ECONOMY

Austrian FinMin hopes Greek debt team reshuffle brings progress

VIENNA – Austrian Finance Minister Hans Joerg Schelling hopes Greece’s new negotiating team will make faster progress in debt talks with international creditors and that negotiations do not go back to square one, he said on Tuesday.

Greek Prime Minister Alexis Tsipras reshuffled the negotiating team after a meeting with eurozone finance ministers last week brought little progress.

Schelling told reporters before a cabinet meeting that it was “in order” for Tsipras to change the team, adding that “it just has to be quick…I hope we don’t start again at zero.”

“We hope…that the Greek government now gets out of the headlines, that they concretely back up measures with laws, valuations and schedules,” he said.

[Reuters]