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Greece Moves Quickly to Roll Back Austerity

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Greece's new Syriza government plans to put a bill through parliament on the minimum wage as one of its first steps. It will reverse plans to sell the government's 67% stake in the port of Piraeus, and a planned sale of the state controlled utility will be held back. Sigmar Gabriel, the Social Democratic leader in the coalition government in Germany says Germany is ready to show solidarity with the Greek people, and says the new government has the opportunity to take better action against corruption and tax evasion in Greece than previous governments. Previous governments including governments of the Pasok and New Democracy parties which make up the ruling political elite in Greece failed to make the serious changes in tax collection needed in Greece whereby the upper class in Greece pay the fair amount of taxes due. The IMF's Lagarde also emphasized the tax collection, and separated it from austerity issues where most of European and American opinion believes growth oriented policies are the right path.

Difficult negotiations between the Syriza government in Greece and the E.U., ECB, IMF, in Feb.- June 2015

01/26/2015

Grouped Articles

New Leader in Greece Now Faces Creditors

New York Times 01/26/2015

Greece Moves Quickly to Roll Back Austerity

Wall Street Journal 01/28/2015

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Greece Runs Into Doubt Over Europe Deal

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IMF Says No Talks With Greece to Change Debt-Relief Framework

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ECB Holds the Cards in Greek Standoff

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