Hint, Hint

by Andrew Stuttaford

This piece from the Daily Telegraph reminded me of hanging round at a party when the host starts clearing up the glasses, doing the washing up, turning off the music, that sort of thing:

Otmar Issing, a former European Central Bank chief economist, warned that the eurozone could be heading towards fracture in a book called How we save the euro and strengthen Europe published this week .

“Everything speaks in favour of saving the euro area. How many countries will be able to be part of it in the long term remains to be seen,” said Mr Issing in the book, which is written as a conversation between an economist and a journalist.

At no point did he explicitly refer to Greece, but the debt-stricken country has been hovering perilously close to default and an exit from the eurozone as it makes harsh spending cuts and tax hikes to appease the EU and ECB after receiving billions in bail-out payments . . .

And so did this:

Earlier this week Jean-Claude Juncker, the leader of the eurozone finance ministers’ group, also said the world could cope with Greece leaving the eurozone — but that it still holds dangers.

But will Greece take the hint?

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