Merkel: I hope we take final step with Greek programme on Thursday

19 June 2018
685 Views

German Chancellor, Angela Merkel expressed hope that the Eurogroup meeting on Thursday would be the last step for the Greek bailout programme during a joint press conference with French President Emmanuel Macron.

Mrs Merkel pointed out that “at that point, all euro countries will be out of the programmes” and it will be the right time to implement measures to defend the eurozone.

“Now I think we have the timing. On Thursday, I hope we will be able to take with Greece the last step in the programme. Then all euro countries will have exited the programmes it will be the right time to say ‘now we have to make the Eurozone safe from crisis’ and I believe we can make a good step with our proposals at the Eurozone Summit we will have after the European Council next week”, the Chancellor said at the joint press conference with Emmanuel Macron in the framework of the consultations aimed at presenting a German-French proposal at the Summit at the end of the month.

Angela Merkel also stressed that an economic and monetary union could only be maintained if economic policies converged and gave an example of the cooperation between Germany and France in order to harmonise the corporate tax system and the progress made by the two Finance Ministries on the cross-border Banking union.

She stressed, however, that in order to allow for convergence, some countries needed additional assistance and pointed out that “convergence in the Eurozone is not yet sufficient”.

You may be interested

Covid-19 Greece – 2,152 new cases on Wednesday
GREECE
shares18 views
GREECE
shares18 views

Covid-19 Greece – 2,152 new cases on Wednesday

makis - Nov 25, 2020

The Greek authorities announced 2,152 new cases of coronavirus on Wednesday, of which 6 were detected following checks at the…

Greece provides 50% tax deductions to foreigners and Greeks abroad
FINANCE
shares23 views
FINANCE
shares23 views

Greece provides 50% tax deductions to foreigners and Greeks abroad

Panos - Nov 25, 2020

The Greek Finance Ministry is introducing a series of tax incentives with the aim of attracting foreign workers and the self-employed, as…

No Tram and Metro services in Athens on Thursday due to strike
GREECE
shares23 views
GREECE
shares23 views

No Tram and Metro services in Athens on Thursday due to strike

Panos - Nov 25, 2020

Commuters in Athens will have no tram and metro services this Thursday, November 26, after staff in STASY, the fixed-rail…

Leave a Comment

Your email address will not be published.