Next row over aid program for Greece – FAZ – Frankfurter Allgemeine Zeitung

Next row over aid program for Greece – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          The Greek parliament has just approved the budget for the coming year.
     

 
                                           
 
 
     
     
     
         
         
                                                             

The future of the international aid program for Greece initially remains unclear. The euro group wants to know first the open issues in dispute between the government in Athens and the troika of the EU Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) released before deciding on a possible follow-up program.

                         
         
         
                                                             
                             

Author:.> Hendrik Kafsack, born in 1972, business correspondent in Brussels Follow: Author: Werner Mussler, born in 1966, business correspondent in Brussels Follow.:

The Euro finance ministers agreed on Monday in Brussels only, the end of the year expiring utility of the euro countries by two months to extend to February. This so-called technical extension is to give both sides time to resolve the issues.

                         
         
         
                                                             

The head of the Euro group, the Dutch Minister of Finance Jeroen Dijsselbloem, said on Monday evening, an agreement between the Troika and Greece is still now excluded this year. This would be the prerequisite for the payment of the last outstanding loan tranche of 1.7 billion euros. The Troika wants to present this Tuesday a new report on the pending savings and reforms. Once the relevant requirements are met, the final installment could be paid Dijsselbloem said.

                          
         
         
                                                                                                                                                                      

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He remembered then give the fundamental commitment of the Euro Group, Athens preventive credit line as a follow-up program. However, a final decision to be possible in 2015.

                         
         
         
                                                             

In Brussels it was said that the adopted in on Monday night Greek draft budget for 2015 is not sufficient for an agreement with Athens. Although the draft budget does as little debt as for many years no more. The Troika keeps the draft forecasts underlying the Greek government but too optimistic. In addition, Athens must implement further structural reforms.

                         
         
         
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The department heads approved on Monday the EU Commission’s decision to finally be located only in the spring on the budget proposals of France, Italy and Belgium. The Euro group at the same time called on those States until then to use the time for further austerity steps. “More austerity measures are necessary,” Dijsselbloem said.

                                                                                                                                 
 
  

 
 
 
                                

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Greece program

Next row over aid for Hellas

From Hendrik Kafsack and Werner Mussler, Brussels

The euro countries extend the expired utility of two months. There is more noise because of the necessary reforms. And also about the current budget Athens experts disagree.

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