TSIPRAS MAY NOT GET BAILOUT MONEY AFTER FAILURE TO REFORM


From Ekathimerini.

There was fresh concern on Monday that there could be further delays in the disbursement of much-need bailout money to Greece owing to a disagreement between Athens and its creditors, who have demanded changes to prior actions passed in Parliament earlier this month.

“German Finance Minister Wolfgang Schaeuble described the decision to raise value-added tax in Greece as “economic foolishness” but noted that Athens was obliged to take that route due to a revenue shortfall.

“This is why Greece needs an effective public administration,” Schaeuble told a conference on fiscal sustainability, observing that Greek tax collection must be improved to bring in the higher revenues that are being targeted.”

http://www.ekathimerini.com/209147/article/ekathimerini/news/glitch-in-bailout-talks-fuels-fears-of-delay-in-loan-disbursement

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