Friday, August 6, 2010

Greece's reforms: One down, 69 to go

Economist
August 5, 2010

First came the truckers. Soon it will be the turn of lawyers, pharmacists and civil engineers. Greece’s Socialist (Pasok) government has belatedly started to embrace structural reforms, buoyed by the success of a swift but messy overhaul of the pension system last month.

“I’m very satisfied with what Greece has done so far,” purred Jean-Claude Juncker, president of the eurogroup, the 16 countries that use the single currency. He was speaking after the government stood up to 33,000 owner-drivers who went on strike in protest against plans to double the number of truck licences and allow Greeks to set up road-haulage companies.

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