Friday, March 20, 2015

Greece to present new reform plan

Greek Prime Minister Alexis Tsipras has agreed to accelerate a list of economic reforms in order to avoid running out of money within weeks following a three-hour meeting with the leaders of France and Germany, the president of the ECB and the head of the eurogroup of eurozone finance ministers.
Following the meeting, Mr Tsipras said Greece was not obliged to implement any measures that would deepen the country's recession.

However, German Chancellor Angela Merkel said that the joint statement issued had not changed any elements of the 20 February agreement which required Greece to complete a full list of reforms before any funds were released from its outgoing bailout.

The dangers of a Greek exit from the euro have increased in recent weeks amid recrimination between Greece and Germany over the speed and nature of reforms Greece must complete before accessing badly needed cash.

Last night's short statement, issued just before 3am, spoke of a "spirit of mutual trust" and a commitment to speeding up the process.

Greece could run out of money within weeks, with deposits already starting to leave Greek banks.

The statement said Greece would have "ownership" of the reforms - clearly some cover for the Greek prime minister who has raged against troika officials appearing to dictate what legislation Greece introduces.


The statement also stressed more than once that the terms of the agreement reached in February had to be adhered to, and these are the very reforms that have so far been lacking, according to eurozone officials.

The agreement has however, held out the prospect that Greece could receive fresh funding ahead of the end of April deadline enshrined in the February agreement - but only if it completes a full list of reforms in the coming days, and one which will have to be signed off by eurozone officials.
   [rte.ie]
20/3/15
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1 comment:

  1. Griechenland verspricht rasche Reformen...

    Im Schuldenkonflikt sind Griechenland und die europäischen Partner bei ihrem Spitzentreffen in Brüssel um Versöhnung bemüht. Athen will schnell neue Reformpläne vorlegen. Doch dem Land fehlen Zeit und Geld.............http://www.faz.net/aktuell/politik/ausland/europa/griechenland-verspricht-schnelle-reformen-13494704.html
    20/3/15

    ReplyDelete

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