Bailout talks to resume on Tuesday, says government spokesman

20 April 2017
319 Views

The government on Thursday sought to set out a roadmap for the return of economic stability to Greece, with its spokesman Dimitris Tzanakopoulos announcing that foreign auditors will return to Athens next Tuesday and that a dragging bailout review will be completed by a Eurogroup summit on May 22.

Tzanakopoulos said bailout talks would resume next week with the aim of finalizing the additional measures and “countermeasures” agreed with creditors, and drafting a “complementary memorandum of cooperation as well as a memorandum with the IMF,” referring to the International Monetary Fund. The measures and additional agreements will then be put to a vote in Greece’s Parliament by mid-May so that the “final stamp” can be delivered at the May 22 Eurogroup.

Tzanakopoulos said the IMF may finance Greece’s current bailout, its third since 2010, with a small amount for one year. “What is under discussion is a small IMF funding program, which will last for one year and end at the same time as the ESM program, in August 2018,” Tzanakopoulos said, referring to the European Stability Mechanism.

The spokesman insisted that speculation about the possible need for additional economic reforms in 2018 was “groundless,” noting that the measures Greek MPs will vote on next month relate to 2019.

On the critical issue of debt relief, Tzanakopoulos said officials were seeking “a determination of medium-term measures that are general enough so as not to cause a political problem in Germany but specific enough… so as to satisfy the IMF in the effort that is under way to produce a positive debt sustainability report.”

You may be interested

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece
GREECE
shares55 views
GREECE
shares55 views

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece

makis - Nov 17, 2017

Turkish Deputy Prime Minister Bekir Bozdag accused Greece of imprisoning Muslim Imams, despite the country being a member of the…

Greek PM says country would rely on itself to face flood disaster
POLITICS
shares71 views
POLITICS
shares71 views

Greek PM says country would rely on itself to face flood disaster

makis - Nov 17, 2017

Greek PM Alexis Tsipras thanked European countries for offering to help after the flash floods in western Attica, Wednesday, which…

US meteorologist explains deadly storm that flooded Greek towns
GREECE
shares92 views
GREECE
shares92 views

US meteorologist explains deadly storm that flooded Greek towns

makis - Nov 17, 2017

“When the Atlantic hurricane season begins to quiet down in late October and November, it’s time to cast an eye…

Leave a Comment

Your email address will not be published.