De­ci­sion on debt to come by year-end

Kathimerini English - - I N T E Rv I E W -

Eurogroup­pres­i­dent Jeroen Di­js­sel­bloem told a Dutch news­pa­per yesterday that ne­go­ti­a­tions on the is­sue of ad­just­ing the Greek na­tional debt will have to be com­pleted by the end of the year.

In an in­ter­view with De Volk­skrant, the Dutch fi­nance min­is­ter said that the re­pay­ment time for the Greek debt could be ex­tended, but talks on that will have to fin­ish by end-De­cem­ber. In re­sponse to dis­agree­ments that have be­come ap­par­ent be­tween the eu­ro­zone and the In­ter­na­tional Mon­e­tary Fund on the sus­tain­abil­ity of the Greek debt and the lat­ter’s par­tic­i­pa­tion in the bailout pro­gram, Di­js­sel­bloem said that this is a “step-by-step process.”

“We are try­ing first to give some sub­stance to the no­tion of sus­tain­abil­ity,” he said, not­ing that on this point there is agree­ment with the IMF, as the debt’s an­nual ser­vic­ing should not ex­ceed 15 per­cent of the coun­try’s gross do­mes­tic prod­uct.

Yesterday Euro­pean Com­mis­sioner for Eco­nomic and Mon­e­tary Af­fairs Pierre Moscovici an­nounced he will ar­rive in Athens to­mor­row for a two-day of­fi­cial visit.

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