How much is the debt crisis in Greece highlighting a crisis within a crisis? International lenders clashed over how Athens can bring its debts down to a sustainable level leading fears their public spat could lead to the financial troubles flaring up again.
Commentators are asking what will happen if another country was to seek a bail out in the future.
The difference of opinion between Christine Lagarde of the IMF and Jean-Claude Juncker who chairs the Eurogroup of finance ministers over the Greek debt crisis has been described as a, “sharp exchange”.
Analysts believe if the IMF were to walk away from the bailout the eurozone would have to contribute extra funds and its reputation in the financial markets would be severely damaged. Equally, if the IMF were to back down its authority would be damaged.
It is a scenario that for the moment is conjecture but the row has brought it into focus.
- 1Snowden, Assange and Manning statues unveiled in Berlin | euronews, world news
- 2Chomsky says US is world’s biggest terrorist | euronews, the global conversation
- 3euronews live TV - News | euronews : the latest international news as video on demand
- 4Anti-ISIL demonstrations turn violent in Ethiopia | euronews, no comment
- 5Nepal: ‘equally big earthquakes coming in eastern regions,’ expert tells euronews | euronews, world news
- 6It’s a girl: Britain’s Duchess of Cambridge gives birth in London | euronews, world news
- 7How Nepal earthquake devastated Kathmandu’s UNESCO heritage | euronews, world news
- 8Chernobyl Children: what makes Ukrainians born in 1986 different? | euronews, world news
- 9International breaking news | euronews online world breaking news in video
- 10Exclusive: unrest in FYR Macedonia could hit other Balkan countries warns Serbian PM | euronews, world news
- 11International tv news | euronews: European and International tv news bulletin
- 12Andrea Ferrari: the graphene guru | euronews, science
- 13Portuguese language reform law goes global | euronews, world news
- 14Watch: France’s Jean-Marie Le Pen clashes with UKIP MEP Woolfe | euronews, world news
- 15How young translators are helping knit European culture together | euronews, generation y
- 16EU membership remains Serbia’s priority, says PM Aleksandar Vucic | euronews, the global conversation
- 17Spain: the viral soldiers fighting in Madrid and Barcelona mayoral races | euronews, world news
- 18eurovibes - a selection of Europe’s best music talent
- 19Portuguese researchers discover the secret of Mind Control | euronews, futuris
- 20Energy-generating clothes and smart lights join the Internet of Things | euronews, hi-tech
Wires > Business
- 14:42 CET British banks planning for EU ‘no’ stymied by lack of European…
- 14:20 CET Global regulators to meet in London, fix rules after rigging…
- 13:59 CET Greece to cut bank rescue fund managers’ pay by 40 percent
- 13:26 CET ECB’s Draghi urges Europe to reform to brighten dim prospects
- 13:07 CET UK referendum will not affect push for capital markets union – …
- 12:19 CET UK watchdog probes bank competition in bond, share sales
- 11:46 CET BoE’s Shafik sees ‘encouraging’ signs in UK labour market data
- 11:35 CET Misconduct bill tops $235 billion as banks struggle to shake off…