However, she signaled some flexibility on what reforms Athens would have to make, and European Commission President Jean-Claude Juncker offered leftist Greek Prime Minister Alexis Tsipras a sweetener by saying 2 billion euros from the European Union budget were available to ease the humanitarian impact of five years of austerity measures.
Both leaders were speaking after Tsipras promised euro zone leaders in overnight talks on the sidelines of an EU summit that his government would move swiftly to present a full economic reform package in a drive to avert bankruptcy.
After two months of growing frustration on both sides since Tsipras was elected with a mandate to end austerity, he held three hours of talks with the leaders of Germany, France and the main EU institutions to try to break an impasse that risks sending Athens stumbling out of the euro zone.
A joint statement by the EU institutions spoke of a "spirit of mutual trust" and Tsipras said he now felt more optimistic, but it remained uncertain whether he and Merkel were talking about the same reforms, and how far Greece would have to start implementing them before it receives any new cash.
The risk of a continued standoff, exactly a month after Greece secured a last-gasp four-month extension of an EU/IMF bailout, was highlighted by comments from Merkel and Tsipras.
- "The agreement of Feb. 20 is still valid in its entirety. Every paragraph of the agreement counts," Merkel told German journalists who questioned whether she was now offering cash for promises.
- Tsipras appeared to differ. "It is clear that Greece is not obliged to implement recessionary measures," he told reporters. "Greece will submit its own structural reforms, which it will implement."
Merkel, facing strengthening resistance at home to continued lending to keep an erratic partner in the euro, insisted that only the completion of approved measures would satisfy the creditors, including the Eurogroup of euro zone finance ministers.
"The Greek government has the possibility of replacing individual reforms outstanding from Dec. 10 with other reforms, if these ... have the same effect. The institutions and then the Eurogroup must decide whether they do have the same effect," she said, noting that Ireland had made such changes with EU backing.....................http://www.buenosairesherald.com/article/184827/-merkel-sets-strict-terms-for-greek-aid20/3/15
--
-
Related:
GR
FR
DE
ES
IT
RU
EU
No comments :
Post a Comment
Only News