The Greek financial developments of the past few weeks have entered the centre of attention for the US media, which are extensively reporting on the financial crisis, the political turmoil and the austerity plaguing the Greek people.
“New York Times” has featured a report on Greece, repeating that the new austerity measures will only add to the deterioration of the situation in the almost defaulted Greek state. “Greece cannot survive without Europe’s money, even if it chokes on Europe’s conditions” read the report.
According to the US newspaper, the German Chancellor is the “architect” of the disastrous management of the Greek debt crisis, and subsequently, the Euro Zone crisis.
“Wall Street Journal” mentioned among others that the Greek politicians are in charge as long as the loan architects believe that a Greek default could lead Europe to disaster.
The WSJ report underlines the fact that the Greek parties still fight each other to be the first party in the country given the coming elections and that there are still willing people to loan money to Greece if the country allows them to do so.
Other US media reports highlight the harsh stance of the Troika given the failure of the Greek government to implement the austerity measures in the public sector and proceed with privatizations.
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