Eurozone braces for Greek election

Eurozone braces for Greek election

Press quote (Voice of America)
Simon Tilford
15 June 2012

However, other economists, such as Simon Tilford of the CER, say Greece is heading for the exit regardless of the election's outcome. "I struggle to see how Greece can stay within the eurozone. I think for that to happen, the country would need ongoing support ... I don't just mean loans, but ongoing transfers of money from elsewhere within the eurozone." ... Economist Tilford says European governments have low expectations. "Although they know that no Greek government is really going to be able to abide by the terms of the bailout, because the bailout places unrealistic demands on Greece, they hope that by at least having a committed government there, they will be able to buy some time and that the pressure on Spain and Italy will dissipate."