Official: EU is going to renegotiate the terms of the agreement with Greece

This headlines might feel like good news, but there’s still room for some gloom. In the good side there is the fact that EU has not lost hope on Greece… yet. This probably means that a coalition is on the way in Greece and the EU bureaucrats now have reasons to trust that there will be a period of political stability in Greece.

On the other hand you have the fact that a renegotiation was unavoidable since Greece does not have a real government for months, which means that the measures stated on the memo of understanding (MoU) are now impossible to be achieved on time. This will lead to more austerity measures unless EU moves on from austerity to some sort of growth program…

Let’s wait and see…

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