Eurozone still far from a virtuous path | New Europe

Eurozone still far from a virtuous path | New Europe ;.. Finally, in March 2012, the Troika concluded a new agreement (second MoU) with Athens containing generous debt reductions and soft loans to the order of €130bn. Now, two weeks ahead of the Greek elections, the country says it might yet again miss the targets for government deficit reduction and structural reforms contained in this second MoU.




As mentioned above,Venizelos, one of the country's most influential politicians, has already cast doubts over the ability of his country to apply the unpopular measures agreed in the MoU. It was not by chance that the head of the IMF Christine Lagarde said this past week that she has three advises to give to Greece: implement, implement, implement!