Inspectors for Greece’s main troika creditors have left the country announcing their mission to Greece is over.
They said agreement has been reached on most of the core measures needed to restore the momentum of economic reforms.
However the unions are likely to resist any more austerity, with the civil servant’s union expected to be to the fore.
“We want to tell the leaders of the European Union, ‘That’s enough! We can’t take any more.’ This is not worthy of Europe. It is a policy of exploitation, of profiteers and loan sharks. And we no longer have the desire to serve this policy,” says ADEDY General Secretary Ilias Iliopoulos.
Next year looks likely to be nearly as dismal for Greece, with the economy shrinking by a further 3.8%, albeit at a slower rate, the total debt still way over the EU maximum at 179 percent of GDP and rising, and with more cuts worth 7.8 billion euros in the pipeline.
The troika is due back in Greece before the handover of the next tranche of ECB/IMF/EU emergency credit of 31.5 billion euros. Before that the inspectors will have to report, mainly on the outstanding job market reforms, to the EU heads of state meeting at a summit starting today.