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LINKS
Greece is struggling this week to sell assets and reform the tax system to qualify the proposed European Union and the IMF.
Eurogroup Chairman Jean-Claude Juncker stated that Greece would lose sovereignty-related anger of the unions who opposed the austerity plan.
Juncker's comments could lead to increased anti-savings that have been roiled for months, making countries such as Greece remained trapped in the worst recession since the 1970s with the unemployment rate over 40%. percent.
On Saturday, eurozone finance ministers approved a loan of € 12 billion Greek to prevent default.
The IMF will meet on July 8 to approve 12-billion euro loan tranche, which is expected to be delivered on July 15 and allow Greece to avoid the immediate threat of debt default.
But the country still needs a second rescue package, which also is expected to total around 110 billion.
By
LINKS
Greece is struggling this week to sell assets and reform the tax system to qualify the proposed European Union and the IMF.
Eurogroup Chairman Jean-Claude Juncker stated that Greece would lose sovereignty-related anger of the unions who opposed the austerity plan.
Juncker's comments could lead to increased anti-savings that have been roiled for months, making countries such as Greece remained trapped in the worst recession since the 1970s with the unemployment rate over 40%. percent.
On Saturday, eurozone finance ministers approved a loan of € 12 billion Greek to prevent default.
The IMF will meet on July 8 to approve 12-billion euro loan tranche, which is expected to be delivered on July 15 and allow Greece to avoid the immediate threat of debt default.
But the country still needs a second rescue package, which also is expected to total around 110 billion.