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Greek Gov't Aims to Strike a Deal With Creditors by April 24

tsakalotos

The leftist led Greek government aims to conclude the talks with its international lenders regarding its revised reforms package within April and specifically before the 24th, when a Eurogroup meeting is scheduled. As the International Economic Affairs Minister Euclid Tsakalotos said in an interview with Bloomberg, the country is in search of more funds, after it secures the upcoming repayment of the International Monetary Fund 450 million euros loan installment.

“We are working very hard on the good scenario, and by then Greece needs to have had some movement on its funding, on the money that is owed to it by the International Monetary Fund (IMF) and the other institutions. We are doing our best to reach a new deal for what we think is good not just for the average Greek, but for the average European,” he told Bloomberg Television.

The April 24 Eurozone Finance Ministers’ meeting is scheduled to take place in Riga and it comes some three months after the talks between the newly elected Greek government and its partners began. The two sides reached a preliminary agreement in another Eurogroup on February 20, regarding the kind of reforms Greece needs to implement in order to secure further aid. Although, since then only a little has been done with documents — signed by Greece’s Finance Minister Yanis Varoufakis — going back and forth between Brussels and Athens, while the second has not received any fresh funds since 2014. “For the funding issue we think that this has to be sorted out with this February 20 agreement of the Eurogroup, where since then we have not had any financing,” Mr. Tsakalotos concluded.

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