Greek Bailout Decision Delayed Again
The latest Greek reform proposal was "a positive step”, Eurozone leaders announced on Monday. Although the bailout agreement was delayed until a Eurogroup meeting on Wednesday (24 June) or the EU summit on Thursday (25 June), EUobserver reports.
In this regard German chancellor Angela Merkel said at a press conference after the euro summit in
As the source reports the 12-page document sent by the Greek government on Sunday night contains proposals to address the fiscal targets set by its creditors, with a primary surplus at 1% of GDP this year, 2% in 2016, 3% in 2017, and 3.5% in 2018.
The proposal also includes measures to reduce the pensions and raise VAT.
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- Greek Unemployment Rises to 23.4 Percent in August, Eurozone Highest Greece's unemployment rate has come down from record highs but remains more than double the euro zone's average of 10 percent in August.
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