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Saturday, March 21, 2015

Greece financial crisis: EU offers funds in return for urgent reforms | Business | The Guardian

Greece financial crisis: EU offers funds in return for urgent reforms | Business | The Guardian

"... he (Tsipras) started the negotiations by making it clear he expected urgently needed bailout funds released without giving very much in return.
According to the account, he was disabused of that notion within 10 minutes ..."
"...According to senior officials in Brussels... Draghi was said to have read Tsipras the riot act, while the others demanded cooperation with the creditors."
"In their public appearances following the summit on Friday afternoon, Merkel and Tsipras said contrasting things. Tsipras emphasised Merkel had accepted that the old bailout terms were history. The German leader, in turn, stressed a eurozone-conducted audit of Greek reforms, what had been done and what remained to be done to meet the terms of the bailout, remained the basis of the rescue programme."
From Reuters Merkel sets strict terms for Greek aid
"The agreement of Feb. 20 is still valid in its entirety. Every paragraph of the agreement counts," Merkel told German journalists who questioned whether she was now offering cash for promises that many of her supporters have stopped believing in.
Tsipras appeared to differ. "It is clear that Greece is not obliged to implement recessionary measures," he said. "Greece will submit its own structural reforms which it will implement."





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