Reform Package: Greece calls for eurozone approval

ATHENS: Greek Finance Minister Euclid Tsakalotos called on eurozone countries on Saturday to approve his economic reforms and warned of the price of a “failed state” if crucial talks next week ran aground. “Nobody should believe that another Greek crisis, leading perhaps to another failed state in the region, could be beneficial to anyone,” Tsakalotos said. His move came ahead of Monday’s meeting of eurozone finance ministers which Athens hopes will help unlock the next tranche of its 86 billion euros ($95 billion) bailout agreed in July. “What Greece now needs is a clear statement, of measures ... which will help investor confidence that Greece has turned the corner,” Tsakalotos said in a letter to the eurozone finance chiefs. Despite months of discussions, Greece’s reforms have yet to win the backing of all its creditors largely due to differences between the European Union (EU) and International Monetary Fund (IMF).

Published in The Express Tribune, May 8^th, 2016.

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