Greece debt relief deal ‘doable’ by year’s end says EU’s Moscovici

[webfact]

Greece debt relief deal ‘doable’ by year’s end says EU’s Moscovici

 

 

ATHENS: -- On a rainy day in Athens, it was a message to warm the heart of the Greek government.

 

Visiting European Commissioner for Economic Affairs Pierre Moscovici told a press conference on Tuesday that a deal on debt relief for the country is ‘doable’ by the end of the year.

 

Moscovici is reviewing Greek efforts to implement labour and pension reforms required under the country’s third bailout – which he says will be the last.

 

“We are not considering a fourth programme,” he told reporters at the EU’s offices in the Greek capital.

 

“We are in the third programme and three is a lot. What we would like is that programme to be a success so that there is an exit from the programme. That is clearly our target.”

 

With issues still to resolve, Monday’s meeting of Eurozone finance ministers may need to be followed up by an extraordinary session later in December.

 

Our correspondent in Athens, Stamatis Giannisis, says that on Monday the Greek government is hoping to, at least, secure a political decision for negotiations to continue. The prospect, however, of further austerity cuts is Athens biggest fear, should two of Greece’s major lenders – the IMF and Berlin – strike a deal demanding more measures.

 

 

-- © Copyright Euronews 2016-11-30

[Krataiboy]

Whether a bunch of military dictators or a pseudo-Communist, Greek leaders are without doubt the world's most reliable. You can always rely on them to let you down.

[bark]

40 minutes ago, Krataiboy said:

Whether a bunch of military dictators or a pseudo-Communist, Greek leaders are without doubt the world's most reliable. You can always rely on them to let you down.

They are so smart. They got the EU to pay them billions of Euros and they will only pay back 20 %.

Lets all eat Feta Cheese.

[Anthony5]

3 hours ago, webfact said:

Moscovici is reviewing Greek efforts to implement labour and pension reforms required under the country’s third bailout – which he says will be the last.

 

Is it that time of the year again that the agreement with Greece, from which they have received the funds already, will now be declared void ?

3 hours ago, webfact said:

 

“We are not considering a fourth programme,” he told reporters at the EU’s offices in the Greek capital.

 

 

It would have been cheaper if the EU on the first request had awarded the funds, and said keep them no need to pay back, instead of hundreds if not thousands of meetings so far that cost the tax payer more than they will ever get back from Greece.

[williamgeorgeallen]

[ilostmypassword]

4 hours ago, bark said:

They are so smart. They got the EU to pay them billions of Euros and they will only pay back 20 %.

Lets all eat Feta Cheese.

Wrong. Wrong. Wrong. It was private banks that lent Greece the money, not the EU. Mostly German and French banks. The bailout of Greece never happened. It was and still is a bailout of those banks.

[elgordo38]

16 minutes ago, ilostmypassword said:

Wrong. Wrong. Wrong. It was private banks that lent Greece the money, not the EU. Mostly German and French banks. The bailout of Greece never happened. It was and still is a bailout of those banks.

Kind of a repayment for stupidity hmm. Great concept. Time to steal another tranche from the Greek taxpayer. Needle syringe and drainage tube please. 

[bark]

55 minutes ago, ilostmypassword said:

Wrong. Wrong. Wrong. It was private banks that lent Greece the money, not the EU. Mostly German and French banks. The bailout of Greece never happened. It was and still is a bailout of those banks.

555

Back by German and French Government.

[ilostmypassword]

39 minutes ago, bark said:

555

Back by German and French Government.

If you mean that when the loans were made they were backed by the French and German governements, then you are 100% wrong. It was only after situation got bad that the Eurozone authorities stepped in and forced Greece into repayment.

[bark]

3 minutes ago, ilostmypassword said:

If you mean that when the loans were made they were backed by the French and German governements, then you are 100% wrong. It was only after situation got bad that the Eurozone authorities stepped in and forced Greece into repayment.

Wrong 555

Backed by the Government. who was trying to save Greece from going Bankrupt.

Greeks are smart, they have the EU by the short and curlys

[bark]

1 hour ago, elgordo38 said:

Kind of a repayment for stupidity hmm. Great concept. Time to steal another tranche from the Greek taxpayer. Needle syringe and drainage tube please. 

Feta cheese on Greek salad, so good.

[ilostmypassword]

Just now, bark said:

Wrong 555

Backed by the Government. who was trying to save Greece from going Bankrupt.

Greeks are smart, they have the EU by the short and curlys

Backed by what government and how did greece have the EU by the short and curlys? You are making no sense here.

[bark]

Just now, ilostmypassword said:

Backed by what government and how did greece have the EU by the short and curlys? You are making no sense here.

Germany and France mostly.

If these countries didn't have skin in the game( and only German and French banks ) were on the hook. They would have said to the Greeks. Go bankrupt, we don't care.

But they didn't do this. They ordered the banks to give more ( 2 times).

Why do you think the German people are so angry. If Greece defaults on the loans to EU banks, the German peoples taxes will go up. Same for France and the other countries.

 

[Baerboxer]

5 minutes ago, bark said:

Germany and France mostly.

If these countries didn't have skin in the game( and only German and French banks ) were on the hook. They would have said to the Greeks. Go bankrupt, we don't care.

But they didn't do this. They ordered the banks to give more ( 2 times).

Why do you think the German people are so angry. If Greece defaults on the loans to EU banks, the German peoples taxes will go up. Same for France and the other countries.

 

 

I don't think it's a case of "if" Greece defaults but "when". The EU politicians are now playing the game of choosing the best timing to benefit themselves.

 

 

[bark]

6 minutes ago, Baerboxer said:

 

I don't think it's a case of "if" Greece defaults but "when". The EU politicians are now playing the game of choosing the best timing to benefit themselves.

 

 

You mean which country get left holding the biggest parts of the debt ? Germany, France, .......

It will be a blood bath.

[Baerboxer]

1 minute ago, bark said:

You mean which country get left holding the biggest parts of the debt ? Germany, France, .......

It will be a blood bath.

 

Probably - and then we'll see how those two champions of "ever closer union" behave.

[elgordo38]

19 hours ago, bark said:

555

Back by German and French Government.

Maybe when the rest of the EU saw this treatment by the two big boys on the block towards Greece (it was truly humiliating) they decided that it was time to "Get Out of Dodge" Brexit followed, Italy may say goodbye starting Sunday (the banks there are holding non performing loans to the tune of 20% and want billions but the EU is turning a deaf ear. Sundays vote could be an attention grabber) then France and others come up in the spring. There is a doozy of a right winger running in France he wants to layoff 5 million civil servants cancel the 35 hour work week and a bunch of other anti worker nonsense. I guess he forgot that his rich friends only get one vote.