FAZ: And third stimulus package in Greece

FAZ: And third stimulus package in Greece

 

By Spiros Sideris – Athens

Greece is in need for a third aid package, albeit with another name, according to the German newspaper «Frankfurter Allgemeine Zeitung», which details Juncker’s visit to Greece.

As «Frankfurter Allgemeine Zeitung» states, Juncker, who as chairman of the Eurogroup managed to save Greece from bankruptcy, at least temporarily, brought in his baggage what all foreign politicians who visit Greece bring: praise for the hitherto reforms, but also warnings that the era of deprivation is not over.

“The Samaras government hopes to get a third aid package from its lenders, but with have another name. The assistance will be hidden behind euphemisms, type ‘extension of the repayment of billions received from the eurozone countries and the reduction of interest rates’. Most economists agree that Greece, without a third package, regardless its name, will not be able to balance its budget in the long-term”, highlights the newspaper.