Euclid Tsakalotos stressed that the country had done its part, passing yet another series of austerity measures at the behest of its European lenders and the International Monetary Fund a condition required in return for the next tranche of loans.
Despite Greece conceding to and fulfilling these terms, which it had originally rejected, talks to move the bailout forward broke down last week as a result of an ongoing dispute between the IMF and Greeces biggest lenders, namely Germany.
The discord now centres on relief for Greeces debt pile, which tops 180% of GDP. While the IMF argues a more generous offer is needed, EU lenders are resisting these calls.
This is continuing to hold up Greeces access to the 7.5bn loan needed for the cou…
Read the full article at: http://www.publicfinanceinternational.org/news/2017/05/greek-finance-minister-creditors-must-keep-promise-debt-relief