Showing posts with label The Greek finance minister wants to believe in an agreement with the Eurogroup. Show all posts
Showing posts with label The Greek finance minister wants to believe in an agreement with the Eurogroup. Show all posts

The Greek finance minister wants to believe in an agreement with the Eurogroup


The uncertainty prevailing in the markets after the collapse of negotiations between Greece and its creditors. Tuesday morning, the Athens Stock Exchange has opened the session sharply lower, indicating a certain tension.


It must be said that the deadlines are approaching. The current aid program expires on 28 February. And failing agreement, Athens may run out of money.


However, the Greek Finance Minister said he was confident about the possibility of an agreement. "I have no doubt that in the next 48 hours, with Europe, we can find common ground in order to establish a new contract," said Yanis Varoufakis, Monday night after the meeting in Brussels.


At this meeting, the Eurogroup has issued an ultimatum to Greece. Athens has until Friday to seek an extension of six months of its international aid program. The President of the Eurogroup, Jeroen Dijsselbloem, based this.


"The main reason of this initiative, he said, is that, given the way in which discussions are underway for an agreement with Greece, we need more time" .


But the Greek authorities, there is no question of hearing about an extension of the current program. The current government was elected on a promise to end the guardianship of the Troika. And last night, hundreds of people gathered in Athens to show their support for the government in its tug-of-iron with its creditors.