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Added on the 31/07/2018 07:49:00 - Copyright : Euronews EN
Avaaz activists dressed as animals and trees flocked to the 2022 IMF Spring Meetings to demand that biodiversity criteria be included in the new Resilience and Sustainability Trust (RST) on Thursday, April 21, in Washington D.C.
James Galbraith is one of the world's leading economists. During the height of the Greek crisis he spent months travelling in between Austin and Athens, working closely with then-finance minister Yanis Varofakis. His latest book ‘Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe’, will be published in June. While many analysts are convinced we won’t see a Greek crisis this summer, our guest says that the way things stand today, a Greek default is inevitable.
The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a commitment from the IMF finally to return to taking part in the bailout for Athens.
The eurozone needs the IMF on board in Greece's massive bailout despite deep divisions over debt relief, says Eurogroup head Jeroen Dijsselbloem.
Bitter protests broke out over the weekend in Greece against harsh new tax and pension reform preceding a vote in parliament that's aimed at preempting reform demands that are part of a standoff with creditors on debt relief. All sides have known for a long time that Greece can't pay back the sums borrowed first by the banks then by fellow states and the IMF. What's a fair deal for all sides? What's changed in nine years? Does Greece see light at the end of the tunnel?
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