February 26, 2015
The month-long negotiations between the Greek government and Eurozone ended up temporarily with the adoption of a 4-month extension of the current bailout program during which the Greek government is bound to undertake a specific course of action regarding these structural reforms that will convince the creditors that Greece is ready to receive the final loan package. The evaluation of the Greek proposals is due for end April, whereas by July the government should most probably sit down to the negotiation table with the creditors to discuss the steps ahead and the progress that has been made in the Greek economy.
What Greece gained from the agreement
The Greek government did achieve to extend the period of implementation of the current bailout program without being obliged to take further austerity measures, as those described in the latest negotiations between the previous government and troika, including pension/wage cuts and increase of VAT in […]