Greece Will Miss Today's Deadline In Submitting Draft Reforms. Many Greeks Are Angry With The New Deal

Monday, 23 February 2015





New York Times: Greece’s Leaders Face a Revolt at Home as They Try to Appease Creditors



BRUSSELS — Greek leaders scrambled on Sunday to come up with a list of proposed changes to the nation’s austerity program that would be acceptable to their creditors by a Monday deadline, even as they faced a revolt by members of their own radical-left party, angered that the government had bent to demands by Brussels.



An 11th-hour deal reached on Friday by Greece and eurozone finance ministers did nothing immediately to reduce the obligations Greece must fulfill to keep a lifeline of cash coming and avoid insolvency for the heavily indebted government.




WNU Editor:
A lot of Greeks are not happy with this deal .... 'It's treason!' Greek anger at government u-turn (CNBC). What's my take .... Greece had no choice. No one is going to lend a penny to Greece unless there are strict rules, guidelines, and commitments .... and on the top of that list is austerity.



More News On Greece's Debt Agreement With The EU



Greece Delays Awaited Reforms Until Tuesday -- WSJ

Greece to miss deadline to submit draft reforms -- The Guardian

Greece overhauling reforms, but faces dissent at home -- AP

Greece readies reform plans to first sign of leftist unrest -- Reuters

Greece races to win bailout extension -- AFP

Ten days that shook the euro; how Greece came to the brink -- Reuters

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