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<p>[QUOTE=&quot;jmccarty, post: 2193946, member: 74979&quot;]Yes Christian, still waiting on the details.&nbsp; I expect Greece can not meet all of the 12 demands in the time given.&nbsp; The demands are: </p><ol> <li>Streamlining VAT</li> <li>Broadening the tax base</li> <li>Sustainability of pension system</li> <li>Adopt a code of civil procedure</li> <li>Safeguarding of legal independence for Greece ELSTAT – the statistics office</li> <li>Full implementation of autmatic spending cuts</li> <li>Meet bank recovery and resolution directive</li> <li>Privatize electricity transmission grid</li> <li>Take decisive action on non-performing loans</li> <li>Ensure independence of privatization body TAIPED</li> <li>De-Politicize the Greek administration</li> <li>Return of the Troika to Athens (the paper calls them the institutions… for now)</li> </ol><p>Greece has been given until Wednesday to pass all of the legislation necessary to implement all of these conditions or demands.&nbsp; I don&#039;t see how any government could achieve this in the time given.&nbsp; I wish them well, but this could be the end, and Germany, if this is really what they want, might just regret getting their wish!</p><p><br /></p><p>I can&#039;t imagine a European neighbor being abandoned![/QUOTE]</p><p><br /></p>

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