Greece says ‘not a euro more’ from its austerity-impoverished population

Saturday, February 18, 2017
By Paul Martin

RT.com
17 Feb, 2017

European Union officials are urging Greece and its creditors to strike a financial aid deal for the country quickly to safeguard economic recovery. However, Athens has refused a demand from its creditors for more austerity measures.

The Greek government said it would not ask for “a euro more” from its impoverished citizens.

Failure to agree on debt relief and economic reforms raises doubts over the future of the €86 billion Greek bailout program, with new aid withheld until the talks move from deadlock.

To avoid a disaster, EU officials were urging speed with one German politician hinting the role of the International Monetary Fund – one of the major bones of contention – was no longer crucial.

“An agreement on the way forward for the Greek program is absolutely necessary. With a little effort from all stakeholders, it seems to me doable,” said European Commissioner for Economic and Financial Affairs Pierre Moscovici, hoping the deal would be accomplished before a meeting of eurozone finance ministers next Monday.

Another EU official, who asked not to be named, said it would be better to conclude negotiations soon but there was no real financial crunch.

“The liquidity situation in Greece is benign,” said the official, who has in-depth knowledge of the negotiations.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter