Arab Today, arab today europe progress not sufficient for greece debt deal
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Europe: Progress not sufficient for Greece debt deal

Arab Today, arab today

Arab Today, arab today Europe: Progress not sufficient for Greece debt deal

Athens is fast running out of money
Riga - AFP

The EU's top eurozone official warned Friday that not enough progress had been made in difficult debt talks with Greece to allow the payout of sorely-needed bailout funds and demanded deeper reforms.

The statement by Valdis Dombrovskis came as the eurozone's 19 finance ministers met in Riga to discuss the worrying situation in Greece and dashed hopes that a deal ending months of deadlock and avert a dangerous cash crunch would be reached during Friday's talks.

"Progress in technical negotiations has not been sufficient to reach any conclusion during this Eurogroup here in Riga," said Dombrovskis, the EU Commissioner for the Euro, as he arrived for the meeting with eurozone finance ministers.

Athens is fast running out of money to both pay its creditors and run the everyday government, raising the risk of a default and a potentially chaotic exit from the single currency bloc.

But ministers refuse to unlock any cash without a comprehensive list of reforms that the far left Syriza government has so far refused to agree, forcing Athens to expropriate funds from local state agencies and authorities to stay afloat.

"Progress has been made, I hope a lot of progress will be reported. I'm going to listen to the institutions first today," said Eurogroup chairman Jeroen Dijsselbloem as he arrived for the talks.

For weeks Greek officials and its international creditors have been locked in technical discussions over the reforms it must adopt in exchange for the funds, with a deadline originally set for the end of the month.

"I heard some positive news last week, but I need to know more," Dijsselbloem said.

"April isn't over yet," Dijsselbloem said.

"But the deadline is more important from the Greek side than the Eurogroup…. to make sure that there is enough money available," he added.

If no deal is reached in Riga, expectations will shift to the next Eurogroup meeting on May 11 on the eve of Greece's next hefty debt payment to the IMF.

"There's a message of urgency that we want to send. That message will be given to the Greek authorities," said Economic Affairs Commissioner Pierre Moscovici.

However, European officials are increasingly floating the end of the June as the true deadline for Greece, when the current 240 billion euro ($260 billion) programme expires.

"We still have time until the end of June, our final deadline," said Slovak Finance Minister Peter Kazimir, one of the hardest critics of Greece within the eurozone.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today europe progress not sufficient for greece debt deal Arab Today, arab today europe progress not sufficient for greece debt deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today europe progress not sufficient for greece debt deal Arab Today, arab today europe progress not sufficient for greece debt deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday