Greek PM Plans to Request Special EU Summit on Bailout Program

Greek PM Plans to Request Special EU Summit on Bailout Program © AFP 2016/ ARIS MESSINIS

09:15 27.04.2016(updated 11:30 27.04.2016) Get short URL
http://sputniknews.com/politics/20160427/1038675988/greek-prime-minister-eu-extraordinary-summit.html

Greek Prime Minister Alexis Tsipras plans to call EU Council President Donald Tusk later on Wednesday to request an extraordinary EU summit, local media reported, citing a government source.

ATHENS (Sputnik) — The meeting is intended to ensure the implementation of the third bailout package, approved in July 2015, the Athens News Agency said, citing the government source.

Tsipras’ move follows the Eurogroup’s decision not to hold an extraordinary meeting on Thursday. The Greek government expected that the eurozone finance ministers would discuss the situation in the country at the April 28 meeting, give a positive assessment of the Greek reform program and would start a discussion on Athens’ public debt.

However, on Tuesday night, Eurogroup President Jeroen Dijsselbloem wrote in his Twitter that “no additional #eurogroup on #Greece this Thursday, more time needed. Meeting on first review, contingency package and debt at later stage.”

Allocation of the next tranche of the financial aid from the European Union to Greece is impossible without the approval and completion of the first assessment of the reforms’ progress.

Athens signed a deal with its international creditors, including the IMF, the European Central Bank and several EU countries, last summer, approving a third bailout package worth about 86 billion euros ($96 billion) in exchange for highly unpopular austerity reforms, including pension cuts and tax hikes.

Leave a Reply