Saturday 10 December 2016

A durable agreement is now the only option

Published 22/06/2015 | 02:30

An anti-austerity protester waves a Greek flag during a rally in front of the parliament in Athens
An anti-austerity protester waves a Greek flag during a rally in front of the parliament in Athens
The mass failure or refusal of motorists to comply with laws requiring them to produce their licences, and the equally damning failure of the State to match penalty points with specific driving licences, means that we risk squandering the health and safety gains of recent years

Athens and Brussels have been "playing chicken" for the past five months. The livelihoods of hundreds of millions of people across the globe continue to be at risk. The suffering people of Greece are in the forefront of a chain reaction.

  • Go To

The 330-plus million people of the 19 eurozone states are next up to be impacted, along with the remaining 170 million people in the other nine EU countries which are not formally in the euro.

The potential global fallout from uncertainty and turmoil affecting 500 million people is hard to predict as this situation is utterly without precedent. But it is clear that the ramifications of a bad finish to this crisis would be felt in every corner of the interconnected world economy.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice