Analyst: Greece needs reform, not more austerity

2015-07-23 1

The Greek parliament passed a second set of reforms early on Thursday morning (July 23), opening the way for further bailout negotiations to begin.

euronews’ Sándor Zsiros spoke to analyst Andre Sapir to find out more.

Sándor Zsiros, euronews:
André Sapir, welcome to euronews. The Greek parliament has approved some of the reforms. What does it mean for Europe?

André Sapir, Bruegel Institute:
Together with the approval last week of the other parts of the reforms, it means that the negotiations with the Greek government and the creditor countries can start and hopefully finish by the of August.

SZ: The most painful measures are still ahead. Will Mr.Tsipras have majority for these as well?

AS: Well, we will see what the negotiations will entail. And indeed, Greece and also some of the creditor countries will have to go back to parliament in early September. I am hoping that it will be a balanced agreement. We will see what the creditors demand in terms of austerity measure

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