Eurozone summit aims to keep Greece in the euro – Reuters Italy

       

BRUSSELS (Reuters) – The leaders of the Eurozone today will try to the end to keep Greece in the euro, after EU President has canceled the planned summit 28 that would be necessary in case of ‘Grexit’.

       

In return, the prime minister greek Alexis Tsipras will ask that Parliament adopts tomorrow key measures failed to restore confidence in the 18 eurozone partners, necessary step because Athens get a third bailout, ministers say.

       

The European Council President Donald Tusk announced the cancellation of the summit of Heads of State and Government of the EU, saying that the Eurozone summit will begin at 16 Italian and “will last until we have concluded the talks on Greece”.

       

The Eurogroup finance ministers this morning resumed the meeting adjourned in the night after nine hours of fierce debate on the granting of another three-year loan to Greece on the basis of the reform proposals that Tsipras agreed after a long resistance.

       

Several countries have supported a document of the German government which recommends the exit of Greece from the euro for five years if they do not immediately accept the harshest conditions, in particular blocking state assets to be privatized in an independent trust to repay debts.

       

The debate became so turned on that the President of the Eurogroup Jeroen Dijsselbloem decided to adjourn the meeting at midnight and resume talks this morning at 11.

       

“The main obstacle to an agreement is the lack of trust”, said this morning the Minister of Economy Pier Carlo Padoan talking to reporters. “I would like to see Parliament greek take concrete action from tomorrow to implement reforms”.

       

The ministers agreed in principle to try to lighten the debt burden greek but stopping before a “cut”, as long as Athens first implements key reforms in taxation, pensions market work and public administration.

       

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