BRUSSELS (Reuters) – The finance ministers of the euro area hold an extraordinary meeting on Wednesday 11 February to discuss how to proceed with the financial support to Greece.
The meeting will begin at 16:30 GMT in Brussels, will be an opportunity for the Greek government emerged from the elections on January 25 present his economic reform plan to strengthen its public finances.
The meeting will be a preamble to the meeting between leaders of the European Union (EU) on the subject, which is scheduled for Thursday 12 will be the first European event for the new Greek government, and first meeting of the newly elected Minister Alexis Tsipras with German Chancellor Angela Merkel.
Tsipras respect “contract” with the Greek people
The Greek anti-austerity leaders told reporters Friday that renegotiate the huge debt of the country, despite have found few allies to their cause during a European tour.
“The government will respect the mandate of the people” who voted for an end to austerity and debt renegotiation, the government spokesman, Gabriel Sakellaridis in Antenna network said.
“We are a sovereign country, we have a democracy, we have a contract with our people and we will respect” had assured Alexis Tsipras yesterday at a meeting with leaders of the radical left party, Syriza, winner of the elections on January 25.
Tsipras and his finance minister, Yanis Varoufakis, toured Paris, London, Rome, Frankfurt, Brussels and Berlin in the last six days to explain its economic recovery plans for a financially cornered Greece.
The tour started with some signs of empathy, but ended badly. The German finance minister, Wolfgang Schäuble, reiterated his opposition -first country’s economy and leader of the euro area to renegotiate the Greek debt and expressed skepticism about plans for Athens to restructure these loans.
This was further added to the decision of the European Central Bank (ECB) cut off access from the Greeks to one of their channels of financing banks.
The Greek government might not get support from other members of the Eurozone, but its citizens: thousands of people marched in Athens to express their solidarity with the executive Tsipras.
On Friday, after having fallen 3.3% yesterday, the Athens Stock Exchange closed again downward (1.97% less), reflecting market uncertainty over Greece’s strategy towards its creditors .
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