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Greece: Eurozone’s Puerto Rico
No, not even in May. “Deal in May and go away” doesn’t seem to work for Greece and its creditors. Both parties are now supposed to reach an agreement regarding the second evaluation of the third consecutive bailout program on June 15 when European Union finance ministers of the Eurozone will be meeting. Though the number of prior actions yet be legislated at the meeting later this month is now down to 25 from 140, those remaining are important and include the privatization of the public utility that provides the country with electricity, among other steps. Privatization is a precondition if the compliance ... (full story)
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