Greece’s international creditors are due to meet the country’s finance minister Tuesday for talks over the country’s bailout program and the holes in its budget, discussions which are central to the government receiving more aid.
Inspectors from the European Union, International Monetary Fund (IMF) and European Central Bank (ECB) are due to meet with Finance Minister Yannis Stournaras on Tuesday morning.
There were doubts that the meeting would take place after differences over how to plug Greece’s funding gap emerged last week but, on the eve of the visit on Monday, the country’s prime minister appeared resolute that the differences could be resolved.
Trying to quell public fears over the return of the creditors, Prime Minister Antonis Samaras told the nation via a Greek television broadcast that the country was not “at war” with international lenders.
“First of all let me say something – let’s do away with this notion that we are in some kind of war…It is a negotiation.”
He argued that it was possible to close Greece’s fiscal gap in 2014 and achieve its goal of a primary surplus without more austerity – austerity which he said the country could and would not take.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.