Greece Has Three Days to Deliver - EU officials
Thursday, 01 January 1970
Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to get the next tranche, Reuters reported, quoting euro zone officials.
Following a two-week break, Athens and its creditors resumed talks on Monday to unlock 8.1 billion euros ($10.6 billion) of rescue loans.
"All agreed that Greece has to deliver (pledges) before the Eurogroup on Monday. That's why they must present again on Friday," Reuters reported, quoting an unnamed EU official.
"Negotiations must be concluded by Saturday or Sunday at the latest in order to have a (troika) staff agreement that will be discussed at a Eurogroup meeting on Monday, another official told Reuters.
The two sides had yet to agree on how to plug a fiscal gap and Athens has missed a June deadline to place 12,500 state workers into a "mobility scheme", under which they are transferred or dismissed within a year.
"It is a very difficult negotiation," a senior Greek official participating in the talks told Reuters. "We're moving fast to wrap up as many issues as possible as soon as possible."