News Greece Dijsselbloem foresees a long way for a Greek deal

Dijsselbloem foresees a long way for a Greek deal

Despite the fact that Athens responded to demands for more detail on its bid to end the deadlock, Eurogroup Chairman Jeroen Dijsselbloem said there is still a lot to be done for the achievement of a deal tailored to the specific Greece’s aid proposals.
However, the Eurogroup Chairman seems not to overlook Greece’s efforts, as he stated that the Greek government tends to deliver more and more proposals that are more and more detailed, which could be the base for a future agreement.
With cash running out and a renewed pending recession, Greece is in talks with euro-area officials on conditions to unlock emergency loans. The deadlock has cost banks more than 15 percent of their deposit base, which has declined for six months.
“There must be a good package which can also be realized in the four months we’re talking about,” Dijsselbloem said. “The clock continues to tick. So I hope they soon reach an agreement on the main issues, then we can discuss it in the eurogroup.”
Dijsselbloem, also the Dutch finance minister, said he doesn’t expect a Eurogroup meeting next week.
“It’s my impression that it still takes time. So I hope they continue to work hard and perhaps in that case, it can go quickly,” he said.
Source: Bloomberg