Greece in new debt diplomacy, next funding crisis days away
- 9 years ago
Fears mounted once again on Tuesday that Greece would fail to make a large debt repayment later this month.
Athens must repay 970 million euros to the International Monetary Fund (IMF) by May 12.
Greek ministers have been doing the rounds among the country’s lenders once again to plead for more flexibility but they got a lukewarm response in Brussels.
EU Finance Commissioner Pierre Moscovici insisted that Greece should reach agreement about economic reforms first.
“The Commission is working step by step. We don’t want to discuss about (Greek) debt before we’ve concluded on reforms. I hope that by the next Eurogroup meeting on May 11th we will be able to say ‘Yes, there has been progress, strong progress, and we are on the right track’,” Moscovici told euronews.
But Greek Finance Minister Yanis Varoufakis was more optimistic after concluding his talks.
“It is important that the good progress that has been made is solidified and it brings Greece to a situation where we can al
Athens must repay 970 million euros to the International Monetary Fund (IMF) by May 12.
Greek ministers have been doing the rounds among the country’s lenders once again to plead for more flexibility but they got a lukewarm response in Brussels.
EU Finance Commissioner Pierre Moscovici insisted that Greece should reach agreement about economic reforms first.
“The Commission is working step by step. We don’t want to discuss about (Greek) debt before we’ve concluded on reforms. I hope that by the next Eurogroup meeting on May 11th we will be able to say ‘Yes, there has been progress, strong progress, and we are on the right track’,” Moscovici told euronews.
But Greek Finance Minister Yanis Varoufakis was more optimistic after concluding his talks.
“It is important that the good progress that has been made is solidified and it brings Greece to a situation where we can al