Bailout program review negotiations put on “on hold”

12 April 2016
758 Views

The Minister of Finance Euclid Tsakalotos announced that the negotiations with the quartet will be put “on hold”, shortly after 2am, meaning that no agreement has yet been reached.

As such, the Greek side will aim for an agreement when the quartet returns to Athens on the 18th of April and before the 22nd April Eurogroup in Amsterdam. The negotiators for the Greek government and institutions will be in Washing over the weekend, for the IMF’s annual spring meeting, where an effort will be made to cover the distance that separates the European Commission and IMF.

Mr. Tsakalotos told journalists that “we will reach a staff level agreement ahead of the Eurogroup” and further explained that while significant progress was made in many major issues, there was not enough time for the ‘smaller’ items on the agenda.

Government sources commented that this development will mean that Greece will wait to see how the IMF-Europe talks pan out over the weekend, before deciding upon what concessions could result in a final agreement.

The issues discussed on Monday included the pension reform, budget gap and management of non-performing loans. On the contrary, issues related to the Ministries of Education, Justice and Energy, as well as the new privatization fund, were not put on the table, as initially planned.

You may be interested

Senior high schools across Greece to open on April 12
GREECE
shares52 views
GREECE
shares52 views

Senior high schools across Greece to open on April 12

Panos - Apr 08, 2021

Senior high schools across the country will open on April 12 with both students and teachers obligated to take Covid-19…

“Dear God, Please help me to hate White people”, writes African-American theology Prof. in prayer book
WORLD
shares64 views
WORLD
shares64 views

“Dear God, Please help me to hate White people”, writes African-American theology Prof. in prayer book

Panos - Apr 08, 2021

A seminary professor wrote a prayer in which she asks God to help her “hate White people.” Chanequa Walker-Barnes is…

Joint military exercise wth Greece, France, and Cyprus
DEFENCE
shares356 views
DEFENCE
shares356 views

Joint military exercise wth Greece, France, and Cyprus

Panos - Apr 08, 2021

A small-scale military exercise with the participation of Greece, France, and Cyprus, was conducted today, in the framework of the…

Leave a Comment

Your email address will not be published.