Greece’s Next Government to Face Warning of Reform Backtracking
- EU Commission cites backtracking, debt sustainability
- First post-bailout national elections to be held on July 7
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As Greece prepares for its first post-bailout national election next month, whoever emerges as the country’s next prime minister will face an immediate challenge: how to deal with the European Commission’s warnings of backtracking on reforms.
A package of relief measures adopted by Greek Prime Minister Alexis Tsipras’s government in May will incur a cost of more than 1% of gross domestic product in 2019 and beyond, the Commission said in its post-bailout review for Greece on Wednesday.