GREECE: TUSK rejects request for extra EURO SUMMIT
2016-04-27 12:48
BRUSSELS (AFX) European Council President Donald Tusk dismissed on Wednesday tanks that hold an extraordinary Euro Summit on Greece after negotiations on the new budgetary measures was canceled on Tuesday.
in a Twitter message, he urged euro zone finance ministers to resolve the issue of the euro group shortly.
“We have to avoid a situation of renewed uncertainty about Greece. We need the dates of the Eurogroup meeting – not in the distant future but within days, not weeks, “he wrote.
Greek media reported on Tuesday evening that the country’s Prime Minister Alexis Tsipras on Wednesday would request that Donald Tusk convened an extraordinary euro summit.
negotiations between the troika and the Greek government on Tuesday was canceled after a short meeting. The big stumbling block was how automatically the new budgetary measures in at 2 percent of GDP (equivalent to 3.6 billion euros) will hit if Greece misses its target of a primary budget surplus of 3.5 percent 2018th
Greece wants that measures are to take effect retrospectively after Greece’s budget figures have been verified by Eurostat. Greek Finance Minister Euklidis Tsakalotos reiterated that Greek law does not allow to legislate on budgetary actions triggered automatically under certain conditions.
IMF and several euro countries rejected this.
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