European Commission pessimistic about deal with Greece

Image
IANS
Last Updated : Feb 10 2015 | 10:20 PM IST

Brussels, Feb 10 (IANS/EFE) The European Commission (EC) has little hope that an agreement can be reached in the coming days to allow Greece to break the debt deadlock three weeks before the existing bailout funds come to an end, EC spokeswoman Mina Andreeva said Tuesday.

"We have low expectations that any final agreements will be reached tomorrow (at the extraordinary meeting of the Euro group) or at the European Council," said the spokeswoman.

Andreeva indicated that the "intense contacts" between the two parties, with Greece's new Prime Minister Alexis Tsipras taking part along with EC President Jean-Claude Juncker and other figures, were still going on.

"But up to this point all these contacts have not been very fruitful," Andreeva acknowledged.

She said Wednesday's meeting of eurozone finance and economy ministers will be Greek Finance Minister Yanis Varufakis' first opportunity to discuss the issue with members of the single currency zone.

Varufakis has already conferred with some of his counterparts on the "European Tour" he made last week and that was fruitless.

The spokeswoman also recalled that a meeting of the eurogroup might be held Feb 16 in Brussels, if ministers fail to reach a consensus this week.

That date is important because Greece must agree with creditors on the continuation of its aid programme before the bailout expires Feb 28.

The spokeswoman denied that Juncker has drafted a plan for Greece.

She stressed that the head of the European Union (EU) executive has repeatedly said that the only plan was for keeping Greece in the eurozone.

--IANS/EFE

ab/bg

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 10 2015 | 10:16 PM IST

Next Story