Brussels – Finance ministers from the euro zone will extend the support program for Greece by two months. Despite recent progress can not be completed by the end of the evaluation of the situation in the country, the ministers of the euro zone declared in Brussels on Monday. Therefore, the country should a “technical extension” of his program shall be awarded at their own request.
Greece is thus the last installment will no longer receive 1.8 billion euros from the auxiliary program this year. The decision of the Minister have to be ratified by the parliaments of several euro zone countries, including by the German Bundestag.
The Greek parliament passed a nearly balanced budget for 2015 on Monday night, even though creditors Troika of the EU, the International Monetary Fund (IMF) and European Central Bank (ECB) had doubts about the underlying numbers. According to her missing in the Greek state budget revenues of two to three billion euros in order to achieve the target of Athens budget targets.
EU Economic Affairs Commissioner Pierre Moscovici announced that the so-called troika of the European Commission, European Central Bank (ECB) and the International Monetary Fund (IMF) will return to Greece on Tuesday. The euro group called on the government in Athens to implement the promised reforms quickly and fully to complete the fifth round of testing checkers. The euro zone finance ministers also argued again for a conditional credit line (ECCL) for Greece following the current utility of
Schäuble. “Have you seen it always takes a bit longer”
Euro group boss Jeroen Dijsselbloem said the completion of the review was feasible in the two additional months. It was not a question, “Greece punished,” said EU Economic Affairs Commissioner Pierre Moscovici, but about “real, profound, structured and structural reforms to implement.”
Federal Finance Minister Wolfgang Schäuble (CDU) Athens had in the morning certified to be a total “on the right track”. “In Greece we have seen in recent years, it always takes a bit longer.” It must also be kept in view while that other people’s problems are bigger “than our own.”
Greece in 2010 was rescued only by international aid programs from bankruptcy. The aim of the government in Athens is to get out after four years with massive control of the Troika as quickly as possible from the utility. This, however, met with reservations among European partners that do not yet see the country over the mountain. Initially, therefore, by an extension of the aid program for six months had been mentioned. The deadline falls in the compromise now found now significantly shorter.
The government moved on Monday the presidential election surprisingly February 15 to December 17 before. The vote has been working for months of political uncertainty: Should not Parliament can agree on a candidate, standing at elections
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