Monday's the day for the Greek bailout deal

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Monday's the day for the Greek bailout deal

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The Eurogroup has been assured by Greece that all the oustanding issues regarding its bailout deal will be tied up before their ministerial meeting on Monday.

Greek Finance Minister Evangelos Venizelos said the Greek cabinet had come up with the extra 325 million euros worth of cuts plus a commitment to reform from Greece’s main parties.

Venizelos said: “As far as they are concerned, they wanted to know that they are dealing with a credible country, not this party or that, nor one or then another government, but one nation that will be consistent and I think we made this very clear to them.”

EU patience is running out with Greek leaders who seem to work right up to deadlines or beyond. Critics along with Germany’s Finance Minister Wolfgang Schaeuble said Greece would turn into a bottomless pit and still end up bankrupt.

In a rare foray into international controversy, Greece’s President Karolos Papoulias rebuked Schaeuble for his remarks.

“I cannot accept Mr Schaeuble insulting my nation. I cannot accept this as a Greek. Who is Mr Schaeuble that he can insult Greece?”

In a gesture of solidarity with the Greek people who are being called on to make enormous sacrifices, the 82-year-old president is to give up his annual public salary.