Germany Tells Greece To Get Its Ass In Gear
The Germans have apparently told people that they wouldn't feel the need to be all Mr. Tough Guy if Greece hadn't spent months acting like a bunch of uncooperative teenagers AKA THIS IS WHY WE CAN'T HAVE NICE THINGS.
Greece’s parliament will have only a few days to pass all the economic reforms Athens promises its creditors to unlock desperately need bailout aid, putting intense pressue on prime minister Alexis Tsipras to build domestic political support for controversial concessions. Berlin has insisted on full and immediate legislative approval of measures that may be agreed at a meeting of eurozone finance ministers on Wednesday even though officials now concede a deal may come too late for Athens to meet a €1.5bn debt repayment to the International Monetary Fund due on June 30. People briefed on Berlin’s thinking said months of fraught negotiations since the radical anti-austerity government came to power have undermined trust in Greece’s ability to fulfill its promises.
Berlin insists Greek parliament approves all reforms by Monday [FT]