“There was white smoke,” Greek Finance Minister Euclid Tsakalotos said to reporters, hinting on the elections of the Pope. The negotiations for a technical deal were concluded on all issues, and the way has now been paved for debt relief talks, he added. Greece and its foreign creditors reached a deal on a package of bailout-mandated…
Tag: Euclid Tsakalotos
Greece Minister stays in Brussels
Greek Finance Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country’s creditors towards finalizing a bailout review. Greece and its international lenders are still at odds over pension, labor and energy market reforms, necessary before new loans can be disbursed to Athens. Tsakalotos said ‘most…
Greece in lethargy of recession
Greece and its international lenders made clear progress towards bridging differences over its fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default. “We made substantial progress today and are close to common ground for the (lenders’) mission to return to Athens the…
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