The Greeks think they actually already in full plan are. So far, Athens persistently refuses to admit that another bailout package for the country may be necessary. Therefore, there is now able to get a “technical extension” of the old program.
The comparison with Greece is not flattering at euro stability criteria. Nevertheless, it was seven euro-countries need to put up with, including France, the second largest economy in the common currency: the conformity of their budgets to the European Stability and Growth Pact is considered “at risk”
You should to March. rectify. One had “a few more months” to admit was Germany’s Finance Minister Wolfgang Schäuble (CDU) on the Monday before the Euro-group meeting in Brussels. And he added pointedly added: “So true what applies to Greece, then to the large states.”
Greek wishful thinking
The Greeks found themselves that they actually already on schedule are. Athens persistently refuses to admit that a third rescue package for the cash-strapped country may be necessary. Full member of the Euro-group it wants to be, in the words of Deputy Prime Minister Evangelos Venizelos starting from 1 January 2015 again. Thus, the Euro group meeting came on eggshells around Athens saving face
A Royal offered in:. No official third package cry, but speak of a “technical extension” of the old program. Two months extension presented the finance ministers of the Greeks in prospect, but made at the same time also clear that Athens must still reloading: What their informants had to report from there, was not enough to recognize progress
“We have that now. do, “urged euro-group boss Jeroen Dijsselbloem the Greek partner. “We will decide the future only when the current program is terminated positive.”
Fresh money means Control
Ultimately, Matthias Kulla is safe, economist at the Centre for European Policy (CEP) in Freiburg, leads to new aid no way around: “As a precautionary credit line will come.” He explains not only the monetary and economic hardships Athens. Had its euro partners with their guarantees for the loans of the past so much money in the fire, that they wanted to continue to comply with the limits for fresh money “some access to the Greek government.”
Planning at the Facts by
1.8 billion euros are planned in the old package your payment is delayed because of discrepancies between Athens and the troika, the triple alliance of donors for Greece. EU, European Central Bank (ECB) and International Monetary Fund (IMF). The Troika requires additional savings.
But Greek officials plan them unmolested. The appearance of a renovated country for them in the face of a possible early parliamentary election early next year political survival. Since facts remain ever on the . Thus route Finance announced Gikas Hardouvelis the Athens parliament: “We can not say it out loud, but our debts are much lower, is told as internationally anywhere.”
In Video: In Europe, the economy points to – but not everywhere
No comments:
Post a Comment