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Greece is, according to Finance Minister Yanis Varoufakis a path to sustainable growth more important than new loans. The country aspiring “a few months financial stability” to tackle reforms, the minister wrote on Monday in an opinion piece for the “New York Times”. Let the time being “no new loans” attached as long as no reliable plan for economic growth vorliege, which also allow repayment of such loans. The middle class in Greece must get back on their feet. In order to bring Greece back on track, the government in Athens shy not afraid to mess with “powerful interest groups.”
“We are determined not to let us treat you like a debt settlement,” he added added.
As of Monday afternoon, the euro zone finance ministers to negotiate with Varoufakis a way out of the debt dispute. At the end of the month the applicable utility of the Euro-partner for the country runs out. Without compromise on the further course Greece threatens a government default. Meanwhile, many people lift in the crisis country large sums of money from their accounts from
Tsipras. “I want to Greece from tragedy save”
Prime Minister Alexis Tsipras said in an interview with the “star” “I’m looking for a solution in which only a winner. (…) I want to save Greece from tragedy and preserve Europe before the split. “The leftist politician wants a departure from the current austerity plan.
Federal Finance Minister Wolfgang Schäuble (CDU) has hope for a speedy solution the Greek debt crisis damped. He was “very skeptical” whether there will be an agreement in Brussels, he said Monday morning in Germany radio: “I do the Greeks sorry. You have chosen a government that behaves quite irresponsible at the moment. “
Optimistic showed, however, the Greek Finance Minister Giani Varoufakis. One solution could still “Five minutes later” be found if need be, he told the newspaper “Kathimerini” with a view to the Brussels talks. The head of the Munich-based Ifo Institute, Hans-Werner Sinn, Greece advised once more to an exit from the euro. “Now only helps the drachma,” said the sense of “Bild” newspaper (Monday). The old rescue policy can not function, “because Greece does not become competitive. ‘
Greece threatened with insolvency
The chief economist of the ruling alliance of the Radical Left (SYRIZA), Giannis Milios, was located not sure on Sunday whether there will be a compromise. “We expect the first positive results of this trial on Monday,” he said on television. The Athenians Sunday newspaper “To Vima” did not rule out a further meeting of the Euro group or even a special EU summit on Greece.
If until February 28, no solution has been found, the rescue package for Greece is close. Then insolvency would threaten. Greek banks are currently held with emergency loans of the European Central Bank (ECB) alive.
Most Greeks are, according to surveys, although satisfied with the attitude of their government. The financial situation is becoming increasingly difficult.
According to data from banking circles in Athens the cash contributions have fallen to their lowest level since the outbreak of severe debt crisis. Also, “Kathimerini” reported that the Greeks had lifted some 20 billion euros since November 2014.
Many Greeks have tax debts not paid
reason is the fear of a sudden worsening of the situation because of the discrepancies between Athens and the EU on the degradation of the gigantic mountain of debt. In addition, many Greeks have not paid before and after the elections in late January in anticipation of relief tax debt to the state. The degree should be up to 5 billion euros, reported the Greek financial press on Sunday. The Ministry of Finance were to not exist.
Tsipras’ left-right government has declared the Greek austerity program is finished and calls for new rules on debt reduction. The chief of the euro bailout fund ESM, Klaus Regling, warned of a possible Greek exit from the euro zone. This was “the most expensive solution for Greece and for the euro area,” he told the TV station Phoenix. For Tsipras’ objective conditions for the repayment of debt renegotiation, Regling was sympathetic. The overall direction must also be maintained
consequences of a “Grexit” could spread to other countries access
The chairman of the trade union Verdi, Frank Bsirske, called the Euro countries to support Athens on. “The new government must get to finally distribute the crisis loads just the chance. “US monetary expert Barry Eichengreen warned in the” Welt am Sonntag “before a Greek euro-exit. Although Europe now has about by the ESM better crisis measures, the consequences of a “Grexit” could spill over on its assessment on other countries, “When Portuguese families or Spanish companies see how be drachmas from € again, they will get their money from the account. “ (dpa / Reuters)
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