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Greek Debt Worries Send Europe ETFs On Late-Day Slide
Coming Tomorrow ECB cancels soft treatment of Greek debt in warning to Athens BY JOHN O'DONNELL AND JAN STRUPCZEWSKI FRANKFURT/BRUSSELS Wed Feb 4, 2015 7:18pm EST However a document prepared by Germany for a meeting of EU finance officials on Thursday made clear Berlin want Athens to go back on promises to raise the minimum wage, halt unpopular sales of national assets, rehire fired public sector workers and reinstate a Christmas bonus for poor pensioners.
"The Eurogroup needs a clear and front-loaded commitment by Greece to ensure full implementation of key reform measures necessary to keep the program on track," the document, seen by Reuters, said in reference to euro zone finance ministers.
"The aim is the perpetuation of the agreed reform agenda (no roll back of measures), covering major areas as the revenue administration, taxation, public financial management, privatization, public administration, health care, pensions, social welfare, education and the fight against corruption."
The new Greek leaders have had a cool reception even in left-leaning countries such as France and Italy which Athens had hoped would support its case for debt relief.
French President Francois Hollande said the euro zone's rules applied to everyone.
Comments
ECB cancels soft treatment of Greek debt in warning to Athens
BY JOHN O'DONNELL AND JAN STRUPCZEWSKI
FRANKFURT/BRUSSELS Wed Feb 4, 2015 7:18pm EST
However a document prepared by Germany for a meeting of EU finance officials on Thursday made clear Berlin want Athens to go back on promises to raise the minimum wage, halt unpopular sales of national assets, rehire fired public sector workers and reinstate a Christmas bonus for poor pensioners.
"The Eurogroup needs a clear and front-loaded commitment by Greece to ensure full implementation of key reform measures necessary to keep the program on track," the document, seen by Reuters, said in reference to euro zone finance ministers.
"The aim is the perpetuation of the agreed reform agenda (no roll back of measures), covering major areas as the revenue administration, taxation, public financial management, privatization, public administration, health care, pensions, social welfare, education and the fight against corruption."
The new Greek leaders have had a cool reception even in left-leaning countries such as France and Italy which Athens had hoped would support its case for debt relief.
French President Francois Hollande said the euro zone's rules applied to everyone.
http://www.reuters.com/article/2015/02/05/us-eurozone-greece-idUSKBN0L81FH20150205
Thank you.
Regards,
Catch
http://foreignpolicy.com/2015/02/03/welcome-to-the-backlash-era-europe-podemos-syriza-elections/
Similar and related reporting, with a bit of added data.
We've (here) discussed some of this too many times over the past few years, regarding Greece and the related complex Eurozone structure.
A Guide to the debt standoff between Greece and the Eurozone.