The agreement with Greece must be credible for the whole area: Eurogroup – El Diario de Yucatan

         

     

Brussels, Belgium. (Notimex) .- The agreement on Greece’s debt must be credible for the country itself and for the other members of the euro zone, today defended the Eurogroup chairman Jeroen Dijsselbloem, by asking ‘further steps’ to the Greek authorities.

‘There are still large gaps between the positions of Greece and the institutions (creditors)’ Dijsselbloem said before entering the meeting with the finance ministers of the monetary union in Luxembourg.

‘We must have a credible solution it is for the Greek economy, the Greek budget, but also for the eurozone as a whole, “he stressed.

Because the ads’ not very positive ‘made by both sides throughout the week, Dijsselbloem expressed no hope in the possibility of an agreement during the meeting on Thursday.

‘ It takes new steps. If you will be put on the table today, I do not know, “said the president of the Eurogroup noting that the time ‘is running out’.

” The program we have and we have extended ends later this month (June 30). And then all the funds set aside to help Greece return to the European Financial Stability Facility and no longer available ‘he observed.

Greece still has available a stretch of 7.2 billion euros (8.2 billion) of the current rescue, but disbursement is conditional on the adoption of reforms that are deemed sufficient by international creditors.

do not receive the aid, Athens would find no liquidity to cover debt of 1.5 billion euros (1.7 billion dollars) it has with the International Monetary Fund (IMF) maturing on June 30.

The Greek Finance Minister, Yanis Varufakis, reached the meeting with his counterparts promising submit proposals of his government to ‘replace the expensive discord effective consensus’.

However, he did not specify whether this includes new proposals, as they expect their partners.

‘Some time ago, the president of the European Central Bank, Mario Draghi, said quite correctly that the euro succeed anywhere, it is necessary to succeed everywhere, “he recalled, before entering the meeting without answering questions from journalists

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