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Fabrizio Bensch / Reuters
August 20 is "an important day" said German Chancellor Angela Merkel, referring to the completion of the aid program, while explaining that the continuity of the impact of the program does not end on the same day.
He noted that the fact that is given to Greece for a new decade is a sign of confidence while he categorically rejected an agreement with the Greek government to bind the country. extension of the reduced rate Φ PA to the islands with the refugee agreement
"We have to balance two things: on the one hand, how much we will wait until specific funds have been paid and, on the other hand, why should we continue to make forecasts in this regard, for example, for example? the primary surpluses " highlighted at a press conference" of "and noting that" if Greece does not produce a primary surplus, it will not be possible to reduce the amount of the debt ".
] Steps Taken to Reduce Greek Debt Ms. Merkel talked about "taking a lot of steps to help reduce the level of debt, always within the framework of the rules we have, that's 39, ie that there can be no reduction of debt under the euro in the euro area " This is a" good compromise " he stressed and added: "On the one hand yes, the program is over, but with that Greece is still not, let's say, again in its state that there is no has never had a program, but I believe – and I have spoken with Prime Minister Alexis Tsipras – that it is an important day in August when this program will be completed but the pursuit of the impact of these programs is not over today and that is why and in the future we can rely on each other.So, I see more evidence of trust than we give to the Greece decades of extra time to get out of a difficult situation. "
Answering a question on with the claims that Berlin and Athens accepted extending the validity of the low rate to the islands in exchange for the refugee refugee agreement, the Chancellor was absolute: " This has been said often, but not categorically! I have discussed extensively with him (including Mr Tsipras) that we will not be linking these things to anything else, because that would not be good for any of us . And that's not what happened. And now, a way has been found to compensate for the change in the program by extending the reduced VAT rates and that is why the Budget Committee will meet on 1 August. And I think this road that we find now is a good way. But there was no connection between the different issues. "
According to data published earlier today by Eurostat the public debt in Greece rose to 180.4% of GDP in the first quarter of 2018, showing an increase of 11.907 billion euros compared to the corresponding quarter of 2017, according to figures published by Eurostat today
Compared with last year (in the first quarter of 2017), only Greece recorded an increase in public debt (+2.7 percentage points, up from 11,907 billion euros) ), while 27 Member States registered a decrease (-11.3 percentage points), Ireland (-6.5 percentage points), Croatia (-6.4 percentage points), Malta ( -6,2) and in Slovenia (
(With information from RES-MPE)
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