Brussels show Athens the red card – Agreement now or negotiations start from the beginning

A high-ranking Eurozone official that informed today the press, in Brussels, in view of this Friday’s Eurogroup in Malta, underlined the necessity of closing the review as soon as possible. “Economic and political rationale, behind the necessity for a quick closing of the review, remains the same” he said and clarified that any attempt to […]

Brussels show Athens the red card – Agreement now or negotiations start from the beginning

A high-ranking Eurozone official that informed today the press, in Brussels, in view of this Friday’s Eurogroup in Malta, underlined the necessity of closing the review as soon as possible.

“Economic and political rationale, behind the necessity for a quick closing of the review, remains the same” he said and clarified that any attempt to assume the reason for the delay would be in vain.

“The accounting approach doesn’t give any help to anything” he added “It would be catastrophic for Greece’s financial situation, as it would hurt the tax, consumer and business trust”.

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