All the day´s economic and financial news, including the unravelling of Kraft Heinz´s pursuit of Unilever and a Greek bailout meetingLatest: Greece and creditors will discuss fresh measuresNew measures on tax, pensions and labour market reformsEurozone ministers have met to discuss Greece´s debtEarlier:Unilever shares have fallen 7% todayShareholders: Kraft didn´t offer enough 4.54pm GMT Q: Do you think Greece and the institutions will agree a package that persuades the International Monetary Fund to join the bailout, and will you provide the next tranche of bailout funds if not?Dijsselbloem says the IMF wants to see Greece´s economy recovering, and see that its debts are sustainable. 4.51pm GMT Dijsselbloem says he can´t put a figure on today´s agreement, as some measures are still being discussed. But what has been agreed is `to the liking of the IMF` he adds. 4.49pm GMT Q: Does today´s agreement mean the end of austerity in Greece?....Jeroen Dijsselbloem slaps this idea down straight away! I´m a finance minister, he says, I can never promise the end of austerity, as finance ministers must maintain a tight budget and ensure it is sustainable..@J_Dijsselbloem We should see this as a turn from austerity to more structural reforms-if things go acc to plan there will be fiscal spaceI am a minister of finance, I can never promise the end of austerity, says Dijsselbloem, living up to his reputation. 4.46pm GMT There´s some relief in the bond market:Greece`s 2y yields drop as #Eurozone, #Greece reach deal on return of bailout inspectors. https://t.co/tObS1a5PL4 pic.twitter.com/pBwIxFD0Ko 4.44pm GMT Q: Must the Greek government legislate any fresh measures before the mission teams will return?No, Dijsselbloem replies, the institutions will now return to Athens. They will talk to the Greek authorities about the specifics of tax reforms, pension reforms, the labour markets, etc.Upfront legislation of measures will be needed after mission chiefs return to Athens & ag ...
|
