Greece running out of time, eu running out of patience

The European Union is running out of patience with Greece, which is struggling with severe economic difficulties.

The rest of the EU is accusing Greece of dragging its feet in implementing economic reforms. There were sharper tones than before on Tuesday at the meeting of EU misters of finance in Brussels.

Commissioner of Economic and Monetary Affairs Olli Rehn called on Greece to announce new efforts to balance its economy in the coming days - mainly balancing its finances and selling off its property. “If Portugal and Ireland were able to do this, why can’t Greece? This is not a question of a political game – it is the fate of a nation”, Rehn said in Brussels.

Also urging Greece to do more was Germany’s Deputy Finance Minister Jörg Asmussen.

Source: Helsingin Sanomat