Is the downing of MH804 the first in a series of attacks that will crash the European economy? It is not yet clear what brought the Egyptian Flight MS804 down. No Jihadist group has claimed responsibility until now. The data from the plane sent to a data center just before the crash indicates that there was smoke near the cockpit. One of the possible scenario’s is that some of the Charles De Gaulle airport staff smuggled a bomb on board of the plane. The same plot brought down the Russian plane . Charles De Gaulle already dismissed 70 staff members due to their connections with ISIS.
Greece may be about to get some debt relief, although there is still resistance to the idea. This column argues that the ECB has been providing other Eurozone countries with debt relief since early 2015 through its programme of quantitative easing. The reason given for excluding Greece from the QE programme – the ‘quality’ of its government bonds – can easily be overcome if the political will exists to do so. It is time to start treating a country struggling under the burden of immense debt in the same way as the other Eurozone countries are treated.
