Monday, July 13, 2015

Greece need to strengthen reform proposals to get help ESM – RIA Novosti

Flag of Greece and the EU at the parliament building in Athens. Archival photo

© AP Photo / Emilio Morenatti

BRUSSELS, Jul 13 – RIA Novosti, Maria Knyazev. offers Greece on reforms necessary to strengthen, before there can be an agreement on new loans from the European Stability Mechanism (ESM), said in a statement EuroSummit on which this decision was taken.

Statement EuroSummit, marked on July 12 provided a RIA Novosti source close to the leadership of the EU. Marking that it could be a draft statement on the document is missing. The summit of the leaders of the eurozone – EuroSummit started the evening on July 12 and ended on the morning of July 13, he was about 17 hours.

As the head of the Eurogroup Jeroen Deysselblum at a press conference after EuroSummit, before the conclusion of an agreement on new loans EU still plans to review the adequacy of the proposals of Greece for a number of reforms, including the food market and the labor market.

” To form the basis for the successful conclusion of a memorandum of understanding (agreement on new loans for implementation of the economic program – ed.), Greece’s reform proposals should be serious efforts to account deteriorated significantly over the last year economic and fiscal position of the country, “- said in the document.

A few days ago, Greece presented its proposals on reforms that she is ready to spend in exchange for new loans from the ESM.

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