Hugo Dixon: Greece’s Reform

Greece’s reform job is not even half finished. The government hasn’t done enough to root out the vested interests that strangle the economy.

Antonis Samaras | Prime Minister of Greece

Antonis Samaras | Prime Minister of Greece

On the other hand, Antonis Samaras’ coalition is so fragile that it could collapse if the troika – the European Commission, the European Central Bank and the International Monetary Fund – forces it to impose more austerity.

That could lead to a new phase in the Greek crisis. The government’s best bet is to make a sharp distinction between structural reform and austerity – and persuade its lenders that it’s so serious about the former that more cuts and taxes aren’t required.

Link to the original article:
http://blogs.reuters.com/hugo-dixon/2013/11/11/greeces-reform-job-isnt-even-half-done/

Hugo Dixon

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About the Author: Chris Kovacs

Technical Consultant, Traveller, Filmmaker & Photographer
Much like most people, I like to be all sorts of things.

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P.S.: some of articles are edited and co-written by a mysterious person called Tatjana. But I take all the credit.

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