Greece hosts unofficial Eurozone economic summit

Tuesday, April 01, 2014

Eurozone Finance Ministers meet with an agenda covering Greece's delayed bailout payment plan and the EU banking union project

Eurozone Finance Ministers meet with an agenda covering Greece's delayed bailout payment plan and the EU banking union project

ATHENS – An unofficial Eurozone Finance Ministers meeting has begun in Athens under the EU presidency of Greece to discuss a payment plan for the country and the establishment of an EU banking union project.

Security was tight amid calls from many groups, including the Civil Servants' Confederation (ADEDY) and the All Workers' Militant Front (PAME), for protests prior to the meeting on Tuesday.

Discussions are expected to focus mainly on delayed bailout payments to Greece, difficulties within Portugal’s "rescue program", the social impact of the economic crisis on EU countries, economic development and banking union projects, among other topics.

Being the first Eurozone country to be supported with a bailout, Greece hopes for a positive signal from Eurozone countries indicating further support.

But Eurozone country ministers are not expected to give any sign of their intentions ahead of assessments by the Troika, consisting of the International Monetary Fund (IMF), European Central Bank (ECB) and European Commission (EC).

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