Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

Greek economy progress, migrants in mire

Tuesday, March 22, 2016 - 01:42

An EU deal with Turkey may severely limit an influx of migrants to northern and central European countries. But as Grace Pascoe reports, this could place fresh strain on the budget of Greece, the frontline state that is already struggling to rebuild its public finances.

▲ Hide Transcript

View Transcript

The human cost of the migrant crisis - shown here all too graphically. This man setting himself on fire in protest at not being able to go beyond Greece. From the mire that is Idomeni, a camp for around 12,000 migrants. (SOUNDBITE) (Arabic) MIGRANT FROM LATTAKIA, SYRIA, HASSAN ABU AHMAD, SAYING "We escaped the bombings and the shelling, we left injustice - and found greater injustice here." Those who cross into Greece illegally by sea will now be returned to Turkey. At least in theory: the EU-Turkey deal reached last week is yet to stem the migrant flow. And Greek Prime Minister, Alexis Tsipras, says implementing the deal is a 'hill to climb'. He has other worries too ... A widening current account deficit - reaching 742 million euros in January - and a 24 per cent unemployment rate. (SOUNDBITE) (English) IG, MARKET ANALYST, CHRIS BEAUCHAMP, SAYING: "Greece is hanging on by its finger nails with this migrant challenge... Other European nations need to swallow their pride and say well maybe the Greeks, we know they have been the troublemakers of Europe over the last few years but they are on the frontline of this situation and we need concerted effort to take the pressure off." But there does appear to be progress on Greece's attempts to fulfil its bailout agreement, after a review creditors. (SOUNDBITE) (German) GERMAN FINANCE MINISTER, WOLFGANG SCHAEUBLE, SAYING: "The troika was unanimous with Greece and said that the review has made progress. But Greece must do a few more things." The Greek Finance Minister is now aiming to wrap up talks with lenders by mid April. Paving the way for talks on debt relief. The government no doubt hoping that that will persuade the Greek people that six years of austerity are paying off.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Greek economy progress, migrants in mire

Tuesday, March 22, 2016 - 01:42