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The EU proposal on Greece made by Hollande and Merkel on June 2, 2015
06/03/2015
The June 2015 proposals provide EU concessions on public sector worker reduction, and the surplus targets for 2015-2017, in an effort to reach a settlement. French president Hollande and German chancellor Merkel worked together to come up with a deal for Greece. Greece will have to make some cuts in the middle of a deep downturn, and continue reforms, but the plan takes into account the current situation by setting lower surplus targets and giving Greece more time to correct its finances.
Grouped Articles
Greece’s Creditors Make Some Concessions as Showdown Approaches
Wall Street Journal 06.03.2015
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07.07.2015
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07.08.2015
Who is Peter Altmaier and why does he matter?
The Economist 04.14.2017
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