eurozone ministers insist on new proposal for greece summit
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Eurozone ministers insist on 'new proposal' for Greece summit

Egypt Today, egypt today

Egypt Today, egypt today Eurozone ministers insist on 'new proposal' for Greece summit

Austrian Finance Minister Hans Jorg Schelling
Luxembourg - AFP

Eurozone ministers on Friday insisted that an emergency leaders' summit called to solve the Greece debt crisis required firm proposals by Athens in advance of the meeting.

"Calling a summit that will not be prepared if there is no arrangement this weekend, I don't find that very constructive," said Austrian Finance Minister Hans Jorg Schelling arriving for a meeting with his European Union counterparts.

"We don't know if Greece is going to make a move and make new proposals. Taking this to the political level, as Greece does, is obviously a double-edged sword," he added.

EU President Donald Tusk called a summit of the leaders of the 19 eurozone countries on Monday in Brussels after finance ministers on Thursday failed to break the five-month-old deadlock between the anti-austerity government in Athens and its EU-IMF creditors.

"It's very important that this is first prepared on the technical level because we need to have some kind of a proposal on the table for the euro summit," Finnish Finance Minister Alex Stubb said Friday.

Any deal between the Greek authorities and its creditors will first require an agreement on the technical details, negotiated by teams of experts from the institutions overseeing Greece's bailout -- the International Monetary Fund, the European Commission and the European Central Bank.

Several rounds of talks to strike a cash for reforms deal at this level have broken off in the five months since Syriza came to power, with the government insisting that any agreement be negotiated at the higher political level.

But any deal "must be prepared by the institutions, then discussed in the Eurogroup (of euro finance ministers) and the heads, of course, have the right and responsibility to discuss political issues," said Lithuanian Finance Minister Rimantas Sadzius.

A source close to the negotiations said Athens had made no outreach to the institutions since the last round of talks broke off suddenly on Sunday although Greece says it has put forward proposals for consideration.

"It's very much for them to come forward," the source said.

He added that a meeting of Eurogroup ministers was also required in advance of a eurozone summit and that this would "probably" take place Monday, a few hours before the arrival of the leaders.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eurozone ministers insist on new proposal for greece summit eurozone ministers insist on new proposal for greece summit



GMT 21:59 2013 Monday ,08 April

Penis size does matter to women

GMT 09:28 2017 Saturday ,02 September

Sophia Al Marikh marks marriage anniversary

GMT 15:21 2018 Sunday ,14 January

Two dead in Peru after 7.3 magnitude quake

GMT 07:06 2015 Tuesday ,20 January

Novel offers dark twist on boy-meets-girl

GMT 10:51 2017 Saturday ,11 March

Signs of momentum for Dubai property sector

GMT 19:35 2012 Tuesday ,11 December

Aromatherapy diffusers bring comfort and clarity

GMT 07:54 2018 Tuesday ,04 December

Eurozone finance ministers agree reforms

GMT 23:07 2012 Tuesday ,06 November

HSBC earmarks more money for US fines

GMT 07:26 2011 Thursday ,08 September

Daewoo Securities\' plan to raise capital gets
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday