EU Commission Vice President-Negotiations Are Speeding Up

EU Commission Vice President-Negotiations Are Speeding Up

European Commission Vice President Valdis Dombrovskis on Monday in an interview with Bloomberg news agency said the negotiations between Greece and its lenders were very complicated and did not rule out the possibility of an extraordinary meeting of the Eurozone Finance ministers if needed.
Asked how close an agreement is, he said the technical negotiations were ongoing and would continue until end of April, as it was agreed on February 20.
The next Eurogroup meeting on April 24 will be a good opportunity to take stock of what has been done so far, he noted.
He admitted that more progress could have been made as lots of time “was wasted on irrelevant topics”.
Negotiations are speeding up, however time is running out and a lot of ground must be covered by April 20, when the two sides need to have agreed on the reform list, he noted.
Asked whether the April 24 Eurogroup meeting, which will be held in Riga, Latvia, will approve the disbursal of the next tranche to Greece or an extraordinary meeting will have to take place, he responded that this would depend on the progress of the technical negotiations.
He reminded that Greece’s programme was extended for four months and two have gone by which means there is more time ahead. On the other hand, he noted, Greece is in a hurry as its cash position is getting difficult. In order to meet the timetable by the end of April all sides, including Greece, should keep their commitments.
 
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