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12/22/15

Is Greece really on the road to recovery?- by Jonty Bloom

"Certainly the Greeks have had one great success - we are not all talking about how it will be broke by this time next week.

Despite a narrow majority in parliament and endless opposition from many groups the government is making a start in introducing the reforms that were the the condition of that bailout.

Just this month, the left-wing government of Prime Minister Alexis Tsipras agreed to a set of reforms, including allowing Greek banks to sell bad business loans onto foreign buyers.

This will free up capital for the banks and was a condition for the release of the next €1bn (£727bn; $1.08bn) of the bailout."

Read more: Is Greece really on the road to recovery? - BBC News

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