Saturday, May 7, 2016

According to Juncker, Greece has “almost reached” its objectives of reform – The World

A Eurogroup is expected in Brussels on  Monday. He needs to look at the review of Greek  reforms.

the first discussions on the possibility of a Greek debt management will be conducted on Monday in the context of the Eurogroup, said the president of the European Commission Jean-Claude Juncker

Read also:. Towards a repeat of the crisis of summer 2015 in Greece?

In an interview to be published Sunday, May 8 in the newspapers of the German group, Funke Mediengruppe, the Luxembourger details as follows: “We are currently in the first program review [of aid plan for Athens] and objectives are almost achieved. “

The creditors had this ” review “, which is used to evaluate the progress of reforms in the country against international loan that was him granted in the summer 2015, prior to any discussion on the debt. But after months of discussions, these measures have not yet received the necessary good report, mainly because of differences between the European Union (EU) and International Monetary Fund (IMF).



No outright debt reduction

the Eurogroup scheduled Monday in Brussels, must again address this issue. At that meeting, ministers of eurozone finance will be addressed, according to Mr Juncker, “how long can make debt sustainable in Greece” . And remember however that an outright reduction of one that is not on the agenda.

The statements of Mr Juncker and are in line with those of the Greek minister Euclid Tsakalotos finances. This Saturday urged his peers to approve the reforms undertaken by his country and abandon the 3.6 billion euros of additional measures demanded by creditors to confirm their evaluation.

Read also: Greece strike against the measures required by its creditors

IMF chief Christine Lagarde also asked in a letter to members of the Eurogroup, revealed Friday by the Financial Times and whose Agence France-Presse has obtained a copy, to open the discussion on the debt. She also stressed the need for a downward revision of the goal of a primary budget surplus (excluding debt service) of 3.5% of GDP for 2018, deemed “counterproductive” by the Fund and justifies until additional measures called for.

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