Third programme includes reforms to restore Greece's competitiviness, Schaeuble's spokesman says
Specific reforms have been agreed between Greece and its creditors in the third economic support programme, German Finance ministry's spokesman Martin Jaeger said on Wednesday.
The aim of these reforms is to restore Greece's competitiviness so as to catch up with the rest of the eurozone.
"Greece needs to become competitive again so as to catch up with the rest of the eurozone. That is the reason why Greece has agreed jointly with its creditors a third programme of reforms. There are certain things that need to be done. These are very specific. They all serve a single target," Jaeger noted adding that "the Greek side needs to deliver a lot."
