Greek debt: from a shared responsibility to shared efforts

Carole ULMER Director of Studies, Confrontations Europe [vc_btn title= »Télécharger l’article » style= »outline » color= »blue » align= »right » i_icon_fontawesome= »fa fa-file-pdf-o » add_icon= »true » link= »url:http%3A%2F%2Fprod.confrontations.org%2Fwp-content%2Fuploads%2F2016%2F03%2FInterface-confrontations-EN-99-P1.pdf||target:%20_blank »] Html code here! Replace this with any non empty text and that's it. A four-month extension to the Greek aid programme was agreed on 24 February. A short respite, but the hardest part is yet to come. The Syriza government must substantiate its programme of reforms. The Greeks voted for Syriza because it promised change, but they have withdrawn around €2 billion from their bank accounts! They are deeply confused. Could Grexit be the best option for them? Valery Giscard d’Estaing believes it is the only way to get the Greek economy back on its feet. However, it is not what Syriza wants right now. It wants to renegotiate the terms of the bailout agreement. There is no doubt that Grexit would be brutal. What would the consequences be? Greece would default on