German Finance Ministry: Greece Could Get Money Earlier if Reforms Come Sooner


His certainty that Greece would be in a position to receive payment earlier than scheduled if its list of reforms is approved by the institutions and the reforms are implemented earlier, expressed German Finance Ministry spokesperson Martin Jaeger. On the flip side though, German officials see no reason for giving the next bailout installment to Greece immediately.

Asked if Monday’s Eurogroup could discuss whether Greece could get money to prevent it from becoming insolvent if it decides on certain reforms, Jaeger said that from his country’s “point of view, there is no basis for that.” He repeated that the February 20 Eurogroup meeting decided that Athens should develop its own detailed list of reforms by the end of April, which should be later agreed with the creditors’ institutions (the European Commission, the European Central Bank and the International Monetary Fund) and then implement those measures by the end of June.

“If the Greek program is in a position to work out its list of reforms in detail earlier than the end of April and the Troika agrees to it, and if this program is, accordingly, implemented earlier, it would of course be possible to make a payment earlier,” the German Finance Ministry representative explained, adding that the date of the next aid installment has not yet been determined.

Earlier today, Greek finance Minister Yanis Varoufakis submitted the Greek list of “real structural reforms” to Eurogroup President Jeroen Dijsselbloem.


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