According to Olivier Blanchard the Greek bailout program is in danger of failing due to the lack of structural reforms and measures for economic growth.
Mr. Blanchard spoke at Cass Business School: “One needs structural reforms and growth, otherwise insisting on austerity is a half measure and if this happens the Greek program might not succeed”
“The fiscal reform that Greece is expected to achieve in the next few years is much smaller than before but it still bigger than it should”.