Greece facing last chance, says eurozone chief Juncker
Summary:
Greece is now facing the worst problems with public finance. Now Athens must put in place economic and structural reforms. These include changes to the labor market, and the relaunching of privatisation programmes which have been promised but not enacted. Another issue with this problem is that Greece is in a danger of leaving Euro zone. However, Greece is totally opposed with it. During the week, Greece will receive its next instalment of loans worth 31.5bn euros that it needs to avoid defaulting on its vast public debts. Under the terms of the bailout agreement, Greece needs to demonstrate it can find 11.5bn euros in public spending cuts within two years in order to qualify for the money. Eurozone leaders have so far resisted any move to soften the bailout conditions, especially in Germany, where the government is under pressure not to make any more concessions.
Greece is now facing the worst problems with public finance. Now Athens must put in place economic and structural reforms. These include changes to the labor market, and the relaunching of privatisation programmes which have been promised but not enacted. Another issue with this problem is that Greece is in a danger of leaving Euro zone. However, Greece is totally opposed with it. During the week, Greece will receive its next instalment of loans worth 31.5bn euros that it needs to avoid defaulting on its vast public debts. Under the terms of the bailout agreement, Greece needs to demonstrate it can find 11.5bn euros in public spending cuts within two years in order to qualify for the money. Eurozone leaders have so far resisted any move to soften the bailout conditions, especially in Germany, where the government is under pressure not to make any more concessions.
Opinion:
Greece has been a serious issue these days. They are in danger about to be collapse and even pull out from Euro. Every country in the world is trying to support Greece for World economy. It might include changes to the labor market, and the relaunching of privatisation programmes which have been promised but not enacted. For solution, Greece will be received its next insalment of loans worth worth 31.5bn euros that it needs to avoid defaulting on its vast public debts. It is the time that Greece need to change. I also hope Greece would revive again as before so that world economy would not change instantly.
Greece has been a serious issue these days. They are in danger about to be collapse and even pull out from Euro. Every country in the world is trying to support Greece for World economy. It might include changes to the labor market, and the relaunching of privatisation programmes which have been promised but not enacted. For solution, Greece will be received its next insalment of loans worth worth 31.5bn euros that it needs to avoid defaulting on its vast public debts. It is the time that Greece need to change. I also hope Greece would revive again as before so that world economy would not change instantly.
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