14:51 GMT27 September 2020
Listen Live
    Get short URL
    Greece's Gordian Knot: Syriza Tackles Austerity (404)
    0 161

    The Eurozone countries see no progress from the Greek government in implementation of structural reforms in exchange for loans, Frankfurter Allgemeine Sonntagszeitung (FAS) reported on Saturday citing Eurozone representatives.

    MOSCOW (Sputnik) – Greece and the EU countries are in the process of negotiating a bailout deal to keep Greece’s economy afloat. The latest meeting of deputy finance ministers concluded on Thursday. Greece was given a deadline until next finance ministers meeting on April 24 to put forward a reform plan in order to receive the next aid package.

    According to the newspaper, participants of the latest round of Greece talks unanimously described the meeting as “shocking.” The sources told the paper that Greek representative Nikos Theocharakis kept asking about the money “like a taxi driver” and warned that Greece would be soon bankrupt.

    Greece's total debt to the troika of international creditors comprising the European Union, the European Central Bank (ECB) and the International Monetary Fund (IMF) amounts to about $270 billion.

    Greek leftist government elected in late January managed to negotiate an extension of the bailout deal into late June 2015. However, the EU countries indicated that Athens had to propose a detailed list of reforms with some of them enacted into law to unlock next aid package.

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


    Cutting the Gordian Knot: EU Plots to Get Greece Out of Eurozone
    Greece Ready to Help End European Anti-Russia Sanctions - Minister
    Could Greece Be Key to Restoring Ties Between EU, Russia?
    Greece Expects Financial Dividends From Turkish Stream After 2019
    EU Member States to Question Price of Solidarity With Bloc – Russia's Envoy
    talks, Greece
    Community standardsDiscussion