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18.01.2019 02:48
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BRUSSELS Nike Air Vapormax Off White Pas Cher , July 12 (Xinhua) -- The leaders of 19 eurozone member countries are gathering here on Sunday to discuss Greece's bailout program as the ongoing finance ministers' meeting has come into a deadlock due to lacking of trust.

The crucial Euro summit along with Eurogroup meeting this weekend was widely seen as "the last try" for Greece to avert bankruptcy and exit from the European common currency zone.

Greek Prime Minister Alexis Tsipras upon arrival for the summit told reporters outside the European Council building that he was there "for an honest compromise."

"I'm here for an honest compromise," he said, stressing "we can reach an agreement tonight if all parties want it."

German Chancellor Angela Merkel told reporters that it is unlikely a deal will be yielded from the crucial summit. "No agreement at any cost," she said, adding that "We have not received a unanimous notification from Eurogroup."

"We are going to examine this evening whether we can start negotiations for an ESM (European Stability Mechanism) program. But whether we succeed remains to be seen," she added.

"Most important currency is trust, and we already missed," said Merkel.

It is being rumoured in Brussels that Germany was pushing a Plan B: a five-year temporary exit of Greece from the eurozone.

In contrast to that, French President Francois Hollande pledged to try best to seek an agreement in the summit.

"France will do everything to reach agreement tonight," he said before heading into the building.

Disagreed with Germany's stands, Hollande insisted that "there's no temporary Grexit. There's Grexit or not Grexit."

After months of tough negotiations, eurozone finance ministers gathered in Brussels on Saturday afternoon with expectations to seal a deal on Greece's bailout program, but doubts on Greece's implementation of the reform measures hiked.

After a marathon meeting ended fruitlessly on Saturday, the finance ministers resumed talks Sunday morning.

Without a debt deal in the coming hours, Greece faces financial collapse and Grexit. Greek banks have been closed for the past two weeks and are running out of cash while the country's economy is suffering from capital controls.

Besides, Greece has been in arrears to the International Monetary Fund since July 1 and faces a 3.5-billion-euro debt repayment to the European Central Bank on July 20. (1 euro = 1.12 U.S. dollars)


Eurogroup meeting ends without agreement, to be continued Sunday

BRUSSELS, July 12 (Xinhua) -- The finance ministers of eurozone countries will continue to discuss the Greek bailout programme on Sunday, Eurogroup President Jeroen Dijsselbloem said early Sunday after the group's 13-hour meeting.??Full story

German gov't skeptical about Greece's new proposals: report

BERLIN, July 11 (Xinhua) -- The German government was skeptical about Greece's latest reform proposals and offered alternative options including a temporary "Grexit", a newspaper reported on Saturday.

The German government regarded Greece's proposals as "missing centrally important areas of reform to modernize the country and to advance on the long term economic growth and sustainable development", thus could "not be the basis for a completely new, three year" bailout program, reported Frankfurter Allgemeine Sonntagszeitung, citing a position paper from German Federal Finance Ministry.Full Story

Hollande says Greece's new proposals "serious, credible"

PARIS, July 10 (Xinhua) -- French President?Francois Hollande?said Friday that the Greek government's proposals for a debt deal with its lenders to avoid a looming bankruptcy and exit from the euro zone are "serious and credible."

"Euro is a project, an idea and a conviction that makes us stronger together," said Hollande, who also affirmed that the Greeks should understand that reforms were "indispensable."

MOSCOW, July 15 (Xinhua) -- Russian Foreign Minister Sergei Lavrov and his U.S. counterpart John Kerry discussed here on Friday joint efforts to advance dialogue on Syria, and agreed to develop a "road map" to improve the current strained Russia-U.S. ties.

The two sides agreed on the common goal to eliminate threats from the Islamic State, Jebhat al-Nusra and other terrorist groups in Syria, and to curb foreign sources of support for terrorism in the country, Lavrov said after their marathon talks.

They also discussed in detail steps that they could take to beef up the efficiency of their joint work in supporting the peace process in the war-ravaged country, Lavrov said, while noting that immediate results should not be expected.

Lavrov and Kerry also called for more efforts from the United Nations Special Envoy for Syria Staffan de Mistura to further promote the Syrian talks and to introduce proposals for conflicting parties to revive the paece-seeking dialogue.

Commenting on relations between the two countries, Lavrov said that there is an understanding between Moscow and Washington that they need each other and are needed by the international community.

He added that Russia is open for dialo

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