12:26 GMT06 March 2021
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    Eurogroup president Jeroen Dijsselbloem has announced that talks with Greece on its bailout program will finish on Monday or early Tuesday.

    MOSCOW (Sputnik) – According to Dijsselbloem, on Monday Greece will present a list of first steps proving that it is following through with the terms of the current bailout program. Speaking at a press conference on Friday, Dijsselbloem stressed that Greece can only receive more credit under the current program after it successfully completes all the agreed economic reforms.

    Greece has so far failed to meet all of the creditor's requirements so the remaining tranches of aid have been blocked.

    On Monday, the latest attempt to reach a bridge agreement on Greece's bailout plan with the Eurozone before the February 28 deadline collapsed. Greece and the Eurozone finance ministers finally reached an agreement on the extension of Greece's bailout for four months on Friday.

    The new four-month deal gives Athens some extra time to try to re-negotiate a longer-term agreement with the creditors.

    Greece's debt to the troika of international creditors — the European Union, the European Central Bank and the International Monetary Fund (IMF) — is now estimated at $270 billion.

    The country's newly-elected government, led by the left-wing Syriza party, has vowed to revise Greece's highly unpopular austerity measures, aimed at meeting the bailout conditions set by international creditors.

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

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    bailout program, Syriza party, Jeroen Dijsselbloem, Greece
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