Greece hopes for solution as liquidity and negotiations have reached their limits - iefimerida.gr

Greece hopes for solution as liquidity and negotiations have reached their limits

Φωτογραφία: EUROKINISSI/Ε.Ε.
NEWSROOM IEFIMERIDA.GR

Negotiations seem to progress after meeting in Brussels on Monday as Eurozone finance ministers acknowledge progress in talks with lenders on a cash-for-reforms deal but the Greek government remains unaware of the further steps as a final agreement seems to be a far cry.

The situation in Athens is tensed as liquidity remains uncertain and the scenarios to call for referendum thrive; “a referendum is not an option for cowards” the Government Spokesperson said in a brief statement.

Reactions from government MPs after the Eurogroup meeting were rather sober; some stated that the results of the European finance ministers meeting were “rather expected”, while other sources admitted that the Greek delegation “could do better”.

Yanis Vroufakis and Nikos Pappas, the ministers who represented Greece in Monday's Eurogroup will inform the Greek government about the recent development on a meeting that will be held today at 14:00. Prime Minister Tsipras will devise the strategy that the Greek government will follow in the immediate future.

Government members are aware of the fact that the Brussels Group insists on subjects as labor and social security issues. Commissioner Pierre Moscovici confirmed that Greece and the European Institution don't share the same view on these two issues stressing that it is clear that the Greek government cannot break its election pledges and alternatives should be examined. Government members admit that all initiatives should be taken in order for an agreement to be reached but only within the framework of the political mandate that brought SYRIZA into power.

The Greek government doesn't know what to expect from tomorrow's announcements by president of the European Central Bank Mario Draghi, The ECT could enable financial institutions to buy more treasury bills while the second -and most unlikely scenario- calls for the implementation a quantitative easing program for Greek bonds.

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