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Will infighting within the ruling SYRIZA party derail the Greek governments plans?

With the disaster seemingly avoided at the 11th hour on Friday with an agreement reached to extend the current debt program, the Greek government will now have to submit a list of reforms to its lenders.

This listed needs to presented by the Greek government today (Monday) will have to be agreed upon by the countries lenders.

Could the deal collapse due to disagreement over the detail. It could happen however with the Greek government conceding so much ground to its Euro Zone partners the only threat I see to an agreement being reached is from within the ruling SYRIZA party where the leftist wing are up in arms over the apparent back tracking on election pledges.

According to Nikos Pappas the new minister of state the big goal would be a curbing of tax evasion. Inefficient tax collection and corruption within the collection department is a major reason why the Greek debt has ballooned over the past 10 years.

The Greek government has also pledged to streamline the Greek civil service which is a major about turn of its earlier vow to rehire redundant state employees.

Monday, 23 Feb, 2015 / 10:31

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Source : http://acfxacademy.com/acfx-daily-technical-report-london-open-23-02-2015/

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