It does not even have enough for a minimum consensus: the debt dispute the new Greek government and the euro finance ministers have not yet found a solution. “We do not have enough progress to issue a joint statement,” said Euro Group boss Jeroen Dijsselbloem after several hours of negotiations in Brussels. The discussions were intense and constructive. The talks should be resumed at the next meeting of euro zone finance ministers on Monday.
EU diplomats said the Greek Finance Minister Janis Varoufakis withdrew his consent under a previously agreed Statement phoned back and prolonged contact with the government in Athens. German Finance Minister Wolfgang Schäuble had apparently left the meeting in the belief that a solution was in sight. The current utility international lenders to Greece only runs until February 28. Thereafter, the euro-land could threaten national bankruptcy.
The new left-wing government rejects a continuation of the program. Dijsselbloem said at the press conference shifted several times that had been discussed about the possibility of an extension. For some, it was the preferred option.
Varoufakis hopes to reach agreement on Monday
At the same time to Dijsselbloems Statement Varoufakis said, the purpose of the meeting on Wednesday had never been to reach an agreement. The Greek side had made it clear that she would certainly cooperate with the EU, the European Central Bank (ECB) and the International Monetary Fund (IMF). Threats of EU partners he had not heard. On Friday it would hopefully provide an agreement which is optimal both from the perspective of Greece as well as from EU partners.
A representative of the Greek Government had recently said that we would not agree to an extension of the utility. Greek Prime Minister Alexis Tsipras had repeatedly made it clear that he also refuses to cooperate with the so-called troika of the European Commission, IMF and ECB. On Thursday Tsipras participates in the informal EU summit in Brussels in part, where it also applies to German Chancellor Angela Merkel. The federal government insists on compliance with commitment to reform.
No written policy
With the thing according confidant presented Varoufakis at the meeting of euro zone finance ministers no written proposals, but spoke only verbally about possible solutions. The’ve taken care of in the other finance ministers for astonishment.
A few hours before the meeting sought Greece also new ways to end the debt dispute. Tsipras announced in London, complete with the OECD agreement on the implementation of reforms. The Secretary-General of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, said the crisis in Greece has produced low growth, high unemployment and growing social imbalance. The OECD wants Greece to help address these issues.
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