greeces pm warns too early to speak of bailout win
Last Updated : GMT 20:48:15
Arab Today, arab today
Arab Today, arab today

Greece's PM warns too early to speak of bailout win

Arab Today, arab today

Arab Today, arab today Greece's PM warns too early to speak of bailout win

Greek PM Alexis Tsipras
Athens - AFP

Greece's PM Alexis Tsipras warned Saturday that a high-stakes eurogroup meeting to resolve the country's bailout drama was going to be tricky, despite progress made in negotiations with the EU.
"Monday's negotiations at the Eurogroup will be difficult," he told Real News weekly, as Greek and EU officials met for talks on Athens' demands for a radical restructuring of its massive international bailout programme.
"In Brussels, our partners met another Greece, one that knows what it wants to ask for. A significant step forward was taken, it is however early to speak of an agreement," he said.
The consultations began Friday after Tsipras laid out his plans to his peers, including Europe's sceptical paymaster German Chancellor Angela Merkel, at his first European Union summit.
Merkel recognised the need for compromise on all sides, but also called for Greece to respect the conditions of the bailout -- a position that neatly encapsulated both sides in the stand-off.
"It is not a negotiation but an exchange of views to better understand each other's position," an EU official said of the final huddle Saturday before next week's meeting of eurozone finance ministers in Brussels.
"The talks are ongoing and the institutions are expected to report at the Eurogroup on Monday," the official said, without giving further details.
No discussions are scheduled for Sunday, with the parties reporting back to their governments to complete preparations for Monday's meeting of the 19 eurozone finance ministers at 1400 GMT.
Dutch Finance Minister and Eurogroup head Jeroen Dijsselbloem said Friday he was "pessimistic" about the prospects of any quick deal.
- Sky-high ambitions -
"The Greeks have sky-high ambitions. The possibilities, given the state of the Greek economy, are limited," Dijsselbloem said in describing the difficulties in finding common ground.
"I don't know if we'll get there by Monday," he added.
US Treasury Secretary Jacob Lew urged all sides in the talks to "set aside rhetoric and focus on reaching a pragmatic path forward."
The EU and the International Monetary Fund bailed Greece out in 2010, and then again in 2012 to the tune of some 240 billion euros, plus a debt write-down worth more than 100 billion euros ($113 billion).
In return for the bailouts, the then centre-right Greek government agreed to a series of stinging austerity measures, and the much-resented oversight by the EU, IMF and European Central Bank 'troika'.
Tsipras won elections last month on promises to ditch the programme, which he said had wrecked the economy and sent the jobless rate soaring.
In a more conciliatory move, however, Athens also said it could live with 70 percent of the current programme, but that Greece must be allowed leeway on the rest so it can do more to boost the economy.
The government's efforts have been largely applauded at home, where it enjoys an approval rating of just over 60 percent, according to a poll by Kappa Research for the Vima weekly, published Saturday.
Some 46 percent of those polled said they believed the economic situation would improve in the next 12 months, while 25 percent said they were in favour of leaving the common currency and returning to the drachma.
Thousands of Greeks were expected to take to the streets in the capital and across the country on Sunday evening for pro-government demos ahead of the Brussels meet.
In a show of support, several hundred people in debt-laden Italy -- which has also suffered the effects of austerity -- rallied in Rome Saturday, with one organiser saying "Greece is not alone! Europe must change."  
Time is of the essence in resolving the impasse amid fears that failure could force Greece out of the eurozone, with potentially disastrous consequences for all concerned.
The country's current debt rescue expires at the end of this month, and the ECB has signalled it is unwilling to offer Greece the cheap funding to keep its banking system afloat if there is no new arrangement between Athens and its creditors.

 

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*

greeces pm warns too early to speak of bailout win greeces pm warns too early to speak of bailout win

 



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*

greeces pm warns too early to speak of bailout win greeces pm warns too early to speak of bailout win

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
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 Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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