Under pressure from international creditors, Greece has scrapped a plan offering tax cheats incentives to pay what they owe.
Having rammed more austerity through Parliament, Prime Minister Alexis Tsipras is getting ready to prepare more for beleaguered Greeks.
Greece’s European creditors have sent a plan to Eurozone finance chiefs seeking “additional austerity steps” if fiscal targets aren’t met.
Prime Minister Alexis Tsipras said more austerity measures he said before had destroyed the lives of Greeks now won’t hurt them.
Greek lawmakers on May 8 were in the final debate over more crushing austerity measures being pushed by Prime Minister and Radical Left SYRIZA leader Alexis Tsipras, almost completing a complete retreat from his vows to overturn the brutal conditions ordered by international lenders.
International bailouts to save the Greek economy – which came with punishing austerity – have been used to pay European Union banks, with only 5 percent of 220 billion euros going to state coffers to help a beleaguered society, a German study has found.
Greece isn’t just broken. It’s broke. Six years and 326 billion euros in three bailouts later, the economy is worse, with debt hovering around 175 percent of GDP.
Hoping to reach a reform and bailout money release deal with international creditors, Prime Minister Alexis Tsipras held meetings with his ministers.
With his wobbly under coalition under pressure by international creditors to impose more austerity, Greek Prime Minister Alexis Tsipras has blamed the country’s media for unfairly pressing him in a bid to oust him.
More and more it’s looking like Greece’s international lenders want to break the will of SYRIZA and the Left with more tough austerity measures.