Washington The third rescue plan for Greece has not even been finalized but already the parties at the center of the deal are raising doubts over its viability. The key players -- Athens, Berlin and the International Monetary Fund -- have all voiced criticisms of the conditions t
Washington
The third rescue plan for Greece has not even been finalized but already the parties at the center of the deal are raising doubts over its viability.
The key players -- Athens, Berlin and the International Monetary Fund -- have all voiced criticisms of the conditions that have been sketched out so far.
Their skepticism, which comes from more than just a circle of economists, will have to be addressed if the detailed negotiations to begin soon on Greece's third bailout operation in six years are to be a success.
Unsurprisingly the sharpest reservations come from Greece. The deal, squeezed out from grueling negotiations on Monday with almost no time to spare, imposes yet more austerity on the country and to some extent leaves its economy subjugated to outside powers.
With his signature on the pact hardly dry, Greek Prime Minister Alexis Tsipras called it an accord he did "not believe in," but said that he had accepted it to avoid a potentially catastrophic default and exit from the euro area.
"I had specific choices before me: One was to accept a deal I disagree with on many points, another was a disorderly default," Tsipras told the Greek parliament.
"I don't know if we did the right thing. I do know we did something we felt we had no choice over," said Finance Minister Euclid Tsakalotos.
