The Ball Is in the Greek Court, Says Eurozone Top Official

The Ball Is in the Greek Court, Says Eurozone Top Official

EU Finance Ministers are expected to come to the conclusion at Thursday's Eurogroup that "the ball is in Greece's court," a senior eurozone official said on Wednesday. According to the same official, the discussion on Greece will be short at the Eurogroup and the Finance Ministers will make an evaluation of the situation based on the Greek Finance Minister's estimates. "Let's be realistic, the Greek programme ends in 14 days," eurozone's top official said, noting that after a possible agreement on technical basis, the procedures that must be followed in a number of national parliaments will need one week at least. The same sources underlined that the institutions have made huge concessions since February 20 not only on the issue of revenues and expenses but also as regards markets reform. He also said that the differences between the Greek government and the institutions are not only fiscal but they have to do with the tax system, the pensions and other matters. "We are interested in the sustainability of the state finances in the long-term," he added. Finally, he noted that a very strong convergence of views exists among the institutions and their proposals are stable and solid.

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