Prime Minister Alexis Tsipras, who was elected in 2015 as a fighter against austerity and then led the eurozone to the brink of collapse, may be the one who will lead his country and ultimately the whole monetary union out of the financial crisis, according to German news agency dpa, ANA reports.
Nevertheless, the news agency also noted, that “the latest reforms to be implemented by Athens are particularly painful. Banks must focus on the management of non-performing loans. Athens’ debt remains at 180 pct of GDP. Increased taxation, pension cuts, part-time employment, lack of prospect and migration are the reality. It is estimated that around 400.000-500.000 young and educated Greeks have left the country over the last four years. Nearly two-thirds of Greek workers do not have a full-time job. Most young people work for less than 400 euros a month. That’s why many live on the brink of poverty and depend on their family’s support.”
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