Greece: no agreement or decision after the meeting of the eurozone – L’Express

The meeting of the euro area dedicated to Greece ended Thursday without agreement or decision to approximate a little more the country from default at the end of the month, said several European leaders.

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“No agreement Strong signal sent to Greece to engage seriously in negotiations The Eurogroup remains ready to meet at any time, “said Valdis Dombrovkis, Vice-President of the European Commission responsible for the Euro, on his Twitter account.

“End of my first Eurogroup. Interesting indeed,” said on his Twitter account Alex Stubb, the Finnish Minister of Finance without further comment.

Appeal to compromise

The meeting, which lasted just under an hour and a half, has been described as “tragic” by a European source aware of the discussions. “There is not even a request to extend the program” financial assistance in progress, which Athens has since 2012, she insisted.

European Commissioner for Economic Affairs, Pierre Moscovici, has “appealed” to the Greek authorities, after another failure of talks between Athens and its partners Thursday, to call for compromise to avoid worse. A special summit of heads of state and government of 19 countries in the euro zone on Greece will be held on Monday evening in Brussels

The coffers are empty

If no breakthrough was expected, creditors, EU and IMF, Greece still hoped progress in the difficult negotiations on continued funding of the country. The fate of Greece depends on an agreement on budget savings to be made and the reforms to be implemented.

Athens must repay some 1.5 billion euros to the IMF on June 30 Now the coffers are empty, which makes imperative the payment to the country of 7.2 billion promised by its creditors and pending for months.

The boss of the IMF, Christine Lagarde, warned earlier in the day that Greece could not defer settlement expected at the end of the month, otherwise face a default. In such cases, the European Central Bank could no longer maintain emergency funding Greek banks, exacerbating the country’s situation.