Economy
The Eurogroup today probably take a decision on the release of financial aid to Greece. That said Eurogroup chairman Jeroen Dijsselbloem today on his arrival at the meeting in the Latvian Riga.
Greece received in February an extension of the support program of four months in exchange for a preliminary list of reforms. That would end of April must be submitted, but that has not happened to the chagrin of the other Member States
Dijsselbloem today.
“It’s still not quite late April. And frankly, the deadline is important for the Greek government, which is quite the pinch in terms of financial resources, in the short term. “
According to the Eurogroup president is meeting today in the sign a progress report: how the Greeks do it according to the troika of creditors and according to the Greek Minister Varoufakis itself. Dijsselbloem:
“We’ll see if there’s a couple of knots are untangled (..) it is an intermediate image.”
View the arrival of Dijsselbloem:
The German Finance Minister Wolfgang Schaeuble expects no progress during the talks today. The general expectation is that Greece even today comes with the full proposals, as in Greece itself much resistance to the reforms expected by creditors, such as
is now seen as May 11 deadline on the financial markets. Then the members of the Eurogroup meeting again.
Greece received in May five years ago, the first emergency aid because the country could no longer go to the financial markets for loans.
Later came a second rescue package in which the Greeks all had to implement reforms. Enlightenment for the Greeks did not result: since 2010, the Greek economy shrunk by a quarter
A total of about 200 billion euros pledged to Greece by the other euro countries, and another 50 billion by. the International Monetary Fund. That emergency kit is about 7.7 billion not be paid because the conditions are not met.
Greece is the last bit of money desperately needed to pay the bills. Last week, the government had to claim the funds of a number of local authorities to pay wages and pensions


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