While work to enact the remaining requirements – such as asset sales and bank governance – for the latest payout is under way and the Greek government has time to qualify for the disbursement before it expires at the end of October, any persistent delays risk clouding the outlook for the next global review of Greece’s bailout progress and the prospects for debt relief being dangled by the creditors.
“Europe’s Mediterranean countries can and must raise their voice”, Greek Prime Minister Alexis Tsipras said in an interview with news site EurActiv ahead of the seven-nation huddle.
“I believe that with this understanding we will overcome the problem”, Cavusoglu said after talks with EU’s foreign policy chief, Federica Mogherini, and EU Enlargement Commissioner Johannes Hahn. “We are not and we do not wish to become yet another initiative that divides Europe”, Tsipras said during the joint press conference.
European Union leaders were scheduled to meet in Bratislava next week.
“The Greek authorities must know that we are waiting for them, for the matter of trust and efficiency”, he said.
“At the time of Brexit, and while populism is on the rise in Europe, it is very important to send a message of cohesion and contribute to the dialogue from southern Europe”, French President Francois Hollande stressed.
In an allusion to the EU’s tight budgetary corset, Renzi stressed that “we are in a phase in which Europe can not keep being just rules, technicalities, finance and austerity”. “The Europe of tomorrow must above all be based on core values because this is what has made us great, the social Europe, the Europe of ideals, the Europe of beauty”.
Attica: Seeing Europe at a turning point, Greece will seek common ground at a mini-summit that opened in Athens on Friday with fellow southern European Union states struggling with migration and austerity.
“Visegrad countries can not be allowed to dominate the debate on Europe’s future”, Tsipras said in an interview with French daily Le Monde on Friday.
He urged Athens to deliver on promised reforms under its third bailout.
Manfred Weber, head of the European People’s Party, the largest in the European Parliament, was even more scathing.
“The fact that (French) President Hollande – probably for internal political reasons – and (Italian) Prime Minister Renzi are letting Mr. Tsipras manipulate them is not really a sign of responsibility”, Weber said.
The Greek side also reported a rapid rate in settling the state’s outstanding debts to the private sector, noting that 1.7 billion euros of the 2.8 billion euros due to be disbursed will be spent on settling these debts.
The reforms include tax hikes, pension cuts, as well as the privatization of public assets.