Time is running out for Greece and it's time to act seriously. This is the message that the Eurogroup delivered to the government in Athens, which was given 10 days (within the meeting of EU heads of state in Brussels on 18 October) to demonstrate be able to implement the reforms envisaged in the agreement with the EU, the IMF and the ECB and thus obtain the next 31,5 billion tranche of the loan.
Greece will have to show that it is ready especially with regard to pension reform and privatisation. Christine Lagarde, chief operating officer of the IMF, expressed concern: "There is still a lot of work to do", adding, then, that "To act means to act, not to say that we will act".
