Eurogroup Head Said After Talks That Time Was Wasted

Europe appears to be getting increasingly impatient with Greece, telling it to “stop wasting time” over reforms, as the war of words between the parties intensifies.

Following a meeting of euro zone finance ministers in Brussels on Monday, at which Greece’s reform proposals and funding needs were discussed – again – the head of the Eurogroup appeared frustrated.

“My key message today was that we have spent now two weeks apparently discussing who meets whom where, in what configuration and on what agenda and it’s a complete waste of time. I cannot be explicit enough about it,” Eurogroup President, Jeroen Dijsselbloem, said in a press conference following the talks.

“That’s why we’ve said we’ve talked about this long enough now,” he added. “We only have four months…let’s get it done.”

Greece and the so-called troika of organizations which oversee the country’s bailout –the European Commission, European Central Bank and the International Monetary Fund – will start more technical discussions on Greek reforms, which are tied to its emergency financing, on Wednesday.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza