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09.05.2016Belgium: Eurogroup meeting on Greece *** ARCHIVE

INA TV


Euro zone finance ministers will meet on May 9 in Brussels at 3pm. The date has been set after a marathon of negotiations between Brussels, Paris, Amsterdam and Berlin.

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Eurovision News Events


BRUSSELS, BELGIUM
09 MAY, 2016

The European Commission has sided with Athens on the prickly issue of pre-voting detailed reforms in return for its next chunk of bailout money with Eurozone finance ministers scheduled to meet on 9 May to try to conclude talks.
The “first package” of budget cuts are worth approximately 3 percent of Greek GDP. They are likely to come from public salaries and from welfare, which make up 83 percent of basic spending. The “contingency” measures refer to demands by the International Monetary Fund (IMF) that Greek MPs pass laws immediately to cut a further €3.6 billion in future if its economy does less well than expected by 2018.

Any further delay could also be harmful for the government with the refugee crisis adding even further pressure to Greek prime minister Alexis Tsipras.

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Overon


Eurozone finance ministers will meet on Greece on May 9 to try to resolve a deadlock in talks between Athens and its foreign creditors.

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