Tuesday, February 3, 2015

Dispute with Greece, risk to the economy: Osborne – The Economist

Dispute with Greece, risk to the economy: Osborne – The Economist

Although Britain is not part of the euro zone, Varoufakis tried to achieve good relationship with Osborne by talking face to face. The British government said it is in favor of continuity and that Greece must meet the requirements of rescue.

George Osborne, British finance minister, He warned that the confrontation between Greece and the countries forming the euro area, the rescue of the Greek nation, a threat to world economy and asked the new government in Athens to act responsibly.

The minister said his conversation with Yanis Varoufakis, new Greek Finance Minister, was “constructive” but warned that now “it is time to choose competition over chaos.” He also urged eurozone countries which have a better plan for growth and job creation in Greece.

“It is clear that the confrontation between Greece and the euro area is fast becoming a risk for global and growing threat to our economy economy, “Osborne said.

Although Britain is not part of the euro zone, Varoufakis tried to achieve good relationship with Osborne by talking face to face. The British government said it is in favor of continuity and that Greece must meet the requirements of rescue.

Meanwhile, the new Prime Minister Alexis Tsipras used a more conciliatory tone. He rejected what he called “scaremongering” about the position of his government in ransom negotiations and added that while Greek citizens expect to conduct complicated negotiations with lenders in the euro area, they will be conducted “in a European context”.

Tsipras said surprised that many “powerful European forces” support the objective of his government to implement policies aimed at promoting economic growth and not just debt reduction.

“Europe needs a break and it certainly should be done through mutual understanding and common action”, said Tsipras. “However, there is no need to keep pushing these economies and should guide us to drive growth.”

LikeTweet

No comments:

Post a Comment