Weak economic growth and bank recapitalisation needs have pushed up Greece’s already high public debt. Reaching an agreement with creditors on significantly extending maturities and repayment grace periods could assure low and stable gross finance needs over the long-term and reduce uncertainty, the survey says.
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Turkey hosts close to 3 million refugees and has made enormous contributions for years and just recently adopted a work regulation for Syrian refugees, but, in light of the enormity of the task, still struggles to provide for all the basic needs of the swelling Syrian population.
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Dijsselbloem: “Mission chiefs will return to Athens… There is enough common ground, enough preparation has been done for their mission to continue, hopefully to work towards a successful completion. We realise that if we want to complete, fully comply to what has been agreed this summer, more work will have to be done.”
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Moscovici: “I am very pleased with today’s agreement that will allow institutions’ head representatives to return to Athens tomorrow to continue discussions on the review of the programme.”
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FinMin Tsakalotos: “We need an honest broker, representing different views from different political perspectives, to examine the economic and social impact of the programme”, he said, referring to the new EP working group on macro-economic adjustment programmes.”
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The Ambassador of South Africa, H.E. Marthinus Christoffel Johannes Van Schalkwyk, spoke to EmbassyNews.net about the strong economic and cultural ties between the two countries and commented on Greece’s stance towards the refugee crisis: “We are looking at the situation with sympathy. So far the Greek government has not gone to the extreme and that is a good sign”.
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“Progress has been achieved on important issues, but further work is still needed in a number of areas,” the head of the Eurogroup Jeroen Dijsselbloem told a news conference at the end of a meeting of Eurozone finance ministers in Brussels.
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“Having experienced the crisis twice, I think the Greeks are really brave. I admire them and I want to continue living in Greece. This country gave me space to create, to develop my artistic soul and I´m truly thankful for that. I feel at home!”
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In the framework of a revised Plan for social economy – suggested by Government officials – a debate on alternative ways of social and economic growth is currently in progress.
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Dijsselbloem: The objective is to settle this by mid-December, so that we can focus on some of the major fiscal and structural reforms that are still open and need to be finalised for the first review early next year.
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