And the consensus amongst the general public is that the eurozone will not follow through on its threats to kick Greece out, giving them the best of both worlds.
In the recent May elections, Greece failed to elect a new government, whilst left wing party, Syriza, who oppose the bail out deal, saw a surge in their popularity. With the parties unable to agree on the way forward, it has been impossible to form a coalition and the country must now go back to the polls in June.
The eurozone has warned Greece that if it elects a government which fails to keep its promises, there will be no more aid provided. Without money from the bailout deal, Greece will run out of cash before the end of June, effectively sending the country into bankruptcy.
But despite the repeated warnings from Angela Merkel and co, that Greece will have to reinstate the drachma if they do not comply, a survey has revealed that many people in the country do not believe the EU are serious.
More than three quarters said they wanted to stay in the euro but two out of three respondents said they were opposed to the austerity measures.
Many of those polled said the action being threatened by the EU was nothing more than ‘empty threats’ and that they lacked the authority to kick Greece out of the euro. Sentiment has continued to be whipped up by the leader of Syriza, Alexis Tsipras, who has scoffed at the idea Greece could be forced out of the single currency and has claimed that providing the country was managed properly, there is plenty of money to go round.
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