14:51 GMT27 September 2020
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    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.

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

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