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Thursday, June 18, 2015

Greek finmin doesn't expect deal at Thursday Eurogroup meeting

Greek Finance Minister Yanis Varoufakis said on Wednesday he did not expect he and his euro zone counterparts to reach an aid-for-reforms deal at a meeting on Thursday, saying agreement was needed at the highest level. ‎"Tomorrow we will set the scene for what we consider to be our political and moral duty, and that is to reach an agreement very, very quickly with our partners and the institutions," he said after talks in Paris at the Organisation for Economic Cooperation and Development. Asked if there could be an agreement at the meeting of euro zone finance ministers in Luxembourg on Thursday, Varoufakis said: "I do not believe so." He said preparatory work for the meeting had not gone far enough for a deal. "It is my considered opinion that now the agreement has to be reached at the level of political leaders, heads of states, prime ministers, chancellors," Varoufakis said.‎ Time is running out for Athens to reach a deal with its international creditors before a 1.6 billion euro (£1.15 billion) payment to the International Monetary Fund falls due at the end of the month.


READ THE ORIGINAL POST AT uk.news.yahoo.com