Sunday, July 12, 2015

The Eurogroup will require additional measures in Greece and guarantees – RBC

Photo: Oleg Yakovlev / RBC

The finance ministers of the eurozone countries are working on a joint statement in which they asked Greece to take additional measures and to provide guarantees for the implementation of its promises. Reuters reported, citing sources in the EU.

According to the source, the draft statement of the Eurogroup, on which the finance ministers of the eurozone countries worked on Saturday, will be transferred to the additional measures will be required to provide Athens new financial assistance.

The source explained that the 18 eurozone countries want to Athens proposed additional measures, as well as providing guarantees of their performance.

On Saturday there was a meeting of ministers of the eurozone countries, where discussed the proposals submitted by Greece to overcome the crisis needed to provide another financial aid package. The meeting ended without the adoption of any decision. Today, the Eurogroup will continue to discuss.

On the eve of the meeting of the President of the Eurogroup Jeroen Deysselblum he said that the proposals of Athens in terms of tax policy and reforms are still caused a lot of criticism. According to him, there is the question of confidence to the Greek government by creditors. “Can we be sure that the Greek authorities will make that offer? How can they prove to us that they are trustworthy? “- Asked questions president of the Eurogroup. Deysselblum.

Athens proposed reform plan was sharply criticized by the German Finance Minister Wolfgang Schaeuble. He described the proposal of Greece as “unacceptable” and opposed further negotiations. With criticism of the Greek proposal was also made by the Minister of Finance of the Netherlands Eric Vibes. According to him, his country there are “serious doubts” in the ability of the Greek side to implement its proposals.

At the same time the European Central Bank, European Commission and International Monetary Fund found Greece offers a basis for further negotiations. This assessment has been transmitted before a meeting of the Eurogroup Jeroen Deysselblumu its president. Earlier, the Greek authorities proposals to creditors were supported by the Greek parliament.

Today’s meeting of ministers of the eurozone countries is scheduled for 11:00. It will be preceded by a summit of the leaders of the eurozone countries, which will take place later and where will be decided by the Greek question. After that, the summit leaders will take a common European Union.

 

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