This unity were Greece and the other euro countries can have ten days ago: Even with the new government under the left “SYRIZA” party Greece has the old rescue program continues – only once more for four months. The money will be paid only if the land reform itself. On Monday, Greece presents its new reform list. All good? At first sight already.
Author: Patrick Bernau, born in 1981, the editor in charge of Economics Online. Follow:
Wordy asserts Greece Finance Minister Yannis Varoufakis that his country will offer proper reforms on Monday. “We will work day and night,” he says. He always wanted to talk to the “institutions” that are to control the reforms. And he says: “If the institutions do not like our reforms on Monday, then we have a problem. Then the deal is dead. “
But Varoufakis not only tells the same time he announced that his government wants to raise the minimum wage -. Because the prices are so high in the country. Here are the very high prices of Greece problem. The economy is still not really competitive. Perhaps could privatizations make the country more efficient, but also it still wants to stop something the government.
Varoufakis could overextend his favor unification. When it comes to the state budget in the coming years, he sees the text “constructive ambiguity”. This is not unusual in the EU. But usually it is safer in the EU that the partner does not provide the basic consensus perfect in question.
Now it’s about trust. In speaking Euro Group CEO Jeroen Dijsselbloem as Giannis Varoufakis. If you believe the two, then the confidence that Friday has grown very quickly in Brussels.
The fir st test will come on Monday. Then, the plans must be substantiated. Then the rest of Europe will be interesting. And then already comes soon the second test: whether the written down plans be implemented in practice
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On Monday it comes to
From Patrick Bernau
Greece and the euro group have reached an agreement. They would also be able to have ten days ago. But if all this is a success?
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