Greece’s bailout should be extended for several months, in order to boost the country’s economic and financial prospects after its destabilizing change of government, corporate leaders told CNBC on Monday.
“What we are asking is, not just give Greeks a chance, give Europe a chance,” said Harris Ikonomopoulos, president of the British Hellenic Chambers of Commerce, in Athens.
Since the radical left-wing-led government came to power two weeks’ ago, Greece has battled to dismantle the austerity measures and structural reforms on which its 240 billion euro ($272 billion) international bailout is conditional. This has put Greece at loggerheads with European politicians such as German Finance Minister Wolfgang Schaeuble, who say that Greece must stick to the previously agreed terms.
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