German
Chancellor Angela Merkel said that "everything was destoryed" in Greece
and Berlin will strictly monitor the implementation of all austerity
measures in Greece.
BERLIN
(Sputnik) — Berlin will rigorously observe the implementation
of austerity measures in Greece, which were prerequisite under the
agreement with EU leaders to solve the country’s debt issue, German
Chancellor Angela Merkel said Sunday.
On Monday, the eurozone leaders reached an agreement on a third
bailout package for Greece. Under the deal, the Greek government must
implement unpopular austerity measures, including pension reforms and
VAT increases, in exchange for resuming the provision of liquidity
to Greek banks and for the beginning of a new aid program to rescue the
economy.
"We
will strictly monitor the implementation of all measures under our
proposal. At the beginning of the year, there has been some progress,
but now everything has been destroyed," Merkel told the German ARD
television channel in an interview.
On Wednesday night, the Greek Parliament voted in support of a new
package of bailout measures, paving the way for more financial aid
from its international creditors through the European Support Mechanism
(ESM).
On Friday, the Bundestag voted in favor of renewed negotiations with Athens over a $95-billion three-year loan by a majority.
On Friday, the Bundestag voted in favor of renewed negotiations with Athens over a $95-billion three-year loan by a majority.
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