EU of­fi­cial rules out re­view wrap be­fore Eurogroup

Kathimerini English - - Front Page -

A high-rank­ing Euro­pean of­fi­cial has ruled out any chance that the sec­ond re­view of the coun­try’s third bailout will be con­cluded by Mon­day’s Eurogroup.

The of­fi­cial, who de­clined to be named, said that at best, and if the left­ist-led coali­tion ac­cepts cred­i­tors’ pro­pos­als, eu­ro­zone min­is­ters will green-light the re­turn of tech­ni­cal ex­perts to Athens to con­tinue ne­go­ti­a­tions.

In­con­clu­sive talks over debt re­lief and re­forms have pre­vented a con­clu­sion of the re­view, rais­ing con­cerns over the Greek bailout pro­gram al­to­gether.

Euro­pean Com­mis­sion Vice-Pres­i­dent Valdis Dom­brovskis said as much speak­ing to Greek news por­tal Euro2­day yes­ter­day. “There is a com­mon un­der­stand­ing that time lost reach­ing an agree­ment will have a cost for every­one,” he said.

For its part, the gov­ern­ment in­sisted yes­ter­day that the econ­omy has met its bud­get tar­gets and there is no rea­son for ad­di­tional mea­sures in or­der to reach a deal with cred­i­tors. A deal “must be reached with­out ad­di­tional bur­dens and with­out ad­di­tional cost for Greek so­ci­ety,” gov­ern­ment spokesman Dim­itris Tzanakopou­los said yes­ter­day, adding that the In­ter­na­tional Mon­e­tary Fund and Ger­many’s fi­nance min­istry must “re­turn to real­ity” for a deal to be sealed.

Mean­while, Fi­nance Min­istry sources pre­dict that the the coun­try’s pri­mary sur­plus for 2016 will come in at 3 per­cent of GDP, which, they be­lieve, will strengthen the gov­ern­ment’s hand in ne­go­ti­a­tions.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.