European
Parliament President Martin Schulz says that the European Union is
willing to meet Greece halfway on the cash-for-reforms deal.
MOSCOW
(Sputnik) — The European Union is willing to meet Greece halfway on the
cash-for-reforms deal, European Parliament President Martin Schulz told
German newspaper Welt Am Sonntag.
Relations
between Athens and Brussels soured over the past months after the
ruling Syriza party, which was elected in January to form the
government, went along with its pre-election promises to end the painful
austerity program and handed the bailout plan back to money lenders.
Greece now has until the end of June to hammer out a bailout pact with international financial institutions before the current agreement runs out.
"The European Union is ready to meet the Greek
government halfway," Schulz said, adding Athens must also bear
responsibility for the Eurozone.
The unresolved debt stalemate between Greece and its creditors – the
International Monetary Fund, the European Commission and the European
Central Bank – is expected to weight on the G7 summit of world leaders
which kicks off in Germany on Sunday.
"The government in Greece must finally admit
that they have a responsibility not only to the voters of their Syriza
party but also to the entire country and, as part of the EU, to the Euro
and Europe," Schulz stressed.
Greek Prime Minister Alexis Tsipras is going to meet with his key
European creditors at an EU summit next week, in particular with the
German and French leaders. He was reportedly due to Brussels for bailout
talks on Friday. Instead, the premier opted to stay in Athens to brief
the Greek parliament on the country’s debt policy and denounce
creditors’ proposals.Greece now has until the end of June to hammer out a bailout pact with international financial institutions before the current agreement runs out.
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