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Close-up of euro coin. IMF chief economist: 'The numbers [for Greece] are not good' (Photo: alles-schumpf)

Confidence ebbs in Greece's ability to stay in euro

Experts in Germany and the Czech Republic are losing faith that Greece will be able to stay in the single currency despite its multi-billion bail-outs.

The negative feeling was voiced in two newspaper interviews over the weekend.

Clemens Fuest, an Oxford University economist and an advisor to German finance minister Wolfgang Schauble, told Greek newspaper To Vima on Sunday (8 January) that private bondholders will have to write off more than the 50 percent of Greek debt agreed at ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Close-up of euro coin. IMF chief economist: 'The numbers [for Greece] are not good' (Photo: alles-schumpf)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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