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Close-up of euro coin. IMF chief economist: 'The numbers [for Greece] are not good' (Photo: alles-schumpf)

Confidence ebbs in Greece's ability to stay in euro

Experts in Germany and the Czech Republic are losing faith that Greece will be able to stay in the single currency despite its multi-billion bail-outs.

The negative feeling was voiced in two newspaper interviews over the weekend.

Clemens Fuest, an Oxford University economist and an advisor to German finance minister Wolfgang Schauble, told Greek newspaper To Vima on Sunday (8 January) that private bondholders will have to write off more than the 50 percent of Greek debt agreed at ...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Close-up of euro coin. IMF chief economist: 'The numbers [for Greece] are not good' (Photo: alles-schumpf)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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