Greece’s New Deal From European Lenders Delivers More Neoliberalism
March 28, 2017
Greece has entered into a new deal with European lenders that they claim will lift the country’s economy through the enactment of new reforms. However, the debt-ridden country will still have to meet tough fiscal targets for the next two years. Today, we’ll speak with a Greek economist who believes the deal will do little to help the country.
GREECE– The Greek government recently reached a new agreement with the so-called “troika” of lenders—the European Commission, the European Central Bank and the International Monetary Fund—on new reforms that are slated to go into effect in 2019.
The SYRIZA-led Greek government touted this agreement as a major success that signifies the end of austerity. According to the Greek government, austerity will be averted via the enactment of “equivalent measures” that will offset cuts. But even if this is the case, the agreement is contingent on Greece fulfilling harsh fiscal targets and austerity measures from now until 2019.
What does this agreement really mean for Greece? Is it the best solution for the country and its economy? Are these targets even realistic? To provide insight into these and other relevant questions, MintPress News recently spoke with Greek economist Dimitris Karousos, a member of the political directorate of Greece’s United Popular Front, a small political party that has advocated in favor of a Greek departure of the eurozone and the EU. In an interview that originally aired on Dialogos Radio in March, Karousos discusses the recent agreement, talk of “Grexit” and other pertinent economic matters.
