Wednesday, August 5, 2015
France's Sapin: Euro is 'Walking in Place'
''..Why should the third bailout program for Greece succeed when the two previous programs have failed?
The third program is not necessarily destined for failure because the first two were unsuccessful. The measures that were demanded relate to changes that Greece’s partners were demanding from the start. But they never became reality. It isn’t a question of the level of spending, but of the government’s organization, and the effectiveness of the public sector and the tax administration. These are the most difficult questions. My feeling is that this government is freer than its predecessors to take action against the cronyism that gets in the way of reforms..''