Greece warned against reversing austerity as it rejects bailout administrators
- 9 years ago
Greece says it will no longer cooperate with its bailout lenders – the so-called troika of the International Monetary Fund, the European Commission and the European Central Bank.
The Greek Finance Minister Yanis Varoufakis confirmed that during a tense news conference alongside the eurozone’s finance chief, Eurogroup President Jeroen Dijsselbloem:
Varoufakis accused the troika of trying “to implement an anti-European programme”. He added: “We see no purpose in cooperating with this tripartite committee that the European Parliament has criticised as being built on a rotten structure.”
Dijsselbloem in turn warned the new Greek government against reversing austerity measures saying they must respect the terms of the existing agreement.
“Taking unilateral steps and ignoring previous arrangements is not the way forward,” Dijsselblloem said. “The problems of the Greek economy have not disappeared or changed overnight with the elections.”
The meeting ended with an awkward hands
The Greek Finance Minister Yanis Varoufakis confirmed that during a tense news conference alongside the eurozone’s finance chief, Eurogroup President Jeroen Dijsselbloem:
Varoufakis accused the troika of trying “to implement an anti-European programme”. He added: “We see no purpose in cooperating with this tripartite committee that the European Parliament has criticised as being built on a rotten structure.”
Dijsselbloem in turn warned the new Greek government against reversing austerity measures saying they must respect the terms of the existing agreement.
“Taking unilateral steps and ignoring previous arrangements is not the way forward,” Dijsselblloem said. “The problems of the Greek economy have not disappeared or changed overnight with the elections.”
The meeting ended with an awkward hands