Cyprus Mail

Greece optimistic on deal with euro zone next week

Greece is optimistic about reaching a deal on economic reforms with its euro zone peers early next week, unblocking urgently needed funding, its economy minister said on Thursday.

After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it would present a package of reforms to its euro zone partners by Monday in the hope of unlocking aid and avoiding bankruptcy.

“I believe that at the beginning of next week we will have an agreement on the package of reforms the Greek government is proposing, and on the funding of the country,” Economy Minister George Stathakis told Antenna TV.

He did not specify when the list would be sent.

The reforms are a sensitive issue for Prime Minister Alexis Tsipras’s leftwing government, which came to power in January pledging to end austerity.

It is not clear whether they will include measures agreed by the previous conservative-led government, such as privatisations and pension reforms.

Euro zone authorities have said Athens, which has been kept afloat by EU/IMF bailouts worth 240 billion euros since 2010, will not get any further aid until the reforms are approved by the bloc’s finance ministers.

A source familiar with Greece’s financial position told Reuters on Tuesday Athens would run out of money on April 20 without new cash.

In a setback to the government on Wednesday, Greece failed to secure a quick cash payment from the euro zone after officials said Athens was not entitled to 1.2 billion euros from the European Financial Stability Facility.

Related Posts

EU expects more Russian gas cuts, readies plan to curb demand

Louisiana judge temporarily blocks abortion ban after US Supreme Court ruling (Updated)

Reuters News Service

Ten dead, 251 injured in chlorine gas leak at Jordan’s Aqaba port (Updated)

Reuters News Service

Russia says it is expelling eight Greek diplomats

Norway police seek delay to Pride events after gay bar shooting

Reuters News Service

Credit Suisse found guilty in cocaine cash laundering case


Comments are closed.