economy
economy

Greek citizens fear that further delay in the conclusion of the pending bailout review will bring more negative effects on the country’s economy, according to results of an opinion poll released on Sunday ahead of the March 20 Euro Group meeting.

economy
economy
The 86.7 percent of respondents in the survey conducted by “Opinion Poll” for Greek daily “Eleftheros Typos” (Free Press) believe that the longer the review drags on, the worse the repercussions will be for Greece.

The second assessment of the Greek third bailout has already been delayed for more than a year, according to the initial timetables, and economists and representatives of the real economy warn that further delay will have a negative effect on overall efforts to pull the ailing economy from the seven-year debt crisis and restore growth.

The Greek government seeks a deal on the next set of reforms and spending cuts to move forward with the implementation of the three-year program.

According to the new poll, the 75.1 percent of Greeks have not been convinced by the government’s pledge after the latest round of negotiations with international lenders that prolonged austerity after the end of the current bailout in 2019 will be counterbalanced with relief measures for the most vulnerable.

The Greek economy has been sustained by three bailout programs from collapsing. The country is now in urgent need of a bailout package to pay the seven billion euros (7.4 billion U.S. dollars) of debts in July or risk defaulting on its loans.

Disappointment with the policies of the Left-led ruling coalition, two years after taking office, is reflected in the results when voters were asked about their preferences should elections were held this weekend.

The main opposition conservative New Democracy party would win with 31 percent of votes. The Radical Left SYRIZA party of Prime Minister Alexis Tsipras would rank the second with 14.5 percent of votes. Enditem

Source: Xinhua/NewsGhana.com.gh

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