EU Commission welcomes Greek reform pledge, wants implementation

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Source: Reuters

(Reuters) - The European Commission welcomed an agreement reached by the Greek government on new structural reforms and called on Thursday for their determined implementation.

"The 10 priorities for structural reform announced today by the minister of development are a clear sign of the commitment of the Greek government to bring about the much-needed reform of the Greek economy. This is welcome," the Commission said in a statement.

"The pursuit of these priorities will make an important contribution to the broader reforms to which Greece is committed within the (memorandum of understanding) and which are needed to boost growth and employment," the European Union's executive arm said.

"We now expect determined implementation of all of Greece's reform commitments in full respect of (European) Union law, and in particular single market rules. Where relevant, the Commission Task Force will provide assistance."


Read more: http://uk.reuters.com/article/2012/08/02/uk-eu-greece-idUKBRE8710G420120802

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1. Austerity for the workers and luxury for elite.

"Greek political leaders agreed to 11.5 billion euros (9.07 billion pounds) of austerity cuts."

So now Germany, and other nations, are paying the Greek politicians to make their workers suffer. What a twisted system we have.