Euro zone countries divided on Greek bailout
欧元区针对希腊救助存在争议
Euro zone countries are divided, after Athens submitted a loan request to the IMF on Friday to unlock its third bailout since 2010. Germany is taking a hard stance on austerity, while other countries fear it may be insufficient to reignite Greece's economy.
Euro zone countries are still debating on whether the austerity measures would bring economic growth to Greece. While it worked in the case of Iceland and Ireland and helped these countries to regain growth, it wasn't as effective in Southern European countries.
Katseli believes the austerity measures were simply unsuitable for Greece's situation.Other experts also suggest that politics plays a big part of the negotiations. They say Euro zone countries did not want to help the left party in Greece to abolish austerity measures, as this would leave chances for the left party Podemos in Spain to rise to power.