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Markets  |  August 24, 2012 10:51:00

Further decisions on Greece will be taken after the report of international creditors


Angela Merkel and Francois Hollande on Thursday, both said that Athens can not expect more financial help meet reform objectives. Greek Prime Minister Antonis Samaras will act today with German Chancellor and Saturday with French President. It is expected that it will require more time for completion of the program of fiscal consolidation. Merkel's attitude towards Greece. Prior to Thursday's meeting with Hollande said that it is important for everyone to fulfill their obligations. Crucial to release Invasion international creditors. Hopes that southern europeans stay in the eurozone and Greece encouraged to continue with the reforms required by the majority of the population. According to Holland Greece must take the necessary steps to ensure that it remains in the eurozone.

Tough stance the two largest European economies, in particular Germany, probably frustrate the hopes of getting more time for fiscal adjustments in Greece. German Finance Minister Wolfgang Schaeuble said that getting more time to implement economic reforms guarantee that will solve the country's problems. More time may also mean more money and European aid for Greece is already at the limit of what is economically feasible.

Chairman of the Eurogroup Jean-Claude Juncker on Wednesday after talks with Greek Prime Minister said that further decisions on Greece will be taken after the report "troika" of creditors. Inspectors of the International Monetary Fund, the European Union and the European Central Bank will return to Greece in early September and will assess whether the country has met the requirements for obtaining additional financial assistance in the amount of € 31.5 billion.



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