Monday, May. 21, 2012 |
Greece prays EU summit will mark turning point in its economic woes
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Guardian:
Tourists visit the Parthenon atop Athens's Acropolis hill where the crisis broke out nearly two years ago.
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Fears remain that nation will be branded a serial defaulter and shunned by investors for years
All eyes in Greece were firmly fixed on Brussels on Wednesday as the latest push by EU leaders to rescue Athens's debt-laden economy was met with a mixture of optimism, unease and despair.
The nation at the centre of Europe's worst crisis since the second world war was in defensive mood on a day widely seen as defining the future of the country.
"Greece is fighting a war of survival in Brussels," declared the mass-selling Ta Nea newspaper in a front-page editorial. "In this battle there are no enemies. There are partners and friends with whom [we are] not at war but in negotiation. If these negotiations do not go well, the result will be catastrophic."
Almost two years after the crisis broke out beneath the Acropolis – following revelations by the then newly installed government that national debt and deficit figures were at least three times higher than previously claimed – there is hope that the EU talks could mark a turning point in the saga.
Read the whole story: Guardian
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