Negotiations on Greek debt end without agreement in Brussels – Reporter.com.mx

The elections to be held in the Netherlands on 15 march and then in France add uncertainty to the problem. AP / FILE

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• The head of the Eurogroup, Jeroen Dijsselbloem, he explained that there was progress during the five hours of conversations

there was No agreement in the midst of growing fears about a new crisis

BRUSSELS, BELGIUM (10/FEB/2017).- A round of negotiations between Greece and its creditors was concluded on Friday without agreement, amid growing fears about a new crisis.

Greece remains a complicated front negotiator simultaneously with their partners creditors of the euro zone and the International Monetary Fund (IMF).

The head of the Eurogroup, Jeroen Dijsselbloem, explained that there was progress during the five hours of discussions, led by greece’s Finance minister, Euclid Tsakalotos, and responsible of the EU and the IMF.

“everyone understands that there is to conclude the second review” of the debt, said Dijsselbloem, referring to the current stage of bargaining.

The Greek government must repay seven billion dollars this summer, and can’t do that without in turn obtain new loans from the vital financial support that was agreed with their partners, for a total of 86 billion dollars.

The elections to be held in the Netherlands on 15 march and then in France add uncertainty to the problem.

Dijsselbloem warned that the next meeting of the ministers of the eurozone, the February 20, represents too short a period.

“we Will do a review of progress (during this meeting), explained the Dutch minister of Finance.

The main question is whether Greece can achieve a primary surplus equal to 3.5% of its GDP for several years, once the current aid program, in 2018.
To the IMF, Greece will only be able to achieve a 1.5% surplus. To get to the 3.5%, Athens needs more internal reforms, something that the government rejects.