Saturday May 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
German, French and eurozone officials discuss program; Athens plays down talks

Greek Finance Ministry sources played down on Friday the significance of revelations about a meeting this week between German, French and European Union officials to discuss concerns about the course of Greece’s bailout.

The Wall Street Journal reported on Friday that representatives of the International Monetary Fund, the European Commission, the European Central Bank, senior eurozone officials and German Finance Minister Wolfgang Schaeuble as well as his French counterpart, Pierre Moscovici, took part in the meeting, which was held in Brussels on Monday following a gathering of the Eurogroup.

Greek Finance Minister Yannis Stournaras did not participate in the talks. Finance Ministry sources, however, said that the meeting was not “secret” as was suggested in the report. They said that Athens knew about the talks and that it is customary for such discussions to take place on the sidelines of Eurgroup meetings.

The Wall Street Journal reported that the purpose of the meeting to which Stournaras was not invited was to discuss the structural reforms that the troika wants Greece to implement and a financing gap for the second half of this year that is expected to reach as much as 6 billion euros. No decisions were taken at the meeting, the newspaper reported, quoting unnamed sources with direct knowledge of the situation.

European Commission sources told Kathimerini that the aim of the meeting was simply to update those taking part on the state of play in Greece and is not a sign that there is any particular concern with the program. Nevertheless, the precise date of the troika’s return to Athens remains uncertain. It is thought that inspectors may fly back around February 10 but this has not been confirmed.

With regards to the funding gap, the government has made proposals for how this could be covered but they have so far been blocked by the ECB as they involved rolling over bonds held by Greek banks and national central banks in the eurozone.

ekathimerini.com , Friday Jan 31, 2014 (20:12)  
Greece, creditors seek breakthrough as clock runs down
Coast Guard officials linked to migrant traffickers
Civil aviation union cancels action on minister’s pledge
4.2-magnitude quake strikes off Crete
Greek credit contraction amounted to 2.4 pct in April
Credit expansion remained in negative territory last month as it contracted by 2.4 percent in April, according to data released on Friday by the Bank of Greece. In March the decline had come...
Export-oriented firms benefit from euro rate
The favorable shift in the exchange rate of the euro against the US dollar has led to the creation of two categories among Greek listed companies, as those who export their products to dolla...
Inside Business
SOCCER
Wemmer pens three-year deal with Panathinaikos
German defender Jens Wemmer has signed a three-year contract for an undisclosed sum with Panathinaikos, the Greek Super League club announced on Friday. Right-back Wemmer, 29, has been playi...
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
Inside Sports
COMMENTARY
Zenobia, Barbara, Christine and the general’s daughter
ATHENS – Lovely Palmyra has fallen to the zombie horde and its people are being slaughtered as the ancient city awaits its fate. It is Friday, May 22, 2015, and from my window I see the end-...
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Wemmer pens three-year deal with Panathinaikos
2. Greek credit contraction amounted to 2.4 pct in April
3. Export-oriented firms benefit from euro rate
4. VAT hike would put several Athens hotels at risk
5. ATHEX: May ends with a rise of 0.3 pct
6. Greece, creditors seek breakthrough as clock runs down
more news
Today
This Week
1. Greece creditors say no deal near as G-7 frustration vented
2. Only Greece can end its miserable 'Groundhog Day'
3. 12 Russians injured in lightning strike at ruins on Crete
4. Next Greek aid program isn’t on table yet, says Moscovici
5. Some blame EU Commission for Greek obstinacy in debt talks
6. The eurozone’s ‘ambiguous’ architecture
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Romantic notions meet reality
6. Endless confusion and worry
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.