IMF reminds new Greek cabinet of difficult task ahead

Written by on June 11, 2014 in Europe - Comments Off on IMF reminds new Greek cabinet of difficult task ahead

The new members of the Greek government were sworn in on June 10 following a reshuffle announced by Greek Prime Minister Antonis Samaras on Monday. The ceremony coincided with the release of the International Monetary Fund’s report on the country’s adjustment programme.

This is the first IMF report since the end of July 2013 and comes 40 days after the European Commission (EC) published its own review report on April 25.

After hearing the Prime Minister call for non-stop hard work round the clock, the new ministers read the IMF report which outlines the uphill battle the Greek government faces if it is to avoid implementing fresh austerity measures in 2015 and 2016.

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(IMF headquarters building at 1900 Pennsylvania Avenue in Washington, DC. Photo: AgnosticPreachersKid/Wikimedia Commons)

 

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