Greece appeals to creditors to approve debt relief measures

Greece told its EU-IMF creditors on Sunday that there should be "no excuse" for delays in debt relief payments now that Athens has "fulfilled its obligations" With further cuts in austerity. The call took place on the eve of a meeting of eurozone finance ministers in Brussels that will address the issue.

"Our country by adopting the new measures through the Greek parliament has fulfilled its obligations in full and on time," Finance Minister Euclid Tsakalotos said in a press release from the Press Agency. 39; Athens. "There is no excuse for further delay on the issue of debt relief."

The Greek Parliament on Thursday adopted a new round of austerity cuts that the government hopes to guarantee debt relief and loan disbursements by EU-IMF creditors.

The bill provides € 4.9 billion ($ 5.4 billion) in pension reductions and lower tax relief in 2018-2021 and was passed by a majority of 153 legislators Of the ruling coalition. "The decisions are now in the hands of the institutions to pave the way for our access to the EQ (European Central Bank 's asset purchase program) and to our return to the bond markets" , Said Tsakalotos.

The issue of debt relief has served as a point of contention for months between Berlin and the IMF, which does not want to participate in the rescue program, unless the debt burden of Greece Is reduced to manageable levels.

In his calls for substantial debt relief, Greek Prime Minister Alexis Tsipras is facing resistance from Germany, where additional concessions are unpopular with an electorate called for a general election in September.

According to sources familiar with the issue, the countries of the IMF and the euro zone are close to a compromise, which would pave the way for a global agreement allowing Greece to return to the bond markets in 2018 .

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