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GREECE’S CREDITORS HAVE piled pressure on cash-strapped Athens as the IMF pulled its team out of talks and the EU warned Athens to stop gambling with the possibility of default and a messy exit from the eurozone.
The International Monetary Fund said an agreement remained far-off after a five-month stalemate with Greece’s anti-austerity government, which faces being unable to pay huge debts at the end of the month.
Eleventh-hour talks in Brussels between Greek Prime Minister Alexis Tsipras and European Commission chief Jean-Claude Juncker meanwhile broke up without reaching a deal on reforms in exchange for bailout cash.
“There are still major differences between us in most key areas,” IMF spokesman Gerry Rice told reporters in Washington.
There has been no progress in narrowing these differences recently. Thus we are well away from an agreement.
The fund said its Greek talks team had returned to Washington from Brussels and that the “ball is very much in Greece’s court right now — although it added that “the IMF never leaves the table and remains engaged”.
It said the key disagreements were on pensions, taxes and financing.
EU president Donald Tusk issued an unprecedented warning to Tsipras, telling the Greek government to stop “gambling” and saying the Eurogroup meeting would be “really crucial” and “decisive”. He told a press conference:
There is no more time for gambling. The day is coming, I am afraid, that someone says the game is over.
The IMF is the most hardline of Greece’s three bailout monitors — the others being the European Commission and European Central Bank — who have demanded tough reforms in exchange for unlocking the remaining €7.2 billionof its €240 billion rescue package.
Without fresh external funding when the bailout expires on June 30, cash-strapped Greece is set to default on its debts, meaning it could crash out of the eurozone despite benefiting from two international bailouts since 2010.
Athens shares closed with an 8.16-percent leap on Thursday, shortly before the IMF announcement, on investors’ optimism for a deal.
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So you’re saying we’re being robbed?!
Until we get up of our backsides and do something, this will only get worse. Enda thinks that because we don’t protest and complain that the Irish people are right behind him. I mean,look at how much money we’re handing over to AIB bond holders today, for exampl!. It’s scandalous.
Boycott and burn !
80,000 ‘quality Irish’ people reported to have emigrated last year. And the rest of the Irish? Mostly silent. The saddest fact of all.
So disposable income has decreased for Irish households..
1 billion being paid out to bond holders today..
Micheal Noonan to announce value based property tax in the budget!!!
What Planet is the government living on??
Do you actually think Micko and Inda really care about Joe Citizen. Not one bit and with good ‘ol Eamo in tow now sure they can do what they like to us. So long as the Brussle Sprouts keep patting Inda on the head he will do their dirty work by robbing the Irish people. I have a feeling he will be scraping the barrel shortly with the amount of people that have emigrated the only ones left working are the civil and public service and they are not going to produce anything. I hope Australia has room for a couple of hundred thousand more because this place will be a wilderness by 2018
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