Brussels says Greece has made little reform progress
A senior ranking European Union official has told Kathimerini that Greece made very little progress in August regarding its commitments to its lenders, insisting that their implementation ahead of the second review of the country’s third bailout this fall will create a positive dynamic.
The official spoke ahead of Tuesday’s Euro Working Group (EWG), and after Monday’s meeting in Brussels between European Commissioner for Economic and Financial Affairs Pierre Moscovici (photo), Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis.
All three agreed that it is imperative the second review is completed as soon as possible to make way for the discussion about Greece’s debt and the participation of the International Monetary Fund in the bailout.
However, another official told Kathimerini that the debt issue, which will be discussed at the EWG, has yet to catch on with other EU member-states.
You may be interested
Greeks consume 27% less food, Bank of Greece survey findsmakis - Jul 20, 2017
Bank of Greece (BoG) study reveals a collapse in Greeks’ net wealth, assets, income and consumption of goods and services.…
Erdogan: Greek Cypriot ‘intransigency’ to blame for talks failuremakis - Jul 20, 2017
Turkish President Tayyip Erdogan has blamed “Greek Cypriot intransigence” for the collapse of peace negotiations at the Swiss resort of…
The collapse of Cyprus reunification talks: Imposition of sanctions against Turkey is long overduemakis - Jul 20, 2017
By Constantine Tzanos, Contributor Nuclear engineer, PhD* July 7, 2017, marked the failure of another effort to solve the over…