T he Greek economy – already teetering on the brink – has taken another turn for the worse. That’s the verdict coming from IMF officials. Austerity inspectors visited the country to check whether it’s meeting the conditions set up by international creditors. If the demands aren’t fulfilled, Greece won’t get a second lifeline of one hundred and thirty billion euros.
And another debt-ridden Eurozone economy – Italy – is undergoing a further round of belt-tightening, as its lower house of Parliament is about to vote for more austerity measures. Nigel Farage, MEP and leader of the UK independence party, says the hands of Eurozone strugglers are tied while they are trapped within the bloc.