Arab Today, arab today tsipras seeks honest compromise as greece wrangles with creditors
Last Updated : GMT 17:14:53
Arab Today, arab today
Arab Today, arab today

Tsipras seeks 'honest compromise' as Greece wrangles with creditors

Arab Today, arab today

Arab Today, arab today Tsipras seeks 'honest compromise' as Greece wrangles with creditors

Greek Prime Minister Alexis Tsipras
Athens - AFP

Greek Prime Minister Alexis Tsipras on Monday said he wanted an "honest compromise" as the cash-strapped country wrangled with eurozone creditors over a new package of reforms needed to unlock vital bailout funds.
Experts from the IMF and the EU are scrutinising a list of reforms that Athens has proposed in its bid to get the creditors to release 7.2-billion euros ($7.81-billion) in loans.
Greece's government says the reforms would help raise an extra three billion euros for its coffers without resorting to wage and pension cuts.
But the European Union warned Monday that there was still no deal.
"We're not there yet," European Commission spokesman Margaritis Schinas told reporters. "This is why the talks should benefit from further fact-finding in Athens that should continue."
Eurozone officials would likely hold a conference call this week, and then decide whether to call a full meeting of finance ministers after Easter.
More privately, European sources have accused Athens of hindering progress in the talks.
A defiant Tsipras told lawmakers late on Monday that he wanted a deal but would not submit to creditors unconditionally.
"We seek an honest compromise with our partners, but do not expect us to sign an unconditional surrender," Tsipras said during a parliamentary grilling on the negotiations.
"That's why we are under merciless attack but it's also the reason why (Greek) society supports us," he said.
Rival Greek parties have accused the prime minister of reneging on his election promises, claiming that he has secretly conceded austerity reforms in order to unlock the last tranche of aid funds by the end-April deadline.
In April, Athens needs to roll over 2.4 billion euros in short-term debt and repay another 820 million euros, including 460 million euros to the International Monetary Fund.
Among reforms proposed by Tsipras's government are proposals to levy higher taxes on the rich, as well as measures to tackle tax evasion and illegal fuel and cigarette smuggling.
But a European source told news portal in.gr that Greece's proposals still had to be fleshed out, and that "amateurism" by Greek officials was hindering progress.
Junior finance minister Dimitris Mardas on Monday said the creditors were pushing for lower pensions and more mass layoffs -- measures which the radical government has pledged to resist.
However, Mardas said an agreement could still be reached.
"The (creditors) have backed down on a number of issues, so I don't see something insurmountable," Mardas told To Vima radio.
The creditors are also pushing the radical government elected in January to abandon its plans to block a number of key privatisations.
But Mardas insisted that Athens would now no longer "sell its assets at humiliating prices."
- Privatisation U-turn? -
The government's stance on privatisations has caused confusion, with some ministers favouring asset sales and others dead set against it.
Over the weekend, there was an apparent split in the cabinet after the deputy prime minister suggested that Greece would go ahead with plans to privatise a key port despite earlier pledges by the new government to scrap the sale.
During a visit to China last week, deputy prime minister Ioannis Dragasakis said a controversial privatisation of the Piraeus port authority would be completed "within weeks," state agency Xinhua reported.
This would mark a change in policy, as the government in January had clearly pledged to halt the privatisation of Piraeus, one of the largest ports of the Mediterranean.
Chinese shipping giant COSCO already has a 35-year concession managing the two main container terminals at Piraeus, and is interested in obtaining a management role at the harbour too.
Dragasakis told Xinhua: "COSCO is an active participant (in the bid) and it can make a very competitive offer."
But the shipping minister Theodoros Dritsas quickly insisted that "these reports do not confirm a change in policy".
For the conservative New Democracy party that was previously in power, the episode is yet another example of how the hard-left Syriza government is wasting time.
"All this shows investors that they are not dealing with a serious country," former administrative reform minister Kyriakos Mitsotakis told Vima FM.

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 tsipras seeks honest compromise as greece wrangles with creditors Arab Today, arab today tsipras seeks honest compromise as greece wrangles with creditors

 



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 tsipras seeks honest compromise as greece wrangles with creditors Arab Today, arab today tsipras seeks honest compromise as greece wrangles with creditors

 



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 EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
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 Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

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