After Eurozone finance ministers failed to agree on the latest Greek proposal to avoid default, German Chancellor Angela Merkel said Germany was prepared to compromise. Ireland’s finance minister went further. CCTV’s Lourda Sexton reported this story from Dublin.
Ireland’s Finance Minister, Michael Noonan, suggested specific ways the Eurozone could help Greece meet its debt obligations by altering Greece’s bailout agreement to make it more affordable and giving the country more time to pay back the debt.
Ireland's Finance Minister offers compromise to Greece debt negotiationsAfter Eurozone finance ministers failed to agree on the latest Greek proposal to avoid default, German Chancellor Angela Merkel said Germany was prepared to compromise. Ireland’s finance minister went further. CCTV’s Lourda Sexton reported this story from Dublin.
While Greece’s new anti-austerity government wants out of its bailout agreement entirely, Noonan suggests that the Eurozone could reduce the interest rate in the agreement, but only if Greece sticks to the original bailout terms.
“They have to look at the people who pay taxes in Greece, I mean we hear from papers that a lot of people don’t pay taxes there or that they avoid it and people clock into work and don’t go to work. Maybe they should have a look at themselves first before anybody else,” an Irish citizen, who didn’t give his name, said.
There is growing disdain for austerity in Dublin and protests are becoming commonplace.
Paul Murphy is behind the anti-austerity movement in Ireland and he says many people support the Syriza government.
“Even if the democratic wishes of the Greek people are not respected which I think is the most likely outcome, I think that will also promote outrage by people, that this European Union that is being constructed has being a Europe created for interest of millionaires as opposed to the millions and that is fundamentally undemocratic,” Paul Murphy, Anti-Austerity Alliance said.
People in Dublin are watching what’s happening in Greece very carefully.
While Ireland is seen as the poster child of Europe with the fastest growth in the Eurozone last year, there is another side to the story with unemployment still as high as 10.5 percent.
Mario Seccareccia of Univ. of Ottawa discusses EU leaders summitCCTV America interviewed Professor of Economics at the University of Ottawa Mario Seccareccia. He discussed the negotiations lag and the countries that are watching the Greece debt talks as they develop.