Friday May 22, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
The penny drops

The representatives of the European Commission, European Central Bank and International Monetary Fund in charge of supervising the Greek program have finally realized that there is absolutely no leeway for additional fiscal measures.

Greeks simply donít have the money to pay for new or higher taxes. Moreover, no other country has had to make such a large and rapid adjustment as Greece. The only way to move forward from here in order to ensure that the economy gets back on track is to press ahead with structural changes that will bring down prices and open up protected sectors to competition.

Prime Minister Antonis Samaras believes in these changes and has ministers who are ready to make sure that they happen. That said, there are, as always, those who are too afraid of the political cost of shaking things up and prefer everything to remain the same.

ekathimerini.com , Saturday March 1, 2014 (17:42)  
Consensus is key
The other inequality: how the state spends our money
Reform not stimulus is way out for Greece
A catalyst for change
Greece sees reforms deal with lenders in next 10 days, spokesman says
Greece expects to reach a cash-for-reforms deal with its creditors in the next 10 days and intends to meet all its payments in June, the government's spokesman said on Friday. "We think cond...
Merkel stamps out brief optimism on Greece after Tsipras talks
German Chancellor Angela Merkel said that greater efforts are needed to unlock bailout funds for Greece after late-night negotiations with Greek Prime Minister Alexis Tsipras failed to yield...
Inside News
Banks will be asked to revise their restructuring plans
The European Commissionís Directorate-General for Competition is to ask Greek banks to revise their restructuring plans in light of the rapid deterioration of financial conditions in the cou...
INTERVIEW
Lessons from Israelís tech miracle
The crisis can serve as an opportunity for the development of entrepreneurship in Greece, insists Nava Swersky, founder and president of Nano-Israel and advisor to the Israeli government, as...
Inside Business
SOCCER
Four-goal Panathinaikos thrashes Asteras away
Panathinaikos thrashed Asteras at Tripoli to gain an early advantage in the race for a spot in next seasonís Champions League qualifiers, as the Super League play-offs got under way on Wedne...
SOCCER
Greek Cup TV rights up in the air
The Appeals Court upheld listed Forthnetís case against the allocation of the Greek TV rights for the Greek soccer cup in the 2013-2016 period to a Cypriot company that later resold them to ...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Greece sees reforms deal with lenders in next 10 days, spokesman says
2. Merkel stamps out brief optimism on Greece after Tsipras talks
3. Banks will be asked to revise their restructuring plans
4. Lessons from Israelís tech miracle
5. EOPYY struggles for funding, sees overdue debt rise
6. Negotiations drag as Tsipras seeks political support at Riga meeting
more news
Today
This Week
1. EOPYY struggles for funding, sees overdue debt rise
2. Lessons from Israelís tech miracle
3. Banks will be asked to revise their restructuring plans
4. Merkel stamps out brief optimism on Greece after Tsipras talks
5. Consensus is key
6. Greece sees reforms deal with lenders in next 10 days, spokesman says
Today
This Week
1. The Greek-German breakthrough that didnít come
2. Phony dilemma
3. Greece came close to not paying IMF
4. Conspiracy madness
5. National self-awareness put to the test
6. Albanian demarche raises concerns about possible territorial claims over Greece
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.