Brussels, Bélgica.-Finance ministers from the Eurozone was introduced to Greece a stern warning on Friday to tell him that his government will not receive more help until you have a complete plan of economic reforms, while Athens is close to bankruptcy.
After a busy morning of talks with Greek Finance Minister, Yanis Varoufakis, the chairman of ministers Eurogroup Jeroen Dijsselbloem, rejected the request for an early release of funds, in exchange for reforms.
Dijsselbloem also said that after June the remaining 7,200 million euros in bailout funds would no longer be available, and Athens concluded that until a full interim agreement, the creditors of Greece no longer negotiate on longer term financing and debt relief.
“A list of detailed reforms are needed and comprehensive, “said Dijsselbloem in a press conference after a meeting in the Latvian capital, Riga. “A comprehensive agreement is necessary before it can be any disbursement (…) We are all aware that time is running out.”
The Greek Prime Minister Alexis Tsipras, said after meeting with Chancellor Germany’s Angela Merkel on Thursday in Brussels that he hoped there would be an agreement by the end of this month.
But Dijsselbloem said finance ministers return to review the process only May 11, a day before Greece must make a payment of 750 million euros to the International Monetary Fund.
President of the European Central Bank, Mario Draghi said the ECB would continue to provide emergency loans to Greek banks provided such should remain solvent, but warned that the rise in yields on Greek bonds was lowering the value of the collateral that the bank has to raise funds.
Given the wave of departures deposits, banks are kept afloat with 75,400 million euros in emergency liquidity assistance from the Greek central bank. But sources say the ECB in this life is criticized, and that help would be doubtful if Greece does not meet the payments to your creditors.
The Commissioner for Economic Affairs Europe, Pierre Moscovici, said that despite progress in recent days, international creditors were still not close to reaching an agreement with Greece .
“Today our message It is very clear: We must accelerate, we must accelerate from here on (…) there is no alternative if we reach the goal we all share, which is to have a stable and prosperous Greece anchored in the euro area “, Moscovici said.
Varoufakis wanted to downplay differences and said ministers had agreed to accelerate negotiations.
“We agree that it will be difficult to reach agreement but will and will happen quickly because it is the only option we have, “said the Greek minister in another press conference.
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