Greece Agrees to New Reforms, Communists Take to the Streets

  • Greek Prime Minister Alexis Tsipras has signed up to further reforms worth €3.6 billion, amounting to 2 per cent of GDP, thereby making the Euro zone finance ministers to return to yet another bailout talks.

    International auditors are believed to return to Greece on Monday. Tsipras is keeping a close watch on the developments of the meeting between IMF Chief Christine Lagarde and German Chancellor Angela Merkel.

    However, Greek PM’s hope for an all-inclusive package seems short of the expectation as IMF is still pressing for “a credible strategy” as a pre-condition for disbursing a delayed bailout payment.

    Meanwhile, Communist party sympathizers and communist-aligned unionists have taken to the streets to protest against the concessions agreed upon by once fiercely anti-austerity Tsipras for keeping the country afloat.