The Greece problem of long delay difficult decisions
 
Although Greece has clearly "persistent" in the European debt crisis, but unfortunately, the parties of the "persistent" still helpless. Recently, there have been economists called for international lenders can be spared in the Greek problem, relaxation of the Greek deficit reduction requirements, or to extend the time limit of complete austerity plan in Greece. However, as of now, within Europe is still not unified on this issue. "For Germany, the sovereign debt crisis may not be 'bottomless pit'." German Finance Minister Wolfgang Schaeuble said on the 18th, limited aid to Greece, and Greece should not expect to get a new round of assistance programs . Earlier German Chancellor Angela Merkel's tough stance on the issue in Greece, Merkel earlier signaled conditional support of the European Central Bank to solve the problem of higher bond yields of indebted countries. However, the following day, Juncker gave the Greek problem cheer, said unless the Greek "completely refused" to fulfill the goal of any reform, otherwise Greece will not leave the euro zone.
 
"Greek problem has dragged on for a long time, any further delay will only make the problem more complicated, much more difficult." Side Weihong said, the view from the data published in mid-August, the euro area and the EU economy in the first quarter after zero growth in the second quarter declined; This year, the annual economic downturn in Europe range may also further expand. In addition, although the core countries in the euro area, Germany and France to avoid the economic downturn, but the outlook is not optimistic, Eurozone unemployment rate is also a new high. Greece To make matters worse, in addition to Greece five years of sustained economic recession, Greece's unemployment rate is also above 20%, and With austerity measures depth step by step, the Greek social and political discontent is also rising. "In this context, even if Europe's leaders are able to extend the time limit to complete the austerity measures in Greece or to re-introduce a two upgrades relief measures, and may not be able to 'cure' the Greek 'disease' root, future solution will is a long-term process. "the side Weihong says.



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