Greek government warns creditors it can’t take any more austerity

Written by on December 7, 2016 in Europe - Comments Off on Greek government warns creditors it can’t take any more austerity

Following Monday’s Eurogroup decision to grant Greece short term debt relief, the country’s government expressed its determination to fend off demands for additional austerity measures in order to conclude the ongoing bailout program review.

Athens sees the Eurogroup decision as an “important success” that will restore faith and stability in the economy, allowing it to recover. However, attention now turns to efforts to achieve an overall agreement before the end of the year – if possible – to conclude the review of the bailout program without having to implement additional austerity measures.

Government spokesman, Dimitris Tzanakopoulos, told reporters on Tuesday that the government won’t accept any new measures the concern the period after the end of the program, adding that Athens also rejects sweeping labor reforms put forth by the International Fund as one of many conditions for it to commit to the Greek program.

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(Photo: Theophilos Papadopoulos/flickr.com)

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