Monday 25 September 2017

Adrian Hamilton: Greece still a fly in the EU ointment as consensus proves elusive

Adrian Hamilton

Europe is preparing for Greece to leave the eurozone but it doesn't want it to do it. That is the central dichotomy of the summit which ended in Brussels in the early hours of yesterday.

All the pressure put on Germany to change its stance has had the opposite effect. If Germany is to change, if Greece is to be kept in the euro, it is going to have to be through a Europe-wide consensus which will enable Germany to adjust its position and Greece's partners to moderate theirs.

On that score, there's still room for hope, or, at any rate, manoeuvre. One thing that did come out of Europe was that, with Francois Hollande, we have a French leader who is clearly determined to push a growth agenda.

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