MoU between Greece and its Creditors

In the Guardian, Heather Stewarts reports about the contents of the memorandum of understanding that the Greek government and its creditors have agreed on. It contains four pillars:

  • Fiscal sustainability, including pension reform and social welfare review;
  • Financial stability, including bank recapitalization;
  • Growth, competitiveness, investment, including liberalization of consumer markets, labor markets and professions;
  • Modern state and administration, including judicial reform and anti corruption measures.