Monday, February 16, 2015

European finance ministers meeting on the crisis in Greece – SPIEGEL ONLINE

European finance ministers meeting on the crisis in Greece – SPIEGEL ONLINE

The crucial meeting of euro zone finance ministers on the debt crisis in Greece has started under adverse conditions. The new Greek Finance Minister Yannis Varoufakis appeared with considerable delay to the proceedings. A previous conversation between him and Euro group boss Jeroen Dijsselbloem was extremely tense, according to observers.

“Between Athens and the rest of the euro group are still worlds,” says a senior EU diplomat. “You do not even know what tactics actually follow the Greeks.” Finance Minister Wolfgang Schäuble (CDU) expressed skepticism before the meeting: “The Greek government has apparently does not move.”

In fact, the Greek television has reported 18 clock on Monday evening that the Greek government reject the proposals of the Euro Group fundamentally you meant “loss of time, so it may – under these circumstances – no agreement,” quoted a TV transmitter government circles .

According to reports, there still exists no comprehensive written proposal of the Greeks for a financial plan. The end of February runs from the applicable utility of Euro-partner for Greece. Without compromise on the further course of the country threatens national bankruptcy. So far, the Greek government has opposed the extension of the utility. Since a new program in several euro member states, including Germany, would through parliament, now every day counts.

For further confusion caused a proposal by Giannis Varoufakis. According to “Süddeutsche Zeitung” he said Greek journalists on Monday afternoon that he would propose to the euro finance ministers a moratorium would win with the time to negotiate further financial cooperation with Greece. Varoufakis would suggest that the new Greek government and the Euro-parties undertake together with the European institutions, not to take unilateral steps in the next three or four months.

In practice it can dispense with the performance of his expensive campaign promises that Syriza now. The euro partners to guarantee, on the European Central Bank (ECB) to supply the Greek banks with liquidity.

But this idea was met with senior representatives of the euro zone sharp rejection. “That would power on without any consideration of the Greeks. Should they be rewarded as they promise to do no harm?” Said a euro zone negotiator. In Berlin, but also in many other major cities in the Euro-Member States, the transaction line is clear: About details of reforms and other utilities can be negotiated. But the will to reform Greece must remain recognizable.

“The positions are far apart”

According to several media reports, a working group already prepared a compromise proposal for the euro zone finance ministers meeting. The donors should be ready to explain then to pay the remaining tranche of aid for Greece in the amount of 7.2 billion euros in smaller amounts in the coming months to Athens. At the same time Athens, the time it takes to get (about three to four months after their own ideas) to pack his self-imposed targets for reform.

Parallel to the “institutions” (as the new name for the renamed troika) to check out inspectors of the European Union, the International Monetary Fund (IMF) and the European Central Bank (ECB) in Brussels whether Greece complies with the austerity measures. However,

Some euro finance ministers continued to express lack of understanding of the Greek approach: “It can not be that someone can not use his credit as a private person and then attacked the bank manager and the conditions dictated,” said Austrian Finance Minister Hans Jörg Schelling. “The positions are far apart,” said the Belgian Finance Minister Johan van Overtveldt. “If all remain in the positions of last week, it will be extremely difficult.”

considerations, it has been held the meeting on Monday to give a further round towards the end of the week, members EU diplomats been a clear rejection: “What should we talk about when we do not make progress simply because then”

The author on facebook

LikeTweet

No comments:

Post a Comment