Greek debt crisis: Eurozone finance ministers warn Tsipras may have to …

They came knowing that the Greek parliament has overwhelmingly passed a package of reform and austerity measures that the Alexis Tsipras government hopes will convince creditors to grant his country a three-year bailout.

The Prime Minister warned that his country was facing a minefield of negotiations after promising tax hikes and spending cuts that have angered voters who rejected similar austerity measures in a referendum just days ago.

Greek prime minister Alexis Tsipras is applauded by lawmakers before addressing his parliamentary group meeting at the Greek Parliament in Athens

His new proposals appear to have assuaged some concerns in Europe but it appears Greece will still have to do more.

A source close to the negotiations said international creditors have found the Greek package “under certain conditions…as a basis for discussion”but creditors were still looking for stronger commitments and urgent action on several issues.

Jeroen Dijsselbloem, the Eurogroup president and Dutch finance minister, said: We are still far away. It looks quite complicated. On both content and the more complicated question of trust, even if its all good on paper the question is whether it will get off the ground and will it happen.

So I think we are facing a difficult negotiation.

Eurogroups President Jeroen Dijsselbloem arrives at a special Eurogroup meeting at the Lex building in Brussels

He said Greece would have to listen to EU ministers and institutions in the hated Troika, asking Can the Greek Government can be trusted to do what they are promising, to actually implement in coming weeks, months and years?

Germanys Finance Minister, Wolfgang Schaeuble, said the talks would be extremely difficult and said the Eurogroup could no longer rely on promises.

Spains Economy Minister Luis de Guindos and Greek Finance Minister Euclid Tsakalotos (R) attend a euro zone finance ministers meeting in Brussels, Belgium, July 11, 2015

The Irish finance minister, Michael Noonan, said that Greece must begin implementing the proposals immediately if it is to succeed, and that the most recent developments would have been far more welcome if they had happened earlier in the year.

Spains Prime Minister Mariano Rajoy told reporters the new agreement will be worse than the previous one.

Christine Lagarde, the managing director of the IMF, sounded a more positive note on her arrival, saying: I think we are here to make a lot more progress.

Eric Wiebes, the Netherlands state secretary, pointed to the fact that many of the reform proposals that the Greek government got through parliament late last night were similar to those rejected in a referendum six days ago.

Irish Finance Minister Michael Noonan, center, speaks with Italian Finance Minister Pier Carlo Padoan

We are discussing a proposal that is very similar to the proposal that was rejected massively less than a week ago, he added.

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