ATHENS: Greece’s euro zone creditors are considering bringing forward a financial life line The Greece’s Prime Minister informed to euro creditors that it will be too late for Greece if they wait until the end of April before releasing funds.
Under the terms of an agreement on Greece’s bailout last month, some €7.2bn (£5.1bn) in rescue funds were not to be disbursed until the end of April and only on condition that the government persuasively shown for enforcing austerity in the country. Tsipras was also advised to treat the Eurocrats working in Athens with more respect and ensure their safety.
German Chancellor Angela Merkel stressed that Tsipras had to present a “comprehensive” reform package urgently and this would need to be endorsed by the Eurogroup of finance ministers before Greece could access any of the funds.
Tsipras had requested the meeting and had been confrontational in the days preceding it. According to an authoritative account of what took place, he started the negotiations by making it clear he expected urgently needed bailout funds released without giving very much in return.
