Time is running out for Greece
No deal, so let’s see who wants to take the consequences? ANTI austerity movements will just intensify over the coming weeks. Kathimerini reports;
Following the failure on Friday of Greece’s party leaders to agree on a common strategy to overcome the country’s economic crisis, the European Commission warned that “time is running out” for Athens to adopt a program to overcome its mounting debt problems.
Brussels “regrets the failure of Greek party leaders to reach consensus on economic adjustment to overcome the current debt crisis,” said EU Economic and Monetary Affairs Commissioner Olli Rehn.
“We expect that the efforts towards a cross party agreement to support the EU-IMF program will continue,” added the Finn. “An agreement has to be found soon. Time is running out.”