Greece’s Syriza govt could pose greater risk to global economy than Middle East conflict – Osborne

Published time: February 02, 2015 18:26

Get short URL

Greek Finance Minister Yanis Varoufakis (L) shakes hands with Britain's Chancellor of the Exchequer, George Osborne, as he leaves after their meeting at Downing Street in London February 2, 2015. (Reuters/Peter Nicholls)

4

Tags
Austerity, EU, Economy, Europe, Finance, Global economy, Government Spending, Investment, USA

Greece’s standoff with Eurozone governments and international creditors poses a greater threat to the global economy than conflict in the Middle East, climate change and rising tensions between Russia and the West, UK Chancellor George Osborne says.
After a meeting with Greece’s new finance minister, Yanis Varoufakis, Osborne implored Greece and the Eurozone’s 18 other states to act “responsibly” as the newly elected Greek government attempts to renegotiate the country’s €240 billion (£180 billion) bailout program.
Since coming to power in late January, the largely leftist Syriza government’s challenge to the austerity diktats of EU policy makers has been made clear.