GREXIT? Greece on the brink of financial disaster & could spark ‘EU RUPTURE’, experts warn
A ‘GREXIT’ could be on the cards as Greece teeters once again on the brink of financial crisis.
By HARRY WALKER
Express.co.uk
Sat, Feb 4, 2017
The debt-ridden EU state faces a critical few weeks as pressures rise from the US and Germany for it to meet the conditions agreed in Greece’s bailout package almost seven years ago.
Negotiations between Athens and its creditors have come to a standstill, with bond yields skyrocketing.
The yield on two-year Greek government bonds has risen from six per cent to 10 per cent in less than two weeks – and nervous investors have started selling up in anticipation of another disaster.
The country’s beleaguered prime minister, Alexis Tsipras, of the left-wing Syriza party, was expected to raise the concerns with German chancellor Angela Merkel and other EU leaders in Malta on Friday.
And analysts have already begun to sound alarms of impending doom.
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