{"id":26801,"date":"2011-06-18T22:00:27","date_gmt":"2011-06-18T22:00:27","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/europeans_doubt_greeces_ability_to_stick_to_budget\/"},"modified":"2011-06-18T22:00:27","modified_gmt":"2011-06-18T22:00:27","slug":"europeans_doubt_greeces_ability_to_stick_to_budget","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=26801","title":{"rendered":"Europeans Doubt Greece\u2019s Ability to Stick to Its Budget"},"content":{"rendered":"<p>Now, as&#8230;[Prime Minister George Papandreou] comes back to Greece\u2019s foreign creditors asking for the next $16.8 billion installment of aid \u201d\u201d predicated on persuading Greeks to accept more tax hikes, wage cuts and the privatization of more than $71 billion in state assets before 2015 \u201d\u201d doubts have emerged about the government\u2019s ability to implement and enforce the measures it has already passed.<\/p>\n<p>\u201cThe main problem is that he\u2019s only been able to deliver on the parts of the austerity package that are easily enforceable and transparent and irrevocable,\u201d\u009d such as cuts to public sector salaries and pensions, said Spyros Economides, a political scientist who co-directs the Hellenic Observatory at the London School of Economics. \u201cUnfortunately, the rest of it is a complete mess.\u201d\u009d<\/p>\n<p>\u201cIt\u2019s very easy to legislate,\u201d\u009d Mr. Economides added. \u201cThe problem is to enforce legislation. There\u2019s no enforcement mechanism. It\u2019s all done for the eyes of the public.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2011\/06\/19\/world\/europe\/19greece.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now, as&#8230;[Prime Minister George Papandreou] comes back to Greece\u2019s foreign creditors asking for the next $16.8 billion installment of aid \u201d\u201d predicated on persuading Greeks to accept more tax hikes, wage cuts and the privatization of more than $71 billion<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=26801\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,460,595,592,149,591,200,590,454,585,596],"tags":[],"class_list":["post-26801","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-greece","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/26801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26801"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/26801\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}