Greece's Tsipras 'Optimistic' After EU Talks

Written By Unknown on Kamis, 05 Februari 2015 | 11.46

Greece's prime minister, Alexis Tsipras, has said he is "very optimistic" of finding agreement over easing his country's debt burden after meeting EU chiefs in Brussels.

Mr Tsipras met European Commission President Jean-Claude Juncker as he attempts to renegotiate Greece's €240bn (£180bn) bailout package and ease austerity obligations.

"I'm very optimistic after these discussions that we are in a good way," he said.

"We don't have already an agreement but we are in a good direction to find a viable agreement."

The left-wing government is aiming to end its existing arrangement with the EU, the European Central Bank and International Monetary Fund when its aid deadline expires on 28 February.

Until now, it has avoided those institutions, choosing to go direct to European governments, including meeting UK Chancellor George Osborne on Monday.

Mr Tsipras also held talks with European Council President Donald Tusk and European Parliament President Martin Schulz during his Brussels visit.

He now heads to France to meet French President Francois Hollande.

Commission chief Mr Juncker has said the EU will show flexibility over Greece's obligations but has ruled out major changes to the bail-out terms.

The EU will "adapt a certain number of our policies but we are not going to change everything," he said on the eve of the meeting.

Greek Finance Minister Yanis Varoufakis is also continuing his own push for debt concessions as he jets around the continent.

He met European Central Bank President Mario Draghi in Frankfurt in what he called a "very fruitful discussion".

"I had the opportunity to present to him our government's utter and unwavering determination that it can't possibly be business as usual in Greece," said Mr Varoufakis.

The stringent bailout measures had contributed to "a major humanitarian crisis" in his country, said the finance minister.

Sky News Economics Editor Ed Conway said the meeting was vital as the ECB was effectively providing "life support" for Greece's banking system.

"It is providing emergency liquidity assistance for a number of Greek banks," said Conway.

"If the ECB decided to withdraw that ... it would be disastrous for the Greek economy. It's essential for Greece's finance minister that he keeps that support."

Greece's austerity measures, imposed in exchange for the bailout loans, have seen its economy shrink by a quarter and unemployment rise to over 25%.


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