Germany has ramped-up pressure on Greece to leave the European Union (EU) as the debt-ridden country attempts to claw itself back from the depths of financial ruin.

 

1

 

A ‘Grexit’ could be on the cards as Greece once again teeters on the edge of a financial crisis following pressure from Germany for it to meet the conditions agreed in its bailout package. 

 

Greek prime minister Alexis Tsipiras is in a race against time to prove to the Brussels club that he is capable of turning the country’s capital markets to profit while keeping to his commitments on €86billion in loans.

 

But leader of the Free Democratic Party of Germany, Christian Lindner is not convinced the stricken Mediterranean country could turn its economy around.

 

Germany is Greece’s biggest eurozone creditor and wants to claw back all the money it lent to stop Athens collapsing into bankruptcy amid the financial crisis. 

 

But fellow creditor the International Monetary Fund (IMF) this week admitted Athens’ debt load is unsustainable.

 

The IMF has said it will not take part in the next part of he bailout programme if debt reduction plans are not credible.

 

The stricken Mediterranean country remains the biggest threat to the future of the European Union despite seven years of gruelling recession and austerity imposed from Berlin and Brussels. 

 

Greece’s crumbling position has raised fears that the country could still collapse, dragging the Euro currency down with it. 

 

And now two years after he pledged to end “austerity” and fight back against “humiliation and suffering” Greek leader Mr Tspiras has failed to live up to his pledges.