The 9bln Euro measures to be discussed at the Eurogroup

22 April 2016
613 Views

The progress of negotiations between Greece and its creditors is turning into somewhat of a ‘mystery’. Despite the Greek government’s attempt to foster a sense that a deal is very close, the Quartet does not seem to share its optimism. Greek Finance Minister Euclid Tsakalotos will leave for Friday’s Eurgroup meeting in Amsterdam with the ‘trump card’ of the European Commission’s forecast that the country’s primary surplus will be 0.5-0.7 percent of GDP (1bln Euros), compared to the IMF’s worse predictions of a 0.6 percent deficit. The Greek government is attempting to exploit the apparent rift between the MF and its EU partners, as it is not clear whether the institutions have agreed on more ‘preventative measures’ A Greek official admitted that the best result the Greek side expects after Thursday’s meetings with the Quartet is an official statement today by the Eurogroup of another emergency meeting in the immediate future, either before of after Orthodox Easter. If the meeting is announced for before Easter this would mean the other member-states are also optimistic of a deal. The key factor for a possible agreement are the additional ‘preventative measures’ worth 3.6bln Euros requested by the IMF in Washington.

You may be interested

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks
WORLD
shares21 views
WORLD
shares21 views

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks

Panos - Nov 23, 2020

Jennifer O’Malley Dillon, would-be White House Deputy Chief of Staff for a Biden administration, managed Robert ‘Beto’ O’Rourke’s 2020 campaign and pushed…

The Greek island with the 235 Churches you must visit (drone video)
GREECE
shares30 views
GREECE
shares30 views

The Greek island with the 235 Churches you must visit (drone video)

Panos - Nov 23, 2020

Greece has been blessed to be sprinkled with hundreds of islands around its shores, with each offering visitors something unique.…

“Onisilos-Gedeon” Joint Exercise in Cyprus ends with great success (photos)
DEFENCE
shares23 views
DEFENCE
shares23 views

“Onisilos-Gedeon” Joint Exercise in Cyprus ends with great success (photos)

Panos - Nov 23, 2020

This week, after being put on hold for a year due to the COVID-19 pandemic, the “Onisilos Gedeon” exercise was held with…

Leave a Comment

Your email address will not be published.