Friday, March 20, 2015

Grexit this

The OECD thinks there's been a little too much cooperation and development going on;
 Greece has made some headway in tackling rampant graft at home but urgently needs to crack down on bribes paid to foreign public officials aimed at winning contracts overseas, the OECD said in a report on Friday.
....“Greece has made efforts to tackle domestic corruption in the country but it needs to give much higher priority to fighting foreign bribery,” the Organization for Economic Cooperation and Development said in its report.
....The government should target the export, shipping and small and medium-sized business sectors, the report added.
And, by the way, Europe is running out of patience;
Greece’s euro-area partners are fed up with the government’s intransigence and are united in demanding that Prime Ministers Alexis Tsipras spells out how he plans to break the deadlock, Slovak Finance Minister Peter Kazimir said.
....“We are running out of patience and the willingness to discuss these issues again and again -- we feel this approach isn’t going anywhere,” Kazimir said. “We aren’t convinced that the Greek government is playing with open cards, whether it isn’t pursuing different scenarios.”
At least Greece is promoting European comity;
German Chancellor Angela Merkel said earlier Thursday that Greece shouldn’t expect a breakthrough at the leaders’ meeting.
“I’ve been going to Brussels since 2006 and I have never seen so much unity” on how to address the cash-strapped member state, Kazimir said.
Even the socialists are fed up;
French President Francois Hollande said Greece must propose reforms that are in line with its existing commitments to its creditors and speed up progress to implementing a deal to unlock further cash.
"These reforms must be looked at, assessed ... so that they are compatible with Greece's commitments," he told a news conference after a meeting with other EU leaders and Greek Prime Minister Alexis Tsipras in Brussels.

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