Greece has been asking for more time to implement reforms and budget cuts — hoping that a slower pace will release the stranglehold such cuts have on the economy. The country is in a deep recession heading into its sixth year, with more than a quarter of Greeks unemployed.
Without growth, Greece can’t ever hope to collect enough in taxes to put a dent in its debts.
But easing up on the timeline will cost more money, and politicians in other countries are nervous they won’t be able to sell that to voters. Some countries are also irritated that Greece has consistently missed the deadlines set for it.
'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Join the Communities and submit your column in response to one written, or on something totally new and unique. We want to hear from you
Entering the world of first time parents, there are lots of secrets unveiled.
Take a look at our pet friendly reviews and travel tips or find the best vacation deals and activities compiled by the The Washington Times Communities experts.
When you need to know who is making business, and what business is being made, you need the Business Browser.
Benghazi: The anatomy of a scandal
13 Photos
Vietnam Memorial adds four names
18 Photos
Cinco de Mayo on the Mall
11 Photos
