Greece debt crisis: Eurozone 'sceptical' of reform pledge
Found on BBC News on Saturday, 11 July 2015
Several ministers arrived for their crunch meeting in Brussels expressing scepticism that Athens would implement the austerity measures it has proposed.
One unnamed European official, quoted by the Associated Press, said there was a general feeling in the room that the Greek proposals are "too little, too late" and as such "more specific and binding commitments" are needed from the government in Athens.
Sceptical is a mild way to put it. In the past 5 years, Greece should have grown to an impressive economical power if all those plans would have worked. Fact is that today Greece has bigger problems than ever. Promised were made and broken, deadlines were ignored. It's not really easy to believe that suddenly everything will change, especially since the referendum favored exactly the opposite of what Tsipras is now suggesting. It should return to its Drachma; that does not mean it has to leave the EU at all. It would give Greece the air it needs to breathe again, and the EU can still help by providing food and medical support in the beginning instead of just flooding the banks with more money that will only be used to pay back existing debts.