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Greece

No Reforms, No Cash: How Euro Bailout Conditions Would “Re-create” Modern Greece

The euro zone countries and the IMF are now making it clear to Greece: bailout cash will only come after the kind of drastic reforms that would effectively transform Greek society. But are the measures too drastic to make it possible?

Her future at stake (George Laoutaris)
Her future at stake (George Laoutaris)
Stefanie Bolzen and Florian Hassel

BERLIN - Before international lenders free billions of euros in credits to Greece, its government must see through groundbreaking reforms – that's according to the new loans package Greece agreed on last Thursday with the E.U. Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF). The program was approved on Sunday by the Greek parliament.

Die Welt obtained a copy of the 51-page document, which is dated Feb. 9, 2012 and entitled Memorandum of Understanding on Specific Economic Policy Conditionality. Compared to the other bailout agreements signed up until now, the terms this time are much, much sharper. If implemented (Athens may end up declaring bankruptcy before it can be) it could lead to a virtual overhaul of the Greek economy and a remaking of its society. Some of the contents of the program are the equivalent of social and political dynamite.

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Geopolitics

AMLO Power Grab: Mexico's Electoral Reform Would Make Machiavelli Proud

Mexican President Andrés Manuel López Obrador, aka AMLO, says his plans to reform the electoral system are a way to save taxpayer money. A closer look tells a different story.

President Andres Manuel Lopez Obrador of Mexico votes

Luis Rubio

OpEd-

MEXICO CITY — For supporters of Mexico's President Andrés Manuel López Obrador (AMLO) the goal is clear: to keep power beyond the 2024 general election, at any price. Finally, the engineers of the much-touted Fourth Transformation, ALMO's 2018 campaign promise to do away with the privileged abuses that have plagued Mexican politics for decades, are showing their colors.

Current electoral laws date back to the 1990s, when unending electoral disputes were a constant of every voting round and impeded effective governance in numerous states and districts. The National Electoral Institute (INE) and its predecessor, the IFE, were created to solve once and for all those endemic disputes.

Their promoters hoped Mexico could expect a more honest future, with the electoral question resolved. The 2006 presidential elections, which included AMLO as a recalcitrant loser, showed this was hoping for too much. That election is also, remotely, at the source of the president's new electoral initiative.

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