Greece Wants More Austerity Time
Published / Last Updated on 21/08/2012
Greece Wants More Austerity Time.
Antonis Samaras the Greek PM has asked for more time so that he can push through tough reforms and huge cuts to try to save Greece's economy ahead of talks on Greece's bailout. He will meet finance ministers and also the French and German leaders later on this week. The only issue with Greece's bailout is that whether Greece has made enough cuts and reforms to receive another €31.5bn payment. If Greece doesn't meet the requirements that have been outlined then it risks not receiving the payment and then having to leave the euro.
Whether Greece can stay in the euro is yet to be seen.