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Meeting of euro zone ministers ends without deal on Greece

The euro zone meeting of finance ministers ended last night without a deal or even a statement re...
Newstalk
Newstalk

07.26 12 Feb 2015


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Meeting of euro zone ministers...

Meeting of euro zone ministers ends without deal on Greece

Newstalk
Newstalk

07.26 12 Feb 2015


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The euro zone meeting of finance ministers ended last night without a deal or even a statement regarding what is next for Greece.

An emergency meeting was supposed to deal with the political implications of Greek proposals, but none was forthcoming.

It came ahead of a crucial European Council summit today, where the Taoiseach Enda Kenny and his European counterparts will discuss the situation in Greece - following last night's stalemate.

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Six hours of talks dragged on until past midnight, after which head of the Eurogroup Jeroen Dijsselbloem said some progress was made, but still no pathway for a solution:

The meeting of European heads of government today was meant to focus on the situation in the Ukraine, and the peace talks involving Russia.

However after last night’s meeting of euro zone finance ministers, Greece is likely to top the agenda.

Usually after meetings in Brussels, ministers issue a routine joint statement to summarise the outcome of the meeting.

But in an unprecedented move, there was no statement - at all - after last night’s meeting in Brussels, with Greece refusing to sign up to even a basic statement announcing further talks.

That veto reportedly came after some ministers, including Germany’s, had left the meeting entirely - without knowing what Greece would do.

The outcome means the stakes are higher for today’s summit of prime ministers - and for Ireland, as it decides whether it will try to piggyback on any deal that Greece might be offered.

Yesterday, Finance Minister Michael Noonan said the Greek government does not appear to have made up its mind on exactly what it wants.

“They have said different things in different European capitals, and (there was a) different emphasis again in their Prime Minister’s speech in parliament, so today will be the first opportunity I have to listen to a representative of the new Greek government directly,” he said.

Some of Greece's proposals are reported to include a 'bridge agreement' (a loan to finance the state until the summer) to allow the country to negotiate a wider deal by September and a commitment to implementing 70% of current reform programmes.


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