Greece has a Mandate to NOT implement Austerity Reforms

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Will Greece Actually Implement Austerity Reforms promised in the Bail Out?..

In this Third bailout for Greece, the Greek Government is agreeing to implement various austerity measures, including increasing VAT to a similar rate as many other Eurozone countries, and tackling the Tax Collection problem.


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However, the question is: Will they do it ?

Greek Bailout Number One:

Greece needed Financial aid, and the Greek Government agreed to various terms requested by the lenders
Greece did NOT fulfill those terms

Greek Bailout Number Two:

Greece needed more nancial aid, and the Greek Government agreed to various terms requested by the lenders
Greece did NOT fulfill those terms

Greek Bailout Number Three:

Greek OXO NOGreece needs Financial aid, and the Greek Government is saying they will agree to various terms requested by the lenders
The Greek people have voted to REJECT those terms
The Greek Government have told the lenders that they will implement those terms, or at least do there best.

So, what happens if the Lenders do actually lend Greece the money?

  1. Will the Greek Government then turn around and say they can’t Implement the measures, as the people said NO in their referendum ?
  2. Can a Government use a referendum result like that as a legitimate reason to avoid doing what they said ?

This is not an expert opinion, but a summary of thoughts after reading many topics on the subject.


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Latest from the BBC:

Nine hours of talks on Saturday (11 July 2015) ended without agreement and Dutch Finance Minister Jeroen Dijsselbloem described negotiations as “very difficult”.
Ministers have expressed scepticism that Athens would implement austerity measures it has proposed


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