Grexit, which is the departure of the Greeks from the euro. The fact is that Athens is running out of time. By the end of April, the Tsipras government should have brought new reforms on their way to an agreement with the euro area countries. Of which the EU wanted to make the payment of further aid (15 billion euros) dependent. Only Athens does not deliver.
On the contrary, just this week decided the Greeks 200 million euros new social spending (u a free electricity for low income earners..). Clear breach of the agreement with the troika (EU, ECB, IMF). For the Commission provides: more spending only further reforms.
In cases of dispute, the Troika representatives from Athens departed. Ice Age!
The economy shrinks in Greece, tax subside (since beginning of approx. EUR 2 billion less than expected). Until the end of April Athens has to repay 3.7 billion euros of debt. Deputy Prime Minister Dragasakis: "We run the risk to remain without money."
Since the beginning of the Greeks moved around. 20 billion euros from their bank accounts - fear before the crash!
In Berlin, is now openly talked about the euro from Athens. Even Finance Minister Schäuble would have it now arrive at a Grexit, they say. Union Group Vice Hans-Peter Friedrich (58, CSU) told BILD: "We come to a little over Grexit. But rather an end with horror than a horror without end. "
The Grexit - it becomes more likely!
Third aid package
Billions more commitments need the Greeks, when they want to stay in the euro.
But a third aid package is controversial: The EU urges reforms in return for new loans. Greece's government refuses.
Euro leaders, representatives of the ECB and the IMF are therefore increasingly dissatisfied with Greece's lack of reform efforts. Even European Commission President Juncker (60) supported by Greece, new government is long, sour, "I am not satisfied with the progress."
And: Euro-countries such as Spain, Portugal, Italy themselves are under pressure to explain to citizens why more money to flow to Athens. Spain had to pay 26 billion euros for Athens despite massive austerity programs in their own country. That's as much as for the entire unemployment in the year.
Also in the Bundestag resistance is growing. 128 Members of the Union gave at the last Greeks vote personal declarations. Tenor: serious concerns, no further concessions to Greece! CDU Europe expert Gunther Krichbaum (50) faces IMAGE clear: "Only when the Greek parliament approves a mandatory savings and Reform list, additional help would be conceivable at all."
The third aid package - now increasingly unlikely!
Conclusion
Finance Minister Schäuble made internally clear: blackmail of Athens is the end of the euro and not to do with it! If Tsipras government maintains its austerity and reform refusal leads to the Euro-off there is no way