Winds of Change? Juncker, Moscovici and Dijsselbloem ‘secretly’ plot an uprising and revolt against Schaeuble? Eurogroup head Jeroen Dijsselbloem said that the Greek government is very committed and more cooperative than the other governments under the bailout agreements and that the Eurogroup will discuss debt relief measures on December 5th 2016.
Eurogroup to discuss debt relief for “committed” Greece – Dijsselbloem
Relations between Greece and its creditors are more constructive than ever and the bloc’s finance ministers will discuss wide-ranging debt relief for the country when they meet next month, Eurogroup head Jeroen Dijsselbloem said on Wednesday.
“The current Greek government seems to be very committed, and working much more constructively than previous governments. There is a degree of optimism,” Dijsselbloem said at a conference in London.
“In December, we will have to talk about short-term debt measures, there are some things we can do now and in the coming years a number of measures can be set up for the end of the program.”
Euro zone finance ministers, known as the Eurogroup, are scheduled to discuss Greek debt relief measures on December 5. (Reuters)
Dijsselbloem’s announcement comes right after EU Commission president ean Claude Juncker and EU Commissioner Pierre Moscovici decided to give an extra 0.5% to the budgets of eurozone member states before seeing the common currency area collapsing all together.
Beginning of the month, Greek PM Alexis Tsipras heralded that the Greek Program Review would concluded “within weeks” and that “talks on debt relief would start at the Eurogroup meeting on December 5th.” At that time I was wondering whether Tsipras knew more than we did – apparently he did!
Especially after the supportive message by US President Barack Obama, the Greek PM is under time pressure to secure debt relief talks before the unpredictable President-elect Donald Trump takes his place in the Oval office.
And despite the permanent and stubborn objections by German Finance Minister Wolfgang Schaeuble.
Obama is currently having talks with Merkel in Berlin, we might know more on the issue at their joint press conference later today.
BTW: a CDU official said two days ago that Angela Merkel will run again for a fourth term in 2017. If it is true, Schaeuble will never see his dream to become Chancellor instead of Chancellor come true and he might be kind of isolated in his own bitterness.