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Five months of tough negotiations have delivered a bailout package for the Greek economy which means it can survive – for now. Now the coalition government has to introduce higher taxes and more cuts to pay for the lifeline. But questions remain whether the government will survive to deliver on the new targets it has set.
Greece’s coalition government is fighting to produce spending cuts acceptable to Europe’s Troika. But its austerity package is leading to social unrest and political confrontation with the judiciary, the police and the armed forces and support for the extreme right wing Golden Dawn.
SOCIAL unrest and political confrontati...
A wholesale restructure of the Greek economy aimed at saving 11.6 billion euros is underway. But Prime Minister Antonis Samaras is looking for European governments to support his bid to have more time to introduce reforms and savings. His demands for savings include fewer civil servants, reduced pensions and privatising state-owned companies. But these are putting...
Greece has faced weeks of uncertainty and doubts about its future in the eurozone. It faces bankruptcy and social breakdown as unemployment rockets and hospitals run out of drugs. And there is no certainty that the loose coalition government of Antonis Samaras can deliver the savings demanded by Europe’s troika in the testing times ahead.