Angela Merkel is waiting for Greece’s list of reforms before releasing more Euro cash

Russia's President Vladimir Putin (R) attends the Asia-Pacific Economic Cooperation (APEC) Summit Leaders' Retreat Two with U.S. Secretary of State Hillary Clinton (C) and Vietnam's President Truong Tan Sang in Vladivostok September 9, 2012, REUTERS/Jim Watson/Pool (RUSSIA - Tags: POLITICS BUSINESS) - RTR37PQB

With each passing day it appears that Merkel continues to bring Greece, and its PM Alexis Tsipras, closer to accepting that a 3rd memorandum and more austerity is the only way forward.

Of course such an acceptance by Tsipras would mean that his entire campaign platform, which elevated his SYRIA party to the government, will be rendered null and void.

After EU meetings last night, Merkel was quoted as saying to The Wall Street Journal…

“Based on how the conversation took place, I hope that this list of reforms will also come.”

Sputnik News Agency reports…

According to the newspaper, Tsipras said after the meeting with Merkel and several other European leaders on Thursday that the talks had moved the situation forward.

European leaders reportedly said that the process of helping Greece could be speeded up if Athens agreed to quick reforms.

Greece’s economy is struggling at the moment, with the country’s government having borrowed 240 billion euros ($265 billion) from the European Union, the European Central Bank (ECB) and the International Monetary Fund (IMF) under austerity measures imposed on the country.

However, following the January victory in the Greek elections, Tsipras’s Syriza party said it would abandon the country’s austerity obligations, raising concerns that Greece could leave the Eurozone.

In February, Greece and Eurozone finance ministers agreed to extend the country’s bailout for another four months. Under the new deal, Greece should carry out all remaining austerity reforms required by creditors before receiving further financial aid.


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