To date, out of Greece from the euro area can be managed, but he got the status of an extremely expensive, leading to higher unemployment. This was announced by the ECB Joerg Asmussen. He also stressed that Greece should remain in the eurozone, thereby maintaining their membership. But if the Greeks leave the monetary union, the output will not work without the economic turmoil that would not be limited only Balkan country.
The current week will be very important for Greece, as she again applied for a tranche of financial aid from the EU. This meeting will be held Friday, Antonis Samaras with Angela Merkel, and here on Saturday with François Ollanldom (President of France).
Last week, Athens took four billion euros in the open market. But the funds could be obtained only at high rates - 4.43%.
In September, the EU and the IMF prepared a report on compliance by Greece austerity measures that are a condition for foreign aid. In Germany, policymakers at all decided to freeze the support of Greece, in the event that the country will break the previous agreement.
If a tranche of the EU will not be received in time for winter, then Greece will undergo a default, because the money to pay all the debts of the country does not. But on the other hand, the full implementation of all cost-saving measures will only worsen the economic situation in Greece.