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2015: 'Grexit' reloaded?

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2015: 'Grexit' reloaded?


Another year and yet more speculation about Greece’s future in the eurozone.

Germany’s Der Speigel magazine reported last week that Chancellor Angela Merkel is now willing to accept a Greek exit.

That report has since been denied by the German government.

Officials in Brussels suggested EU treaties make it complicated for Athens to leave.

A spokeswoman said that eurozone membership is “irrevocable”.

Forthcoming elections and a possible victory for anti-austerity party Syriza could complicate matters further.

Alexis Tspiras, the leader of the leftist party, wants to renegotiate the tough bailout conditions struck by previous prime ministers.

He wants debt relief and a rolling back of the deep cuts.

But economists say austerity has failed to fix the country’s ailing economy, pointing to falling living standards and a drop in wages.

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