only a maximum withdrawal of 60-euro in cash per day.

    Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the European Central Bank (ECB), the International Monetary Fund (IMF) and some Eurozone countries.

    Topic:
    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    Tags:
    Greferendum, crisis, Greek Bailout Referendum, Alexander Stubb, Finland, Greece
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