Arab Today, arab today greek government set for first talks with eurozone partners
Last Updated : GMT 10:36:03
Arab Today, arab today
Arab Today, arab today

Greek government set for first talks with eurozone partners

Arab Today, arab today

Arab Today, arab today Greek government set for first talks with eurozone partners

Greek Prime Minister Alexis Tsipras (R)
Athens - AFP

Greece's new anti-austerity government is set to hold its first talks Friday with its eurozone partners about its ambitions to secure a reduction in the massive debts linked to its 240-billion-euro ($269 billion) international bailout.
Prime Minister Alexis Tsipras is due to meet Jeroen Dijsselbloem, the current head of the eurozone group of finance ministers in an encounter that Athens said would mark the start of Greece's negotiations on revising the conditions of its massive bailout.
But the talks come hot on the heels of a warning by the European Union and Germany that there was little support for reducing the debt, which the radical new government is hoping to cut in half.
Ahead of the Friday meeting, Greek bank stocks rebounded Thursday after plunging the day before on concerns about the first moves of Tsipras's radical new administration to roll back several reforms underpinning the bailout.
European Parliament chief Martin Schulz on Thursday became the first foreign dignitary to meet Tsipras' government, and said the prime minister had assured him that Greece would seek "common ground" with its EU peers.
Schulz added that Tsipras had stressed Athens would not seek a "unilateral solution" to the renegotiation of its multi-billion-euro bailout.
But in an interview late on Thursday, Schulz said Tsipras' coalition alliance with the Independent Greeks, a hardline nationalist party, was "not something good for the country."
"This government will enter into confrontation with the European Union at a time when dialogue is needed," he told SKAI TV.
Elected on Sunday, the new government has already begun to roll back years of austerity measures demanded by the EU and the International Monetary Fund in return for the huge bailout granted to avoid a financial meltdown in 2010, and says it will negotiate to halve the debt.
- 'Debt reduction not on radar' -
But European Commission chief Jean-Claude Juncker said a reduction of the 315-billion-euro debt linked to the bailout "is not on the radar".
"I don't think there's a majority in the Eurogroup... for a reduction of the debt," he told Germany's ARD television, referring to the eurozone's finance ministers.
Sigmar Gabriel, Germany's vice-chancellor and also its economy minister, said he expected Greece to "stick to its commitments" for fiscal and economic reform made in exchange for the bailout.
He was critical of a decision by the new government to scrap the privatisation of major ports and power companies, decisions which have also drawn a rebuke from China that has a major investment in one of the ports.
Greece said negotiations would start in earnest with Dijsselbloem's visit on Friday, with the finance ministry saying it hoped talks could lead to "a viable, comprehensive agreement to rebuild our social economy".
Dijsselbloem, the Dutch finance minister, will meet Tsipras and his outspoken Finance Minister Yanis Varoufakis, a maverick economist who regularly shares his thoughts on his personal blog.
Varoufakis will ramp up Greece's efforts to rally support for a renegotiation when he visits Britain, France and Italy next week.
- Greek stocks rebound -
Greek bank stocks rebounded by nearly 13 percent on Thursday after plunging by more than a quarter a day before.
The Athens market closed 3.16 percent higher on Thursday, driven by the banks' partial recovery.
The Greek central bank said 4.0 billion euros in private deposits had been withdrawn from banks in December.
Daniele Nouy, head of the European Central Bank's Supervisory Board, said despite the post-election turbulence, Greek lenders were "pretty strong".
Tsipras' government was also embroiled in its first foreign policy row after it complained to Brussels over allegedly not being consulted when the EU threatened new sanctions against Russia over the war in Ukraine.
EU foreign ministers eventually overcame Greece's reluctance and agreed Thursday to extend the sanctions against Russia.
Tsipras' Syriza party has been seen as pro-Russia, with Moscow's ambassador becoming the first foreign official to be received by the prime minister after his election victory. Many party members are former Communists.
Tsipras, who ousted the conservatives of former prime minister Antonis Samaras, has said Greece is no longer prepared to bow to the "politics of submission", in a clear swipe at its international creditors.
Finance Minister Varoufakis has said the government wants "a pan-European New Deal" to encourage growth and help the continent deal with Greece's crisis.

 

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 greek government set for first talks with eurozone partners Arab Today, arab today greek government set for first talks with eurozone partners

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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