The finance ministers of the euro area today concluded a day of discussions without agreeing on the possibility of negotiating a third bailout for Greece, and decided to continue the debate on Sunday July 11.
The finance ministers of the euro area today concluded a day of discussions without agreeing on the possibility of negotiating a third bailout for Greece, and decided to continue the discussion on Sunday July 11.
“It’s still very difficult (to reach a consensus), but we’re working on it,” said Eurogroup chairman Jeroen Dijsselbloem, at the end of a meeting of about eight hours, of which euro partners went further divided.
“We had a thorough discussion of credibility and trust,” Dijsselbloem said.
A block formed by countries North, most notably Germany and Finland, consider that the reforms proposed by Athens are still insufficient and that there is reasonable assurance that the government of Alexis Tsipras the starts.
The plan, approved by the Greek Parliament on Friday night, it is very similar to what was rejected by 61 percent of Greek voters in the referendum last week.
Tsipras promised reforms saving 13 billion euros with tax increases, benefits to pensioners and subsidies to farmers, further privatization and liberalization of certain professions.
The German Finance Minister, Wolfgang Schauble, tabled a proposal temporary exit of Greece from the euro area for five years, “if the debt sustainability and the reform proposals are not realistic,” said diplomatic sources.
However, senior officials They stated that the option is not covered by the European treaties.
Meanwhile, the Finnish owner, Alexander Stubb, would have opposed any new aid to Greece, following orders of their parliament, the estimate otherwise, it could bring down the government, according to local press reports.
The Eurogroup will meet on Sunday at 09:00, before moving the discussion to the rulers of the area euro, who will have the final say hours later.
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