Greece in Two Simultaneous Crises: Opposition Leader

Greece is facing “two simultaneous crises” on an economic and humanitarian level, the president of Greek opposition party New Democracy has told CNBC Wednesday, expressing doubt that the latest proposals by the EU and Turkey to halt the flow of migrants would work.

“On the economic front we are struggling to meet our commitments and this government seems incapable of returning the Greek economy to a sustainable growth path. And at the same time we are faced with an unprecedented crisis on the migration side,” Kyriakos Mitsotakis said.

Greece received over a million refugees and illegal migrants over the last year, he said, reiterating calls for the country’s European neighbors – many of whom have closed borders with Greece to prevent migrants from travelling to northern Europe and effectively leaving them stranded in Greece – to do more to help.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam