– We can now say that the technical pre-conditions for reaching an agreement are fulfilled – Dombrovskis said during Wednesday’s press conference. – What we now need is political will on the Greek side to get to the last effort and reach an agreement – he added.
On Thursday in Luxembourg meet the finance ministers of the euro area. The first point of the meeting is on aid to Greece. – I think this part of the meeting will be quite short – unofficially said a senior EU official.
turned on that the current aid program expires at the end of June, while the eventual political agreement is still much to be done. – It takes time for parliamentary procedure – he said. -In Most countries, it will take approx. A week, maybe a day or two less – he stressed.
The official rating that “the ball is in the Greek authorities’ and creditors have already made big concessions. Nevertheless, there are differences between the parties, “not only in the fiscal sphere, but also in terms of structural changes, such as. Or retirement tax system”. An official remarked that creditors depends on medium and long-term sustainability of Greece’s fiscal system. He added that the “central scenario” assumes reach an agreement.
Meanwhile, the Greek central bank warned on Wednesday that if negotiations with international creditors fail, Greece will be on the “painful course” leading from start to bankrupt the country and, consequently, to exit from the euro zone and probably with the EU.
Threatened with bankruptcy, Greece is negotiating for months with the EC, IMF and ECB, they are demanding structural reforms in exchange for unblocking the next tranche of aid amounting to approx. 7.2 billion euro. Greece threatens almost immediate insolvency, if not quickly receive the money, however – in the opinion of the government Ciprasa – if it agrees to the conditions of the IMF, its debt is not restructured, is in the long run also will not be able to balance its finances.
(PG)
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