Greek Political Scene

Re: Greek Political Scene

Postby CielOnTap on Mon Jan 15, 2018 4:03 pm

Austerity bailouts are challenging Greek residents and citizens alike with the various ways that the Greek government is cutting funds in order
to continue to receive EU help.
Greece formally ends its bailout program in August but has promised lenders at least two more years of austerity as it seeks more generous repayment terms on its loans from eurozone countries and International Monetary Fund. The country has depended on emergency loans since 2010 after it lost the ability to raise money on international bond markets.

Prime Minister Alexis Tsipras said approval of the proposed measures will bring Greece "just one step from the end of the bailout."
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