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Read Gavin's thoughts in full
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Read Gavin's thoughts in full

Views:0     Author:Site Editor     Publish Time: 2019-06-02      Origin:Site

European Union finance ministers are due to discuss their decision on the bailout package at a meeting on Wednesday.

Athens has been criticised for failing to implement many of the pledges it made in the first round of austerity measures, prompting concern from some EU politicians that the cuts might not be put into effect.

German Chancellor Angela Merkel hailed the vote as a "very important step" on the road to Greek stability, but insisted there "would not and cannot be any changes" to the austerity programme.

Mr Rehn meanwhile said the EU continued to stand by the Greek people, and insisted that the reforms were needed to ensure future economic growth.

"The Greek authorities and political forces should now take full ownership and make the case for the second programme and fully implement it in order to return the country to stable economic growth and job creation," he said.

The EU has been the target of much anger among Greeks, who see the reforms as piling unnecessary hardship on ordinary people.


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