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18.03.2017 - 10: 45

Greece and lenders were not able to reach an agreement for the meeting of the Eurogroup

Greece and international lenders for the meeting of the Eurogroup could not agree on three major themes 20 of March - social insurance, labor reform and energy, told the representative of the government on the basis of a teleconference with creditors.

A teleconference was held on Friday evening and lasted six hours. The Greek government had hoped to resolve all contentious issues to 20 in March and received a first positive assessment of the reform program. Without such an assessment Greece will not be able to get another loan required to service debt. The third program provides for the allocation of assistance to Greece 86 billion euros, provided that the government will pursue a tough reform program.

As the representative of the government, to resolve contentious issues must be a political decision.

"During the conference call with the heads of some questions was closed missions creditors. There are only a few that, as we know, can not be closed at this level. The positions of all known at this time. No one is surprised. We need a political debate. We'll see as it will go to the Eurogroup, "- the official said.

According to him, the government is satisfied with the fact that covered issues such as the Superfund on the orders of state property, privatization or court settlement of debt.

Unable to overcome the differences in the energy sector - lenders require reform of the energy market, its liberalization and privatization of the objects of the state electricity enterprise PPC.

"The delay in this issue is mainly linked with the decision of the European Court, which we want to explore and discuss, because it concerns the relationship of Greece and the EU", - said the official.

Greece does not need loans in the coming months. Payments almost 7 billion euros coming to it only in July. However, the delay in the second evaluation creates a situation of uncertainty and have a negative impact on the economy.

Since the beginning of the crisis in Greece 2008 GDP declined by a quarter, plummeting incomes, since the authorities were forced to a sharp reduction in budget expenditures. The new Greek government has acted against the new austerity measures. However, in February 20 Greece under pressure from lenders has made concessions, and the government agreed to hold a series of new reforms, but they are, by the assurance of the Cabinet, is not affected by budget items and are not relevant to the austerity policy.

A source: RIA News

Author: Gennady Melnik

Tags: Greece, Economy, Eurogroup, Reform, Credit