Greece asks for more time to make savings and reforms

The Greek black economy is costing 40 billion euros a year (photo:dpa)
The Greek black economy is costing 40 billion euros a year (photo:dpa)

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 the newly-formed coalition government under real strain as each of the partners fears a public backlash as they break pre-election promises.

GREEK Prime Minister Antonis Samaras is making a last-ditch effort to get more time for Greece to complete its savings packages and reforms.

He made a dramatic appeal to h...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment