Why we don’t need to panic about Greece

Media coverage of the talks between Greece and its Eurozone partners sounds increasingly alarming, but there is no need to run for cover. Filipa Figueira explains why we don’t need to panic about Greece.

The past few months have seen a series of make-or-break meetings between Greece and the other Eurozone countries – culminating on 24 April with a tempestuous Eurogroup meeting in Latvia. There, finance ministers allegedly accused Greek Finance Minister Yannis Varoufakis of being ‘a gambler, a time-waster and an amateur’, and blocked their ears while he was speaking to show their despair. This led Prime Minister Alexis Tsipras to reshuffle the negotiating team – Mr Varoufakis has not been fired, but was sidelined, as Deputy Foreign Minister Euclid Tsakalotos will now be heading the negotiations with the Eurogroup.

So are we approaching ‘Grexit’? Most probably not.

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