The situation in Greece is always tricky for the land running out of money, but the recent meeting in Brussels was no agreement to end. This is mainly due to the design, presented by the Euro Group -. And two little words
- Negotiations with Euro group failed
- Athens had offered as “absurd” back
- News Utility is running late February
- Euro-countries are Greece deadline to Friday
09:15 clock: The Greek Government has confirmed that it will request an extension of the aid program nor on Wednesday. “We will now send the letter,” government spokesman announced Gavriil Sakellarides in Greek television. The letter goes on Euro group boss Jeroen Dijsselbloem. For exact content is Sakellarides but declined to comment and referred to the Ministry of Finance. This meant that the crucial question is whether accepted on the date agreed requirements of the international donors, remains unclear
08:25 clock. The foreign exchange market continues to react calmly to the debt crisis in Greece. So the euro against the dollar is has held just above $ 1.14 on Wednesday. In the morning, the euro was trading at $ 1.1408, which is almost the same price as the previous evening.
18th February 06.10 Clock: The Greek government is to “gamble” according to the German Institute for Economic Research (DIW), while in the dispute with the other euro countries. In an interview with the “new Osnabrück newspaper” said DIW President Marcel Fratzscher, the government in Athens sit at the shorter lever. “You can Europe be blackmailed.” He was optimistic that in the next few days at least an extension of the current aid program will decided.
“This, however, is buying the Greek government only time, but does the basic problems are not, “he said. Greece stands by his words, the economic abyss “unless a solution is quickly found, then the probability of a deep financial crisis in the country is large, this would plunge the economy back deep into the crisis, unemployment would rise and incomes would continue to fall. . “
Greek government wants to extend credit program
23.00 clock: After the stubborn refusal of the past few days but Greece is considering a request for further help the euro partners. “We need the credit program for a few months period in order to get enough stability so that we can negotiate a new agreement between Greece and Europe,” Finance Minister Yannis Varoufakis said Tuesday evening in Brussels ZDF. German Finance Minister Wolfgang Schäuble (CDU) made immediately clear that Greece must it meet the agreed conditions
. Video: Euro finance ministers to reach agreement in Brussels
For the period of extension it would” of course be three, four conditions, “Varoufakis said. In concrete commitments, which is ready to reforms and measures Athens in return for more emergency loans, wait Schaeuble and his colleagues-as yet. “Greece wants to get loans, but do not meet the conditions to ensure that Greece continued to recover economically,” Schaeuble said in the ZDF “heute journal”. “Credit Agreement”, from the Varoufakis said, it did not exist, but only a “utility”, which is linked to reforms that would be brought to the “self-help” the Greeks. About Greece’s new Prime Minister Alexis Tsipras and his government Schäuble was downright angry. “Now the people are incited by false promises,” he said
20.50 clock. The signals coming from Athens on Tuesday evening, hinted at a cautious willingness to compromise. “For me, nothing has arrived,” Schaeuble said this in the ARD “daily news”. If the new Greek government but make a concrete proposal, then it must “about Reliable, be Resilient, otherwise the whole thing makes no sense.” At the same time Schäuble signaled a certain willingness to compromise. Greece must either continue on the current path “or show a better way as it can get even on their own two feet again.” But “easy to say we now need more money and we do nothing, and then other insult, that’s not at all “
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18.57 clock: Greece will ask the debt dispute with its euro partners According to inside information about an extension of the current credit agreement for up to six months. Athens wants to submit the application on Wednesday, said a person familiar with the plans person in Brussels. The conditions were still under negotiation. Greek Prime Minister Alexis Tsipras had previously refused to extend the subject to certain conditions complete reform assistance program, which ends on 28 February. The Prime Minister explicitly differentiates between the entire program and the credit agreement in particular.
On the financial information has been received. The euro rose against the dollar. The US stock markets reduced their losses. The euro finance ministers had failed on Monday evening, to resolve the conflict with the supported of left- and right-wing populists Greek government. They put the Greeks have until the end of the week to extend the expired in eleven days bailout program for a few months.
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