Greece in last-chance saloon as Eurogroup decides on bailout
- 9 years ago
Eurozone finance ministers have been gathering in Brussels for the all-important Eurogroup meeting that could help determine the country’s fate.
The Greek parliament has backed the prime minister’s latest proposals which include austerity measures rejected by the people in last weekend’s referendum.
251 voted in favour of the proposals and 32 against, in theory giving leftist Prime Minister Alexis Tsipras the mandate needed to complete negotiations with Brussels.
Opinion in the Eurogroup is thought to be divided, even though international institutions have given an initially positive assessment.
“I think we are here to make a lot more progress,” said Christine Lagarde, International Monetary Fund (IMF)Managing Director.
Athens is looking for 53.5 billion euros to cover debt over three years,
in return for reforms, spending cuts and tax rises.
Germany – Greece’s biggest creditor – is sceptical after five months of acrimonious talks and rebukes.
But Berlin and others are
The Greek parliament has backed the prime minister’s latest proposals which include austerity measures rejected by the people in last weekend’s referendum.
251 voted in favour of the proposals and 32 against, in theory giving leftist Prime Minister Alexis Tsipras the mandate needed to complete negotiations with Brussels.
Opinion in the Eurogroup is thought to be divided, even though international institutions have given an initially positive assessment.
“I think we are here to make a lot more progress,” said Christine Lagarde, International Monetary Fund (IMF)Managing Director.
Athens is looking for 53.5 billion euros to cover debt over three years,
in return for reforms, spending cuts and tax rises.
Germany – Greece’s biggest creditor – is sceptical after five months of acrimonious talks and rebukes.
But Berlin and others are