Bratislava, July 14 (CTK) – Greece has completely capitulated in the talks about further financial aid, yet its exit of the euro zone has not been fully averted, Slovak dailies write yesterday about the euro zone agreement reached on Monday, based on which Greece can start negotiating about the third bailout package.
“The Greek rebellion ended in unconditional surrender,” Hospodarske noviny writes.
Under the threat of the collapse of Greek banks and the departure of the country from the euro zone, Prime Minister Alexis Tsipras accepted nearly all the demands set by the creditors, the paper writes.
The paper points out that the new terms of the financial aid are even stricter than those that the Greeks rejected in a referendum ten days ago.
In fact, Tsipras promised to deny his own election programme and the result of the referendum and to introduce more austerity reforms than the previous right-wing government, Hospodarske noviny writes.
“The euro zone led by Germany appears to be the winner of the deal for now, the Greeks had to give up markedly more. Due to the stubbornness of the Greek government, the Greeks will have to tighten their belts more than originally planned,” Pravda writes.
But the agreement on radical reforms averted the bankruptcy of the indebted Greece and its exit of the euro zone, Pravda writes.
Daily Sme says it is too early to start celebrating the end of the Greek debt crisis.
“Athens has to pass a package of austerity reforms so that the new aid of up to 86 billion euros can be even considered,” the paper writes.
Greece may still reject some terms of the agreement, Sme writes.
The latest agreement between Athens and Brussels only lowered the possibility of Grexit for some time and it remains unclear whether the euro zone has really achieved a solution or whether further months and years of squabbling will follow, Dennik N writes.
It is a long way from the agreement to the reforms that Greece must introduce to improve its economy, the paper says. “The introduction of reforms is hard everywhere and in Greece it will be a journey over a very dangerous minefield,” it writes.
Most Greeks still believe the illusion that reforms are not needed and that other countries are forcing the reforms on Greece for their own selfish reasons, Dennik N writes.