The situation in Greece is always tricky: the country is the money from, but the most recent meeting in Brussels was no agreement to end. The Greeks rejected the offer of the euro-countries as “absurd” from. Well, the Euro group an ultimatum by the end of the week.
- Negotiations with Euro group failed
- Athens had offered as “absurd” back
- News Utility is running late February
- euro-countries to Greece deadline to Friday
06.52 Clock: After the failure of talks between the finance ministers of the euro group and the Greek Government, the President of the Ifo expected -Instituts, Hans-Werner Sinn, an early exit from the euro in Greece. The “Bild-Zeitung” of Tuesday said meaning: “At some point, the voltage between the dreams of politicians and economic reality is just too high. Then there is a blast, and you have to wake up. “The Greek government and the federal government had already woken up.” Now just need to follow Brussels, Paris and Frankfurt, “said further meaning. The economic-chief of the Kiel Institute for the World Economy (IfW ), Stefan Kooths, also provides for Greece under the government of new Prime Minister Alexis Tsipras no way to remain in the euro zone.
“If the current administration intends to take forward their policy, which is possible only if the euro” , Kooths told the “Bild-Zeitung”. “The Greeks go full on confrontation and play with the survival of their banking system.” With the collapse of the talks in Brussels was “the Euro-From Greece become much more likely.” Similarly, Jörg expressed Krämer, chief economist at Commerzbank. “Greece now has it in hand, whether it is sliding into a state bankruptcy and out of the monetary union is flying,” Chandler told “image”. Carsten Brzeski, chief economist at ING-Diba, sees willingness to reform the only alternative to the Greek Government to euro exit: “Either the Greeks wrinkles now, or creeping Grexit comes closer.”
Tuesday, February 17th 06.25 Clock: The Greek government has burst the discussions with the other euro countries. But the Nobel laureate Paul Krugman blames for the ongoing financial crisis and negotiation on the other side. In a blog for the “New York Times” Krugman writes, the Euro group put it on a Greek bankruptcy in order to set an example for other bankrupt states. The negotiations could be only two conjectures, as Krugman: either the Euro group representatives were “just suckers” or – and this keeps Krugman more likely – “they have decided to push Greece finally over the edge” The lack of wisdom is astounding and frightening.
Euro finance ministers to reach agreement in Brussels
22.48 clock : His counterpart in the Euro group threw Varoufakis before inconcrete information about intentions. In the negotiations on a solution to the debt dispute he had received no concrete answers to the question, what margin for maneuver of the Greek government should be allowed in the future. “A bit of flexibility is not enough,” said Varoufakis
21.35 clock. Greek Finance Minister Giani Varoufakis rejects an ultimatum to the Euro group and an extension of the aid program for his country. “We want a new contract,” Varoufakis said on Monday evening after the failure of a new round of negotiations over the debt problems of his country in Brussels. The old program is the cause, not the solution to the problems of Greece. “It’s a program that can not be successfully completed,” he said.
Varoufakis said he assumed that there could be further negotiations at European level on the next 48 hours. What does he mean exactly that, he did not say
20.55 clock. The Greek Finance Minister Giani Varoufakis manifests itself after the failed negotiations now also the press
19.55 clock. “We need more time to discuss with Greece, what they really want My message to the Greek government. We are ready to cooperate, “said Dijsselbloem. A new program would not be significantly different from the old. It was going in, for example, is still a stable Greek financial sector and the competitiveness of Greece
Schäuble:. Aid to Greece only if it satisfies the obligations
19.48 clock: “When the program runs, the money goes back to Luxembourg”, Dijsselbloem answers the question, what would happen with assistance if there would be no continuation of the program. However, he would “ appreciate a program extension request from Greece”
19.46 clock. “I think the right way is to first launch of a new progammes to question, “says Pierre Moscovici
19.43 clock. Dijsselbloems preferred scenario would the Greek government for an extension of the program ask. Then they would work out the way forward together and finally implement
19.40 clock. Then the Euro Group Chief formulated an ultimatum: The Euro Group is Greece until the end of the week to extend its aid program to apply. “I think we can take this week, but that’s pretty much it” , said Euro Group CEO Jeroen Dijsselbloem in Brussels on Monday. Another Euro Group meeting could therefore take place on Friday after negotiations between Greece and the 18 other euro-countries had failed again on Monday.
19.39 Clock: Dijsselbloem says: “. We are willing to cooperate with the Greeks” But the Greeks would have to indicate that they were serious, before we talk about the flexibility of the new program . could
19.37 Clock: The French EU Monetary Affairs Commissioner Pierre Moscovici says. “We can only find a solution if we proceed logically, not ideological”
19.35 clock: “As part of a program, there is always a degree of flexibility,” said Dijsselbloem. The EU had agreed on the framework
19.31 clock. Euro Group CEO Jeroen Dijsselbloem stated that after the expiry of the aid program had to be found for the time being a temporary solution. From the perspective of the Greek Minister it was possible
19.28 clock. Watch the press conference in the ticker of FOCUS Online .
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