Quotes from the news wire:
Debt is a discussion we've not had before. The only thing we had was a promise that if the Greeks would commit fully and deliver on the program we would look at, if necessary, further debt measures.
Found on Reuters 8 years ago
Expansionary monetary policy... supports the economy in the short run, but the limitations are imminent and negative side-effects are becoming stronger.
Found on Reuters 8 years ago
I am confident the country will be able to stand on its own feet again.
Found on Reuters 8 years ago
I very much realize that some of the reforms necessary are politically difficult for the society, but it is of prime importance to implement what has been agreed in summer of 2015.
Found on Reuters 8 years ago
The quality of the reforms to be implemented is our main concern, the authorities should now shift into high gear so that negotiations can be finalised as soon as possible, i very much realize that some of the reforms necessary are politically difficult for the society, but it is of prime importance to implement what has been agreed in summer of 2015.
Found on Reuters 8 years ago
If the Netherlands has been part of the problem in the past, we want to be part of the solution from now on.
Found on Reuters 8 years ago
The agreement paves the way for the formal approval by the ESM Board of Directors on Monday 23 November of disbursing the 2 billion euro sub-tranche linked to the first set of milestones.
Found on Reuters 9 years ago
On the basis of a final compliance notice... the EWG agreed that the Greek authorities have now completed the first set of milestones and the financial sector measures that are essential for a successful recapitalization process, the agreement paves the way for the formal approval by the ESM Board of Directors on Monday 23 November of disbursing the 2 billion euro sub-tranche linked to the first set of milestones.
Found on Reuters 9 years ago
I think we will listen to what the Commission and the Greek minister has to say and where the discussion is stuck. Then we will decide on whether we will put it back on their plate or whether we can cut through some knots. I expect it to be the former.
Found on Reuters 9 years ago
The way we have built the banking union so far is to deal with risks in our banking system and at the same time talking about sharing risks. That approach has to be taken further.
Found on Reuters 9 years ago
My understanding is that (German Finance Minister Wolfgang) Schaeuble said we must reduce risks in the banking systems and he would rather talk of that side of the medal, but there are two sides of the medal, there is the side of reducing risks and at the same time building a more risk sharing system. We have to take both approaches at the same time as far as I am concerned.
Found on Reuters 9 years ago
(Chouliarakis) knows what he's doing because he was top man in the ministry for the past year and half.
Found on Reuters 9 years ago
I hope that they are as quick as possible so that the least possible amount of time is wasted.
Found on Reuters 9 years ago
It is crucial that Greece maintains its commitments to the euro zone.
Found on Reuters 9 years ago
It's not going to be easy. We are certain to encounter problems in the years to come. But I believe we will be able to resolve them.
Found on Reuters 9 years ago
That (calling a referendum) is a sad decision for Greece, it has closed the door on further talks while the door was still open, in my mind.
Found on Reuters 9 years ago
What can change is the political stance of the Greek government that has led to this unfortunate situation.
Found on Reuters 9 years ago
Since the last Eurogroup quite a bit of progress has been made, i'm getting some positive reports from the talks in Brussels. Still, lots of issues have to be solved, have to been deepened more, with more details, so there will be no agreements on Monday. We have to be realistic.
Found on Reuters 9 years ago
Hopefully we were able to make a kind of new start this week, i say 'hopefully' because of course the result has yet to be seen.
Found on Reuters 9 years ago
I wish that less time would be given to interviews, and more on extraordinarily conscientiously working on keeping Greece from the threatening abyss.
Found on Reuters 9 years ago
(Is) the eurozone prepared for eventualities, the answer to that is: 'yes'.
Found on Reuters 9 years ago
The question is the Netherlands prepared, or is the Eurozone prepared for eventualities, the answer to that is: 'yes'.
Found on Reuters 9 years ago
The Greek government gambled that if it negotiated with us the ECB would open its cashier windows, relax its rules.
Found on Reuters 9 years ago
Without further loans, Greece won't make it, that's the reality.
Found on Reuters 9 years ago
It would cost money, it would create great political uncertainty, and I don’t think we have the time, and I don’t think the Greeks have the time for it.
Found on Reuters 9 years ago
A comprehensive and detailed list of reforms is needed, a comprehensive deal is necessary before any disbursement can take place ... We are all aware that time is running out.
Found on Reuters 9 years ago
There is a great sense of urgency for all of us. I have spoken to my colleagues in Athens and they're very determined to get the deal. They know that the time is running out.
Found on Reuters 9 years ago
It would be very welcome if they could present a more final outcome by May 11 - the next Eurogroup.
Found on Reuters 9 years ago
Let's not go into a game of chicken to see who can stick it out longer. We have a joint interest to reach an agreement quickly.
Found on Reuters 9 years ago
We have been worried about previous payments they were to make and yet they managed it, so I don't know when it becomes really dangerous. But I think it is in our joint interest to stay away from that point.
Found on Reuters 9 years ago
On the European side there is genuine room for compromise.
Found on Reuters 9 years ago
One of the elements to design a reform is the timeline - do you do it gradually, or do you do it immediately? Do you include only new pensioners or also existing pensioners? There are many, many ways to design a reform. The way it is done can be negotiated.
Found on Reuters 9 years ago
But I also know that if we were to sit down and get serious, it could be done in a couple of weeks. Whether that is going to happen I don't know.
Found on Reuters 9 years ago
That they’re all but broke, we knew already, but my message to the Greeks is then every time again: So then, work with us as quickly as possible on an adjustment to the program.
Found on Reuters 9 years ago
That they’re all but broke, we knew already, but my message to the Greeks is then every time again : so then, work with us as quickly as possible on an adjustment to the program. Athens is hoping the finance ministers will approve its list and allow for the return of about 1.9 billion euros( $ 2.07 billion) in profits made by the European Central Bank on Greek bonds, the source familiar with the matter said. The source said Athens also expected the return of about 1.2 billion euros in cash left in the Greek bank bailout fund that was taken back by the euro zone last month - something euro zone officials said the euro zone bailout fund would discuss on Wednesday. Greece argues that its own bank rescue fund should have returned only 9.7 billion euros to the euro zone rather than 10.9 billion euros, since it had used its own cash reserve rather than EFSF bonds to make that recapitalization. Greek officials have not gone into detail about the latest reform list. Sakillarides said only it would not contain recessionary measures but structural changes. The reforms are deeply sensitive for leftist Prime Minister Alexis Tsipras, who came to power in January pledging to end austerity policies but was forced to accept an extension to a hated bailout program under the threat of a banking collapse. Greece has received two bailouts totaling 240 billion euros since 2010 but its economy has shrunk by 25 percent partly due to austerity measures imposed by the lenders. One in four Greeks is out of work, and more than half of all young people. AIR CLEARED. Alexis Tsipras discussed the reforms with German Chancellor Angela Merkel in Berlin on Monday. Sakellaridis said that in a four-hour working dinner they discussed only the outline without going into depth. Both leaders voiced mutual goodwill during a visit that appeared to have cleared the air after weeks of public acrimony between Athens and Berlin. German Foreign Minister Frank-Walter Steinmeier said after meeting Tsipras on Tuesday that an improved climate between the two countries would help start serious negotiations for a solution to Greece's debt problems. The Social Democrat politician told reporters this alone would not solve Greece's financial problems, but it was.
Found on Reuters 9 years ago
Time is ticking away, so we don't have a lot of time, so we have really got to get to work.
Found on Reuters 9 years ago
The six, those are just the first six. Those absolutely won't be accepted as the 30 percent that they wanted to replace, the Greeks know that too, by the way, they don't have any pretence that this is it.
Found on Reuters 9 years ago
This document will be helpful in the process of specifying the first list of reform measures.
Found on Reuters 9 years ago
All the drafts that have caused such excitement are now on the shelf, and will remain there as long as we don't agree on the way forward.
Found on Reuters 9 years ago
The general feeling in the Eurogroup is still that the best way forward would be for the Greek authorities to seek an extension of the programme.
Found on Reuters 9 years ago
I am optimistic that we will have an outcome on the technical process.
Found on Reuters 9 years ago
We had an intense discussion, constructive, covering a lot of ground, also making progress, but not enough progress yet to come to joint conclusions, we didn’t actually go into detailed proposals, we didn’t enter into negotiations on content of the program or a program, we simply tried to work next steps over the next couple days. We were unable to do that.
Found on Reuters 9 years ago
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