As Greece’s Prime Minister Attempts to finally break down the country’s strict austerity measures, EU prepares to grill the Greeks for the country’s past misgivings and ambitious requests. The latest Brussels summit is Greece’s few chances left to convince their creditors for additional time and avoid bankruptcy.
Greek Prime Minister Alexis Tsipras is the only one who could or could not convince EU to help the country float over its impending bankruptcy. After Greek Financial Minister Yanis Varoufakis’ failures to convince EU’s Finance Ministers, Greece sits at the brink of downfall.
Meanwhile, EU Parliament President Martin Schulz said that the Greek financial situation was dangerous. Greece needs more than €2-3 billion to help it avoid an bankruptcy. He added that it is only a short-term solution.
“So it would be good if Greece fulfils the obligations that it has agreed to – then further money will flow,” said Schulz.
“The willingness of the Greek government to cooperate must improve.”
Economic Chief of the EC Pierre Moscovici said:
“We completely support the objective of helping those who are most vulnerable in Greek society, those who have been struck by the crisis. But there must be consultations on new measures. We have to be able to evaluate the budgetary impact of the measures being proposed.”