February 22, 2015. The government of Greece prepares for reform measures on Sunday in an effort to secure their financial lifeline from the Eurozone. However, the effort was weakened by a party member within the Syriza party who failed to keep a promise in extracting the country from international bailout. Despite the shortfall, Prime Minister Alexis Tsipras insisted that Greece achieved success on the negotiation table when Eurozone finance ministers agreed to extend the current bailout deal for months. It's important to note that this comes after Angela Merkel rejected Greece's previous proposal regarding a bailout deal negotiation. Tsipras is adamant in his belief that the nation supports him despite giving ground to Greece's Eurozone creditors. Under this deal, Greece will still function under the terms of their existing bailout for an additional four months. With this, Greece hopes to have enough wiggle room in negotiating new lending arrangements by the summer.
Many believe that these negotiations will air out feelings of apprehension for Greece possibly leaving the Eurozone. However, not everyone on the Syriza were entirely happy with the terms of the agreement who believe that the deal spells failure for the party's campaign promises. Despite these disagreements, Tsipras will need to hold onto his public support during this time as it might turn into political gains for the Syriza.
http://america.aljazeera.com/articles/2015/2/22/greece-prepares-reform.html
- Josephine Madrawska
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment