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Will Greece Reach an Agreement and Avoid the Worst?

Panos Skourletis, Labor Minister, stated that the Greek government should not delay much more the negotiations for a deal regarding the nation’s cash reforms, and should take greater responsibilities.

The International Monetary Fund (IMF), European creditors and Athens are in a constant race from preventing Greece leaving the euro zone and entering into a much greater debt.

Both, European Central Bank (ECB) and International Monetary Fund (IMF) heads, have participated in Berlin’s meeting in an attempt of reaching a deal with Athens. Jean-Claude Juncker, European Commission’s head, Francois Hollande, the French President, and Angela Merkel, the German Chancellor, joined the meeting.

Moreover, the overall aim was to come up with an agreement regarding the final proposal, as Greece has to, due this Friday, pay €300 million to the International Monetary Fund (IMF). The fears that the nation will be unable to repay its debt, causing a potential exit of Greece from the Eurozone, get more intense.


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