This has been a very messy process , with the troika leaning on the relatively new government to deliver what Greece had promised before the current administration came to power following the elections last June . The Greek government has overcome two hurdles to qualify for the troika 's austerity program . But in the spirit of a Greek tragedy , much political blood has been spilt along the way . The budget for 2013 makes for painful reading , including a contraction of 4.5 % next year . This is not an easy thing to do when you are already facing huge tax increases and spending cuts. The cash lifeline needs to be delivered .
The Greek government has overcome two hurdles to qualify for the troika 's austerity program . But in the spirit of a Greek tragedy , much political blood has been spilt along the way . The budget for 2013 makes for painful reading , including a contraction of 4.5 % next year . This is not an easy thing to do when you are already facing huge tax increases and spending cuts. The cash lifeline needs to be delivered .