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Sunday, 12 July 2015

Greece-Eurogoup Talks



From in.gr

Reuters update - "A draft statement seen by Reuters said Greece must pass laws to change its value added tax and pension systems, reform bankruptcy rules and strengthen the independence of its statistics office before bailout talks can even start. "The Eurogroup... came to the conclusion that there is not yet the basis to start the negotiations on a new program," the draft said. "Only subsequent to legal implementation of the above mentioned measures can negotiations on the memorandum of understanding commence, subject to national procedures having been completed," it said, in a reference to authorization by national parliaments in countries such as Germany".

Reuters again

Bloomberg Business - "Creditors concerned that Greece can’t be trusted want lawmakers in Athens to pass tax increases and spending cuts into law before negotiations on a bailout package begins. “If the Greek government commits to implement and vote now -- without delay -- strong reforms in the short term, there is the basis of negotiations,” EU Economic Affairs Commissioner Pierre Moscovici said".

On Twitter:

Yannis Koutsomitis ‏@YanniKouts
#Eurogroup, possible scenario: #Greece gets reforms throu parl by Wed & then gets a bridge for negotiations abt ESM bailout ~@StefanLeifert

Stefan Leifert ‏@StefanLeifert
Merkel: "The most important currency has already been lost: trust. #Greece

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