Tuesday, February 07, 2012

EU commission is loosing patience with Greece



The representatives of the European Commission have shown the patience of a saint when it comes to matters concerning Greece. And they have often been very restrained when speaking in public. But it seems this is now coming to an end.
For months, the European Union, the European Central Bank and the International Monetary Fund, known together as the troika, have been negotiating with the Greek government concerning a second bailout. This despite the fact that Greece has yet to fully implement the conditions attached to the first bailout. In addition, there have been doubts whether all of Greece's parties even feel bound by the commitments.
Antonis Samaras, the head of the conservative New Democracy party, has been openly disputing the latest austerity measures called for by Greece's international creditors. Weekend negotiations with the party leaders in the transitional government of Prime Minister Lucas Papademos also failed to come to any agreement.

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