Debt dispute with Athens: Merkel prepared to compromise – FAZ – Frankfurter Allgemeine Zeitung

Debt dispute with Athens: Merkel prepared to compromise – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Chancellor Angela Merkel (CDU) in Brussels on Thursday.
     

 
                                           
 
 
     
     
     
         
         
                                                             

Chancellor Angela Merkel has signaled a willingness to compromise in debt dispute shortly before their first meeting with Greek Prime Minister Alexis Tsipras. “Europe is aimed at, and that is also Europe’s success in finding a compromise,” Merkel said Thursday before the informal EU summit in Brussels, where she met Tsipras for the first time.

                         
         
         
                                                             
                                 

The two leaders greeted each other with a handshake and a smile spoke briefly with each other. According to Greek information Tsipras Merkel congratulated it on his election victory. In addition, they have stated that they hope to have a good cooperation despite the difficulties. Tsipras repli ed with a smile: “I hope so.”

                         
         
         
                                                             

weigh the pros and cons

Before meeting with Tsipras Merkel told journalists that compromise would be received if the benefits outweigh the disadvantages. “Germany is prepared to do.” However, the credibility of Europe based on the fact that rules were complied with and it is reliable to each other. Tsipras commented upon his arrival in Brussels confident that the debt dispute a common solution would be found to heal the wounds of austerity policies.

                         
         
         
                                                             

The new left-wing government of Greece will exit the utility programs of international donors and the supervision by the so-called troika of the EU Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF). Germany as the largest single creditor of the euro zone, however, insists on compliance with the agreements.

                         
         
         
                                                             

Troika to proposals Athens check

After the inconclusive meeting of euro zone finance ministers on Wednesday movement now comes but in the debt dispute with Greece: Euro group boss Jeroen Dijsselbloem and the Greek Prime Minister Alexis Tsipras agreed on Thursday to a order for the experts of creditors Troika, a spokesman Dijsselbloems announced on the edge of the EU summit in Brussels. The experts of the International Monetary Fund (IMF), European Commission and the European Central Bank (ECB) to examine the current utility and the Greek plans are compatible to what extent.

                         
         
         
                                                             

On Friday, probably the Troika meeting with the Greek government in Brussels will meet. A meeting of euro zone finance ministers had ended inconclusively on the night of Thursday, after the Gree k financial department chief Yanis Varoufakis had withdrawn its approval for a joint declaration again.

                         
         
         
                                                             

Actually, the order of which would have “technical review” should come early as Wednesday, but agreed to Greece’s Finance Minister Yannis Varoufakis a prepared statement after consultation with Tsirpars late at night but not too. This led to resentment among the Euro-partners. What Tsipras moved to relent on Thursday, initially remained open.

                         
         
         
                                                             

Monday another meeting of the Eur o Group

The current program of assistance for Greece runs from the end of February, without an extension threatens Athens soon go bankrupt. Before an application for an extension of the program Greece shies away though, because it does not want to meet longer associated austerity and reform requirements. Concrete proposals from Athens, as the country wants to bring its finances by other means in order that the new government was guilty so far.

                         
         
         
                                                             

For a first evaluation of the experts from the three institutions is not much time. On Monday meet in Brussels again the Euro finance ministers to search for a way out. For more help for the Greeks would have to give, among other things, the Bundestag in Berlin green light. Failure to bring a new pack age wrapped up by the end of the month, the outstanding emergency loans would expire and the struggle to find a solution would have to start over. “We need a deal on Monday,” demanded the Finnish Prime Minister Alexander Stubb. Greece must return for financial support of 240 billion euros were also to his house in order and privatize state enterprises.

                                                                 
 

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debt dispute with Athens

Merkel willing to compromise

Chancellor Angela Merkel has signaled a willingness to compromise in debt dispute with Athens at the EU summit in Brussels. At the same time there is a first approximation between Athens and the troika.

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