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Εγχειρίδιο χειρισμού κρίσεων λόγω πολιτικών ΔΝΤ από τη CIA! / Already confirmed: Civil liberties under attack! / Greece's creditors gone completely insane! / How the global financial mafia sucked Greece's blood / ECB's economic hitmen / Η Μέρκελ επιβεβαιώνει τα σχέδια των γραφειοφασιστών! /Greece: the low-noise collapse of an entire country/ How the neoliberal establishment tricked the masses again, this time in France / Ενώ η Γερμανία προετοιμάζεται για τα χειρότερα, η Ελλάδα επιμένει στο ευρώ! / Ένας παγκόσμιος "proxy" πόλεμος κατά της ελευθερίας έχει ξεκινήσει! / In reality, McCarthyism never ended in America / Ο επικεφαλής του "σκιώδους συμβουλίου" της ΕΚΤ επιβεβαιώνει ότι η ευρωζώνη είναι μια χρηματοπιστωτική δικτατορία! /With a rising Jeremy Corbyn and a declining Angela Merkel, Brexit has been upgraded to play a much more critical role / Δημοψήφισμα για Grexit: η τελευταία ευκαιρία να σωθεί η Ελλάδα και η τιμή της Αριστεράς / Populism as the new cliche of the elites to stigmatize anyone not aligned with the establishment / Δεν γίνεται έτσι "σύντροφοι" ... / Panama Papers: When mainstream information wears the anti-establishment mask / The Secret Bank Bailout / The head of the ECB “shadow council” confirms that eurozone is a financial dictatorship! / A documentary by Paul Mason about the financial coup in Greece / The ruthless neo-colonialists of 21st century / First cracks to the establishment by the American people / Clinton emails - The race of the Western neo-colonialist vultures over the Libyan corpse / Επιχείρηση Panama Papers: Το κατεστημένο θέλει το μονοπώλιο και στις διαρροές; / Operation "looting of Greece" reaches final stage / Varoufakis describes how Merkel sacrificed Greece to save the Franco-German banks / France officialy enters the neo-Feudal era! / The US establishment just gave its greatest performance so far ... / A significant revelation by WikiLeaks that the media almost ignored / It's official: the US is funding Middle-East jihadists! / Οι αδίστακτοι νεο-αποικιοκράτες του 21ου αιώνα / How to handle political unrest caused by IMF policies! / Πώς το νεοφιλελεύθερο κατεστημένο ξεγέλασε τις μάζες, αυτή τη φορά στη Γαλλία / Οι Γάλλοι νεοαποικιοκράτες επιστρέφουν στην Ελλάδα υπό 'ιδανικές' συνθήκες / Μεγαλώνει ο πανικός της Γουόλ Στριτ μπροστά στην προοπτική των κρυπτονομισμάτων

13 September, 2016

Greece blames creditors over economy’s inability to recover

The dispute between Greece and its international lenders on the country’s debt management is damaging the recovery, according to Prime Minister Alexis Tsipras. He is calling on the EU to recognize the Greek debt crisis as a "European problem."

"We are closer than ever before to a solution of this crisis. What is delaying the effort of regaining the trust of the markets is the constant disagreement between the European institutions and the IMF," Tsipras said during a news conference at the Thessaloniki International Fair.

Greece's lenders have "failed miserably" in their policies aimed at rescuing the Greek economy, Syriza party economist Marica Frangakis told CNBC.

Tsipras’ and Frangakis' comments follow the eurozone finance ministers’ meeting on Friday. The Eurogroup want Greece to act faster on its economic reforms in order to get rescue loans from the EU. The demands on new austerity measures have sparked anger with 14,000 people demonstrating on the streets of Greece’s second-largest city Thessaloniki.

Greece has to fulfill fifteen reforms by the September 15 deadline to get a €2.8 billion tranche from the bailout program.

Under the terms of the 2015 deal, the creditors including the International Monetary Fund (IMF), the European Central Bank and the eurozone are to provide €86 billion in aid to Greece by 2018 in return for unpopular austerity measures.

The reforms include tax hikes, pension cuts, as well as the privatization of public assets. Greece is also obliged to bring in a primary budget surplus to 3.5 percent of GDP by 2018.

So far, the country has managed to implement only two reforms out of fifteen.

The IMF said that it would not participate in Greece’s third bailout until the issue of debt sustainability is sorted. It also disagrees with the EU creditors on how much Athens can improve its finances through ongoing reforms.

Greece’s current debt is the highest in the eurozone, exceeding 170 percent of national output.



The German sado-monetarists seek to destroy the EU!

Tsipras vainly continues to seek alliances - this time in Europe

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