How do you say deja vu in Greek?

How do you say deja vu in Greek?
How do you say deja vu in Greek?

But it would not be trite to say that another festering row with Greece is the last thing the euro zone needs when faced with a protectionist U.S. president, Britain leaving the European Union, and anti-euro politicians vying for power or presence in French, Dutch and German elections.

So EU officials have been urging speed in finding agreement and calmly warning of instability ahead if none is found.

"There is a common understanding that time lost in reaching an agreement will have a cost for everyone," the European commissioner responsible for the euro, Valdis Dombrovskis, told Greek news portal Euro2day.

The issue, however, is multi-layered and thus particularly complex. Part of it is about what kind of primary surplus - what is left in a surplus budget before debt obligations - Greece must reach and run for some time.

The bailout, signed by Greece and euro zone lenders, says 3.5 percent of gross domestic product (which would be by far the highest in the euro zone). The International Monetary Fund, the other major lender, says that is undoable without further Greek belt-tightening.

It says 1.5 percent of GDP and some form of debt relaxation - for example, over what is paid when - would be more realistic and sustainable.

The IMF, furthermore, says it won't participate in any bailout that it does not believe to be viable. Germany and others say that the IMF must be a part of the bailout or there is no deal.

CNBC

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