Monday, June 8, 2015

G7 summit: Merkel says time is running out for Greece deal

The G7 summit was hosted Germany this past weekend where leaders from the UK, US, France, Japan, Canada, and Italy attended. During the summit, the leaders discussed countering extremism, fighting climate-change, the war in Ukraine, and Greece's debt crisis. German Chancellor Angela Merkel stated that Greece had to make economic reforms quickly. The European Commission is asking for major reforms including tax increases and cuts in civil servants' salaries and pensions. These changes must be implemented if Greece wants to receive the bundle of bailout money. Greek Finance Minister has been quoted saying that these reforms are "borderline insulting," as well as saying that blame must not be given but all most start to work together.

Mike Bikulcius
http://www.bbc.com/news/world-33044766

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