Eurozone is Facing Dark Times – German Media

SputnikNews.com
06.07.2015

Many economists expect long-lasting turmoil in the Eurozone. The risk of a Grexit has considerably increased and the parties are unlikely to move towards a new compromise, DWN wrote.

European experts have little positive to say about the current development of events in Greece. Many of them forecast dark times for the country and for the Eurozone in general.

According to Holger Schmieding from Berenberg Bank, the risk of a Grexit has considerably increased after the referendum. The chances for a compromise between the Greek government and international creditors are low.

“[It] is hardly possible to work out a new package that will be approved both by creditors and the people,” the economist said.

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