The Eurogroup agreed conditionally extend four months its financial aid to Greece, announced in a statement the organization that brings together the 19 finance ministers of the euro area.
BRUSSELS The Eurogroup agreed conditionally to four months to extend financial aid to Greece, said Friday in a statement the organization that brings together the 19 finance ministers of the euro area.
“The first condition is that Greece will present a list of structural reforms (…) which should be ready on Monday,” said Eurogroup chairman Jeroen Dijsselbloem, after the company agreed to extend the program of financial aid to Greece expires at the end of February.
After a day of hard negotiations in Brussels Eurogroup finance ministers agreed to extend financial assistance to Greece in exchange for the country undertakes to submit a plan of reforms .
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“The new Greek government will present its reform agenda” for the new stage giving priority to the changes that have more in common with the EU and the fight against tax evasion and corruption, and restructuring of public administration and the response to the humanitarian crisis in the country, said a source from the Greek government Athens, following the announcement of the agreement.
The Euro and European Commissioner for Social Dialogue and vice president of the company, Valdis Dombrovskis, confirmed on his Twitter account that Greece had a “detailed list of reforms”.
The Eurogroup meeting (the 19 finance ministers of the euro area) finally started to “a draft declaration of the Eurogroup, presented by its President, Jeroen Dijsselbloem, which Greece gave its approval”.
Without an agreement, Greece faced the risk of running out of money quickly, doomed to an exit from the euro zone.
Greece, whose aid program expired on February 28, He is in favor of turning the page of austerity.
But Germany, represented by his finance minister, conservative Wolfgang Schauble, requires Athens continue cleaning up its public finances and structural reforms demanded in exchange for . two schemes to support amounting to 240,000 million euros (273,000 million)
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“. Greece is in the euro area “and” should remain in the euro area “, said Friday early Franóois French President Hollande, after a lunch in Paris with German Chancellor Angela Merkel before the start of the Eurogroup.
“Since we have a program for Greece, political action aims to keep Athens in the euro area”, coincided Chancellor during a joint press conference in the French capital.
To facilitate agreement, mediation was organized Friday by the euro zone, the IMF and the European Commission between the holder of German finance and his Greek counterpart, Yanis Varoufakis, maintaining bad relations, said a Greek source.
The initial position of the government of Greek radical left, he took on January 25, was aimed at increasing liquidity to adopt social reforms, which are in contradiction with the tough austerity program imposed on Athens after the rescue.
Athens on Thursday gave an important step towards compromise and decided to request an “extension” of the agreement for financial assistance to eurozone requesting him to accept this week.
In a letter addressed to the Eurogroup, the Greek Government also said he was willing to accept the “supervision” of its creditors (EU, ECB and IMF) and pledged to refrain from “any unilateral action” that undermines its budgetary targets.
In return, claiming some “flexibility” that would rectify the most painful austerity measures, as promised Alexis Tsipras, the new prime minister of radical left, during his victorious campaign.
Just the term “flexibility “is what generates fear in several countries, in the case of Greece it used to not fulfill their commitments.
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