As all finance ministers of Euro zone gathered in Brussels for a eurogroup meeting that Greece considers as ‘crucial’, German Finance Minister Wolfgang Schaeuble took advantage of the opportunity to trim the wings of the government urging for a rash bailout exit. The German FinMin warned that the release of the last bailout tranche of 1.8billion euro maybe delayed.
“Greece may need some more time before the last bailout credit tranche can be disbursed by international lenders, German Finance Minister Wolfgang Schaeuble said on Monday in Brussels.
It would not be the first time Greece could need extra time to implement the agreed program, Schaeuble said ahead of talks with his euro zone counterparts, adding however that overall the country was on the right path.
Euro zone ministers are considering extending the bailout by six months to mid-2015, a document obtained by Reuters showed last week. But Athens says it is only willing to consider a few weeks’ extension to the unpopular program.” (reuters)
At the same time, the head of EUROGROUP Jeroen Dijsselbloem stated “very concern” bout an agreement between Greece and the Troika and urged for a 6-month bailout extension.
It looks as if Greece faces with a not so friendly attitude from the side of its EU partners and Pierre Moscovici, the Finance Minister of debt-ridden France, knew to claim that “the International Monetary Fund has to stay, we need it for the reliability of reforms in Greece.”
PS Who says that Greece needs the 1.8-billion-euro tranche? Just need to check the data here.
