Monday, March 7, 2016

Eurogroup agrees to discuss management of Greek debt commitments – Jornal de Negócios – Portugal

The Greek government has even act on several fronts, particularly in the pension system on privatization and budget part, to ensure that the discussion on your debt to take place. But the door was opened. And there was agreement that heads of mission back to Athens, which should already happen on Tuesday.

“The mission will return to Athens,” he said Jeroen Dijsselbloem, at the press conference that followed at the Eurogroup meeting, where, incidentally, he left a message that has yet to be work and efforts by the Greek government. But, he added, if the Greek government to fulfill the commitments made under the rescue program and achieve a primary surplus will do whatever it takes to make manageable annual debt, and that we have made clear that this discussion will be on our table in the near future . “I did not give timetable for this to happen or to the completion of the first review of the current rescue program, which agreement was reached last summer. Athens remains so without receiving the first tranche of two billion new euro redemption of up to 86 billion (the money received in summer was bridging loans).

But Dijsselbloem stressed several times that the Greek Government has work to do and have to make a additional effort, with deeper reforms. This, incidentally, was the message that had been passed before the Eurogroup meeting.

Pierre Moscovici, European Commissioner for economic affairs, pointed out the five areas of which are anticipated further measures by Greece: stabilization fund and advance to privatization; budget reform; pension reform – even said to be “decisive.” – the creation of the recipe control agency and the bonds

While tracing the five priorities for action in Greece, Moscovici said he was “pleased” by return of the heads of mission to the country.

More sparing with words, and out of the Eurogroup, the finance minister said Greece was only a meeting “very good”, with the return of agreement of the heads of mission including the IMF. He said he hoped negotiations on the debt. He concluded: “I am sure that sensible people when they sit at the table will find a sensible conclusion”

Minister of Finance of Greece believes that “reasonable people” come to a conclusion “sensible”

.

In this Eurogroup also discussed the Cyprus program. Cyprus will end successfully its foreign aid program later this month, and the European Commission and the Eurogroup welcomed the country for this milestone.

Eurogroup welcomes Cyprus by the end of the aid program

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