Tuesday, November 29, 2016

Moscovici looking for in Athens to pave the way for a future debt restructuring – euronews

The european commissioner for Economic Affairs, Pierre Moscovici, met with the Greek prime minister, Alexis Tsipras, during a two-day visit to Athens to try to speed up the third bailout of the country. On the 5th of December we celebrate a Eurogroup, which would have to be approved the entry of the International Monetary Fund (IMF) in this third rescue 86,000 million euros in exchange for new reforms of the Government. And, this, standby at the same time that your creditors will grant a further reduction of the debt.

"What I want is to achieve a commitment and that, within the spirit of get a progress for Greece and the eurozone, we manage to reach an agreement at the technical level before the end of this week," said Moscovici. "So we can carry out a Eurogroup successful on 5 December, that will open the path that I’m pursuing: a joint agreement, a global agreement".

But they continue to open several fronts between the parties: the amplitude of the labour reform, the number of people that are exempted from the income tax or the fiscal discipline to the it is submitted to the Executive in the future.

"Not only is the cut of our pensions, or loans that have to be repaid", complains an elderly woman on the streets of Athens. "The problem is that our lives are topsy-turvy and we lack the basics. It is what happens to my sister and her husband, and me."

"we can’t move forward," laments an old man. "We just have for a couple of weeks. Then, we ran out of money. People don’t have even to buy food".

Greece is living its sixth consecutive year of recession, the same time that last the draconian measures imposed by its lenders.

"The Greek government is confident a debt relief, something that can be achieved after a tough negotiation with their creditors," explains the correspondent in Athens of Euronews, Giannisis Stamatis. "But, even if you get this, the greeks will not notice large benefits because it will continue to live in austerity".

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