The Commission and Economic Reforms

economic reforms: Greece economy suffered an alarming slump in the first three months of 2015, according to the EU Commission spring forecast published on Tuesday, according to Russia Today. It is a huge reduction from the Commission earlier projection of 2.5 percent just three months ago. Greece is struggling to agree a package of economic reforms with the Troika of creditors to unlock bailout funds. The Commission anticipates Greek growth to accelerate to 2.9 percent in 2016 while earlier it predicted 3.6 percent growth. Prices fell by 1.4 percent in 2014 and inflation is expected to remain below zero in 2015, due to weak domestic demand, the report says. Unemployment, which was forecast to decline to 22 percent in 2016, will now come down to only 23.2 percent. (news.financializer.com). As reported in the news.