08:02 GMT +321 September 2019
Listen Live
    Dutch Finance Minister and chair of the eurogroup Jeroen Dijsselbloem speaks during a media conference after a meeting of eurogroup finance ministers in Brussels on Saturday, June 27, 2015

    Eurogroup Head Says Lack of Trust in Greece Key Issue in New Bailout Talks

    © AP Photo / Virginia Mayo
    Europe
    Get short URL
    Greece's Gordian Knot: Syriza Tackles Austerity (404)
    335
    Subscribe

    Eurogroup President Jeroen Dijsselbloem said that in order to rebuild trust between the Eurogroup and Greece, Athens will "have to listen to the ministers and the institutions first and to see what improvements are needed and have to show a very strong commitment."

    BRUSSELS (Sputnik) — The issue of trust in the Greek government is one of the key points for eurozone finance ministers, gathered in Brussels, to decide whether to start formal talks on a new bailout program for Athens, Eurogroup President Jeroen Dijsselbloem said Saturday.

    Earlier in the week, Greece submitted a proposal on economic reforms and austerity to its international creditors in order to unlock additional financial aid.

    "I think, it would be quite a difficult meeting, still, there are many concerns, quite a bit of criticism both on the content of the proposals, but also on the even more difficult issue of trust, how can we really expect this government to implement what it's now promising," Dijsselbloem told reporters.

    He added that in order to rebuild trust between the Eurogroup and Greece, Athens will "have to listen to the ministers and the institutions first and to see what improvements are needed and have to show a very strong commitment."

    In a Sunday referendum, over 61 percent of Greek voters rejected the unpopular austerity measures demanded by Athens' major international creditors in exchange for further financial assistance.

    Greek Prime Minister Alexis Tsipras said that the new post-referendum reform program falls short of his original promises to the Greek people, but is an improvement on the rejected lender-proposed package.

    Earlier on Saturday, Austrian Finance Minister Hans Joerg Schelling said that Greece must provide the European Union with guarantees that its reform program will be implemented in due time as a precondition to resume negotiations.

    Topic:
    Greece's Gordian Knot: Syriza Tackles Austerity (404)

    Related:

    Greek Reforms Proposal to Resolve Debt Crisis 'Unsatisfactory' – Minister
    Greek Reform Proposal Could Become Basis for New Bailout - EU Commissioner
    Eurogroup Receives Initial Review of Greek Bailout Reform Plan
    Greek Parliament Backs New Reform Proposals
    Tags:
    bailout program, Eurogroup, Jeroen Dijsselbloem, Greece
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik