German government at odds with itself over Greek debt relief

Mannequins stands inside a shuttered shopwith signs that read

Eurozone finance ministers, the International Monetary Fund and the Greek government failed to hammer out a final deal on Greece's debt relief and chose to postpone a decision for their next meeting in mid-June. The loans are essential to Athens repaying 7.3 billion euros of loans set to mature in July. But people involved in the talks said the IMF's plan to initially withhold its bailout loans would remove this urgency and allow talks on debt relief after Germany's elections in September.

"I expect, and (am) working on a deal today but it won't be the end deal", Dijsselbloem said.

But some European countries, including Germany, say any debt relief should be considered in 2018, anxious that concessions could affect the pace of economic reforms in Athens.

The IMF believes that debt relief, or at least a clear promise of it now, is needed to restore investor confidence in Greece, especially if the country, which has public debt of 197 percent of GDP, is to return to market financing next year.

Dijsselbloem said the International Monetary Fund welcomes the progress made by Greece, and is "impressed" by the reforms undertaken by Greece and that it stands ready to go to the board to get involved financially.

The question of debt relief has served as a point of contention for months between Berlin and the International Monetary Fund, which does not want to participate in the bailout program unless Greece's debt burden is brought down to manageable levels.

"We indeed did not conclude, but our work will not be wasted", said EU Economic Affairs Commissioner Pierre Moscovici after the marathon talks.

Arsene Wenger told to copy Jose Mourinho's Man Utd tactics
Billionaire Usmanov owns 30 per cent of Arsenal and recently failed in an attempt to buy out majority owner Stan Kroenke. But, after a spell of seven defeats in 12 games, Wenger made a tactical shift to a three-man defence.

The European Commission said in its newest economic forecast for its 28 member states, which was published last week, that delays in reaching a deal on Greece's bailout were only hurting the country's economy more and detracting investors.

He said the finalization of an agreement on Greece would have to wait for a report on whether the country has implemented all the agreed reforms, the so-called compliance report, which euro zone officials said was positive.

"Our country. has fulfilled its obligations totally and on time", Greek Finance Minister Euclid Tsakalotos said on Sunday ahead of the crunch talks, which begin at 1300 GMT.

The meeting will be the first for French Finance Minister Bruno Le Maire, named to his post last week by newly-elected President Emmanuel Macron, a pro-EU centrist.

A deal would not give certainty that Greece would be included in QE, which remains a decision for the European Central Bank.

Lender institutions and finance ministers from the 19 Eurozone countries agreed to help Greece pay back almost $8 billion it is required to by July.

Macron's office says that he spoke Monday with Greek Prime Minister Alexis Tsipras and stressed "his determination to find an accord soon to lighten the burden of Greek debt over the long term".

Related News:

  • House intelligence committee subpoenas Michael Flynn, Michael Cohen

    According to U.S. media, he discussed setting up a back channel line of communication with Moscow's envoy to Washington . However, those three Obama administration officials did not personally receive subpoenas, the sources told the Journal.

    Michael Bloomberg Is Happy To Bankroll The Paris Climate Accord

    If he accepts the idea of climate change, it might create a division among him and his base supporters. While Webb considers himself a conservative on many issues, he said he is not a Trump supporter.

    Police appeal to track Manchester bomber's movements through CCTV images

    Ariana was photographed stepping off a plane at a London airport less than two weeks after the attack, which killed 22 people. They said they last saw Abedi three months before the attack at the younger brother's barber shop.
  • Murray and Del Potro meet again; Wawrinka also in action

    Murray and Del Potro meet again; Wawrinka also in action

    The Former US Champion who will face Andy Murray in the next round of French Open also had had many injuries during his whole career.

    Rain rescues Australia against NZ as match abandoned

    This was Williamson's maiden century against Australia with his previous best being 81 which came in December 2016 at Canberra. And credit to them ( New Zealand ), they came out quite hard and played quite well up top and got their innings going.
    Trump Stays Mum As Saudi Arabia, UAE Donate $100M To Ivanka's Charity

    Trump Stays Mum As Saudi Arabia, UAE Donate $100M To Ivanka's Charity

    State photographers were on hand to capture the moment, which quickly spawned memes from social media users who likened the U.S. A White House official later said that was not intended and attributed it to the president being "just an exhausted guy".
  • Spicer Referring Questions about Russia Investigation to Trump's Lawyer

    Spicer Referring Questions about Russia Investigation to Trump's Lawyer

    Spicer tells reporters when asked about the tweet: "I think the president and a small group of people know exactly what he meant". And on Tuesday, Michael Dubke, his communications director, resigned after being on the job for just three months .
    Thailand Open: Saina Nehwal, Sai Praneeth storm into semis

    Thailand Open: Saina Nehwal, Sai Praneeth storm into semis

    The third seeded Praneeth comfortably defeated the Thai 21-16 21-17 in the men's singles section at the Nimibutr Stadium. He will now face Malaysia's Kantaphon Wang and is expected to reach the semi-final without much difficulty.

    Kerr comeback possible but Brown coaching NBA Warriors for now

    The only problem was that Game 1 looked like the same movie from just a year ago - a complete blowout. But only if Thompson bounces back from his forgettable zero-point-four-rebound performance.
  • Notes From The Phillies' 2-1 Win Over Colorado

    Notes From The Phillies' 2-1 Win Over Colorado

    Thursday's outing will be Rockies starter Tyler Anderson's first time facing the Phillies this season and the third in his career. Anderson, who turned a forgettable April into a strong May, limited the Phillies to four hits through his first six innings.

    Trump Leads Nation's Remembrance on Memorial Day

    But at the Memorial Day ceremony on May 29, Trump said Gold Star families honor the nation with their sacrifice. Trump first placed a wreath in Arlington at the Tomb of the Unknowns a day ahead of his inauguration.
    CT  joins alliance committed to Paris climate accord

    CT joins alliance committed to Paris climate accord

    Almost 4,000 miles away, Parisian Raphael Angeli said Trump's decision puts him at odds with many of his fellow citizens and much of the world.

Most liked

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.

Russians discussed 'derogatory' info about Trump, aides
The reality is, a review of the President's income from the last ten years showed he had virtually no financial ties at all. The insane Donald Trump scandal news cycle is starting early this week.

Is Tiger Woods Addicted to Pain Medications?
The field sobriety test was a failure from the start. "But I want to say unequivocally, I want to play professional golf again". I can imagine that he's also dealing with quite a bit of stress, not being able to stay healthy and play the sport he loves.

Caitlyn's memoir is insane: Kendall Jenner
That's insane!" Keeping Up With The Kardashians airs Sundays at 9 p.m. That's makes no sense to me." she tells Kris . That I would've had great respect for.

Ramos: Zidane has tamed complicated Real Madrid
Juventus goalkeeper Gianluigi Buffon knows he can not let slip this chance to finally fulfil his dream of Champions League glory. He is not wrong about the goals: no Champions League final has ended goalless since Milan beat Juve on penalties in 2003.

Kevin Durant denies staring down Rihanna in Warriors' Game 1 win
But the turnover differential stood out more than anything, and it's not something that will continue for the rest of the series. Unless you're a Warriors fan, or enjoy dominant teams who destroy all competition, 2017 NBA basketball isn't for you.

Next Weeks Broker Price Targets For Bristol-Myers Squibb Company (NYSE:BMY)
Numis Securities has "Buy" rating and GBX 260 target. (NYSE:PM) has "Overweight" rating given on Friday, June 17 by JP Morgan. Gradient Investments LLC's holdings in Philip Morris International were worth $111,000 at the end of the most recent quarter.

Cleveland Cavaliers Unveil New Logos For Next Season
A month later, Steph was stepping back again as the Warriors welcomed Kevin Durant to their star-studded roster. McGee has emerged as a significant contributor off the bench during the playoffs for the Warriors.

Our Bold Oil Price Prediction After the May OPEC Meeting
Three years ago, USA shale producers needed to see prices of $70 to $80 per barrel to be competitive, he said . Analysts criticized OPEC for failing to slash oil production which led to the falling prices of oil .

BA flight disruption at Heathrow set for third day
The airline is urging customers to check that their flight is operating before heading to the airport. A spokesman said staff were "continuing to give passengers free water and snacks".

UK PM May's lead over Labour shrinks
If we are the largest party we go ahead - no deals - with our manifesto, our Budget and our Queen's Speech". He told LBC: "I am more for Corbyn than for May for exactly the opposite of what Quentin says".

Steve Kerr Reportedly Not Ruled Out for Game 2 vs. Cavaliers
In the first half of their blowout over the Cavs , Kevin Durant started a fast break. "We got to figure out how to combat that". The Golden State Warriors know they must contend with a "monster" on the Cleveland Cavaliers' frontline.

Zidane keeping mum on Bale ahead of final
I played football very well, but did not score many goals . "We are very pleased, the team is a unit and wants to win tomorrow". The Portuguese Talisman Cristiano Ronaldo and his Real Madrid team-mates against the rock-solid Juventus .

Trump has fairly unbelievable relationship with Merkel: WH
Europeans actually getting closer on the back of Emmanuel Macron's victory in France , I think, in the next few months. Dirsus cautioned that Germany remained reliant on the United States, especially in terms of its military.

National Hockey League updates Expansion Draft action plan with 'critical dates'
An exception to this deadline will be granted to the Penguins and Predators if the Stanley Cup Final goes to seven games. The NHL Awards start at 8:00 tonight, and the Golden Knights' roster will be announced during the awards broadcast.