Hello Drahma!

What can make Greece leave the eurozone: the column of the editor Reuters

In the parliamentary elections in Greece, the Siriza Parliamentary elections, advocating the abandonment of the strict savings, which external creditors led by Germany, won. The party leader Alexis Tsipras during the election campaign stated that his country was ready to leave the eurozone, which led to a record drop in the value of the euro. However, according to Columnist Reuters, Hugo Dixon, most likely, will not reach.

According to Dixon, the exit of Greece from the eurozone (in the English -speaking media is called Grexit neologism) is not beneficial to Athens or their European partners. On the one hand, without the money of the EU, CPIS will never be able to fulfill the pre -election promises - to increase pensions and minimum wages, to return the work to the budget employees, at least with part of external debts. In addition, most Greeks hope to stay in the eurozone.

On the other hand, for the Eurozone itself, the output of one of the members, firstly, will become a political defeat, and, secondly, can lead to unpredictable economic consequences. Finally, a threat is created that, following the exit from the eurozone, Greece will leave the European Union and can even fall into the sphere of influence of Russia - representatives of Siriza, for example, have already addressed Vladimir Putin with a request to relieve sanctions against Greek peasants.

However, the possibility of a compromise remains quite fragile: to agree, Hugo Dixon notes, it will turn out only on condition that all parties will avoid sudden movements. Germany and other creditors will hardly want to continue to give Athens money without new guarantees of expenses. The first performances of Alexis Tsipras were quite careful, but if Siriz had to call the radical coalition, rhetoric may change.

If a compromise cannot be achieved, Greece will declare a default and introduce control over the movement of capital in order to avoid bankruptcy of banks. Then the last chance will remain - if the people can convince the government to give back. Otherwise, hello, Drahma (English.).

Reuters