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Greek PM: bailout review can be concluded in March

Friday, February 24, 2017 - 01:44

Greek Prime Minister Alexis Tsipras says relations with the country's creditors have turned a page, and expects the bailout review to be concluded in March in an ''honorable compromise''. David Pollard reports.

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It's an 'honourable compromise'. Hopeful words from the Greek prime minister as he defended a deal between Athens and its creditors for additional reforms in return for further bailout aid. (SOUNDBITE) (Greek) GREEK PRIME MINISTER, ALEXIS TSIPRAS, SAYING: "If you asked me personally whether I agree for the need to change the policy mix I would say no. But when you go into a negotiation it's obvious that although you'll get gains, you'll also be forced to make concessions." Greece and its creditors agreed on Monday to further reforms. The EU and IMF to return to Athens next week to discuss what it must do to finalise a bailout review that's been held up for months. The review, said Tsipras, could be concluded by March 20th - though some analysts already see a potential deadline missed. (SOUNDBITE) (English) INDEPENDENT MARKET ANALYST, JEREMY BATSTONE-CARR, SAYING: "The important point about Greece is that there is a major bond redemption, seven billion euros, in July. Now, you might say 'July's a long way away', but of course, if there is going to be another bailout, or if there's got to be agreement between all the EU member countries, then an agreement has to be reached before, probably, the Dutch election on the 15th of March." But opposition persists to the austerity that is a precondition of the deal. Police, fire-fighters and coast guard from across Greece joined forces on Wednesday to protest against cuts they say endanger Greek society. On, Thursday, hospital workers took their turn over pay and job security. While outside Greece, there's deep opposition to major concessions. Nearly one in two Germans say they're against debt relief, according to a new survey. Nearly one in three want the debt-laden country to quit the euo zone.

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Greek PM: bailout review can be concluded in March

Friday, February 24, 2017 - 01:44