''..In that respect Greece and Ireland are “brothers in arms”. They both need greater flexibility in the conditions of the financial rescue arrangements that many feel to be more of a burden than a genuine rescue attempt. The risks are high if nothing changes, including unilateral insolvency or joint default.
The major difference between Greece and Ireland on the one side and other members of the eurozone is that citizens in Athens and Dublin understand the distress of what is happening to them. Their peers in Portugal, Italy, Spain and elsewhere across the continent may find out sooner rather than later what that feels like..''
Jens Bastian,
Alpha Bank Fellow for Southeast Europe, St Antony’s College, Oxford, UK''
The major difference between Greece and Ireland on the one side and other members of the eurozone is that citizens in Athens and Dublin understand the distress of what is happening to them. Their peers in Portugal, Italy, Spain and elsewhere across the continent may find out sooner rather than later what that feels like..''
Jens Bastian,
Alpha Bank Fellow for Southeast Europe, St Antony’s College, Oxford, UK''
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