AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)

Greece must cooperate with international creditors and boost confidence among its euro zone partners about economic reforms, Austrian Finance Minister Hans Joerg Schelling said in a radio interview, adding a lack of trust was a major problem.
If Athens does not step up efforts to honour terms of its current bailout package, it will find few allies in Europe should it need a third rescue, he added in an interview with Austrian ORF radio aired on Saturday.
He was speaking after European Union leaders welcomed a pledge from Greece to meet demands for a broad package of economic reform proposals within days to unlock the cash Athens needs to avoid crashing out of the euro zone.
Schelling, a conservative who has consistently taken a hard line with Athens, dismissed suggestions it was Greece versus Germany in the current debate. All euro zone members insist Greece respects the rules to let more money flow, he said.
"We have two problems at the moment. One is (a) problem of trust with Greece, because when we decide something it is something else again the next day," he said.
"The second problem is we are not getting facts and figures and it is very difficult to decide on (the basis of) nothing."
He noted Greece's accord with euro zone finance ministers spelled out that Prime Minister Alexis Tsipras's government should not introduce measures in parliament that have not been agreed in advance.
"But they do this every day, and that does not promote the basis of trust. That is the biggest problem we have at the moment," Schelling said.
Asked about prospects for a third bailout package for Greece, Schelling said this would be legally possible only once the second one was successfully concluded. "This process is under way now. According to many assessments it may not conclude successfully," he said without making clear to whose assessments he referred.
"We have said clearly that we want to help Greece but it also has to accept the help. Every programme has certain conditions and these conditions are to be respected, but if one doesn't want to respect the conditions then I think most countries are no longer ready to go into a third package."

Copyright Reuters, 2015

Comments

Comments are closed.