Arab Today, arab today greek \troika\ inspectors warn bailout could fail
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Greek \'troika\' inspectors warn bailout could fail

Arab Today, arab today

Arab Today, arab today Greek \'troika\' inspectors warn bailout could fail

Berlin - Spa

Representatives of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) warned Saturday that their bailout measures for Greece could fail unless Athens introduces stricter structural reforms, according to dpa. \"Greece stands at a crossroads. It is clear that the (rescue) programme will not succeed if the authorities do not take the path that entails far stricter structural reforms than the ones we have seen so far,\" Poul Thomsen, the IMF representative of the so-called \"troika\" delegation told German newspaper Welt am Sonntag as they wrapped up their latest inspection in the Greek capital. \"It is two steps forward and one step back,\" Thomsen added. \"The Greek government understands that many of the most difficult changes still lie ahead. At the same time, there is an increase in political and social fatigue,\" said the native Dane. Thomsen\'s counterpart from the European Commission, Matthias Mors of Germany, criticized the slow pace of reform of Greek premier George Papandreou\'s government. \"The Greeks think it\'s enough to make laws. But their implementation takes time. And often the necessary structures are missing,\" Mors told Welt am Sonntag. The comments were due to be published by the paper on Sunday, hours before German Chancellor Angela Merkel was to meet French President Nicolas Sarkozy to discuss the precarious situation of eurozone banks and the crisis in Greece. Ahead of that meeting in Berlin, World Bank President Robert Zoellick fired a warning shot at Europe\'s dithering leaders, singling out Germany for criticism. \"Much in politics happens through the art of bumbling, but the economy and markets need orientation and clarity,\" Zoellick told German economic weekly Wirtschaftswoche. At a time when France was hampered by upcoming elections, Italy was in turbulence and Britain was outside the eurozone, Zoellick asked, \"Where should the solution come from?\" German tax payers \"are missing a political leadership that can tell them in which direction their Europe should even develop,\" he told the paper. \"The key question is whether people and governments in Europe want to establish a political and financial union to complement the currency union,\" Zoellick added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek \troika\ inspectors warn bailout could fail Arab Today, arab today greek \troika\ inspectors warn bailout could fail

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek \troika\ inspectors warn bailout could fail Arab Today, arab today greek \troika\ inspectors warn bailout could fail

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday