Arab Today, arab today merkel dampens hopes for greek loan deal
Last Updated : GMT 18:10:24
Arab Today, arab today
Arab Today, arab today

Merkel dampens hopes for Greek loan deal

Arab Today, arab today

Arab Today, arab today Merkel dampens hopes for Greek loan deal

German chancellor Angela Merkel (L)
Riga - AFP

German Chancellor Angela Merkel has dampened hopes for an end to marathon talks with Greece on a new loan deal as cash-strapped Athens said an agreement was possible by end month.

Speaking after a two-hour meeting late on Thursday with Greek Prime Minister Alexis Tsipras and French President Francois Hollande in Riga, Merkel urged Athens to continue talks with its international creditors.

"It was a very friendly and constructive exchange," Merkel said.

"But it is clear, the work with the three institutions has to go on. There is still a lot to do," she added, referring to the European Union, European Central Bank and the International Monetary Fund who have bailed out Greece twice to the tune of 240 billion euros ($267 billion).

The three leaders met on the sidelines of the EU-Eastern Partnership summit in the Latvian capital.
Tsipras is now scheduled to see European Commission chief Jean-Claude Juncker.

Tsipras' radical leftist government is locked in talks to obtain fresh funding with international creditors who are demanding more tough austerity measures in return.

After the meeting, the 40-year-old Greek leader said he was "confident" an agreement would emerge soon.

"I am confident that we will soon be able to reach a steady, long-term and viable solution without the mistakes of the past, and that Greece will return to growth with cohesion," the prime minister said after the talks.

Greek government spokesman Gabriel Sakellaridis told Skai TV on Friday that a deal was possible by the end of the month.

"We have covered a significant distance in finding common ground with the creditors," Sakellaridis said.

"We believe the circumstances are ripe...so that in the next 10 days, in May, a deal can be sealed," he said.
Merkel said she and Hollande had offered Tsipras help during the talks but it was up to Athens to reach an accord with the three creditors.

"The conclusion has to be found with the three institutions and it has to be worked very, very intensively," she said.

An aide to Hollande said earlier that the talks late Thursday had been "friendly and constructive (and had) ... focused on the desire to reach an agreement on the current programme."

A Greek government source said separately that Merkel and Hollande "understood the need for a long-term deal."

The immediate focus is what reforms the radical left Tsipras can accept in return for the release of a final 7.2 billion euros ($8.2 billion) in bailout funds Athens needs to avoid defaulting on its debt and possibly crashing out of the eurozone.

According to reports, the creditors are demanding budget cuts worth 5.0 billion euros.

Sakellaridis said the talks partly hinged on higher VAT rates demanded by Greece's creditors.
The government -- which was elected in January on a pledge to eliminate austerity -- is also under pressure to cut pensions and drop plans for a hike in the minimum wage.

The delay in reaching an agreement has led to concerns Athens is running critically short of cash and may soon end up defaulting, which could set off a messy exit from the euro.

Highlighting the Greek state's difficult economic situation was the fact that Tsipras flew to Riga aboard a Greek military transport plane as government jets are sidelined for maintenance.

 

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 merkel dampens hopes for greek loan deal Arab Today, arab today merkel dampens hopes for greek loan deal

 



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 merkel dampens hopes for greek loan deal Arab Today, arab today merkel dampens hopes for greek loan deal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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