The hopes for an agreement with Greece are attenuated. In Brussels, the euro zone finance ministers wrestle again to resolve the debt drama. Athens running out of time – without additional help threatens bankruptcy
Fate day for Greece: Euro finance ministers seek a compromise in dispute with the new government in Athens debts and. . austerity measures
Before the meeting of the Euro Group in Brussels on Monday, the expectations of both sides were high: Both Greek government and international donors are under enormous time pressure, since the end of February runs the bailout program for Athens. ” / p>
Federal Finance Minister Wolfgang Schäuble (CDU) dampened before meeting the hope for a quick solution. He was “very skeptical” whether there will be an agreement in Brussels, he said this morning in Germany radio: “I do the Greeks sorry you chose a government that behaves quite irresponsible at the moment..”
In order to get additional help from euro-countries, the country must now provide a way as it may make money in the future to pay for their own entitlements. It currently see not look that the left-right cabinet of Prime Minister Alexis Tsipras would submit such a proposal, Schaeuble said.
According to information from the “Süddeutsche Zeitung” (Monday) was criticized in Brussels that Athens more guilty remain the necessary data to be negotiated on the basis of the possibility of new aid for the highly indebted country. The chances of an agreement are slight. Premier Alexis Tsipras asked EU Commission chief Jean-Claude Juncker in a phone call to mediate. At the weekend, experts advised the lenders of the EU, IMF and ECB and the Greek government. Before the crucial meeting in Brussels, the tension in the financial markets in Athens remained high.
the end of February through the previously agreed aid for Athens, and capital flight from Greece prepare the banks are major problems. Many Greeks pull out of concern for the financial future funds from their accounts from. On Wednesday, the European Central Bank (ECB) Council meets. There could be an extension of the emergency loans (ELA) are advised for the banks, which are supported such assistance. The ELA volume should last have been increased by around 5 billion euros to around 65 billion euros, but is only for a short time to bridge.
At the same time Tsipras insists on new negotiations on the austerity measures. He wants to end the criticism of him as anti-social reforms. At the same time, it is certain that Athens has to rely on further support the euro partner.
Without additional financial injections Greece could go bankrupt, according to experts. An insolvency likely to be associated with losses for other Euro countries. The time also urges that additional assistance in some countries depend on the consent of the Parliament -. As well as in Germany
Tsipras had stressed again at the weekend that it does not go his government to new loans. “Instead of spending money we need time to realize our plans for reform. (…) Then Greece in six months another country,” he told the “star”. According to diplomats in Brussels, the existing utility could be changed so that Tsipras can sell it in Athens as a success. Central austerity and reform requirements should also be maintained.
Greece’s Finance Minister Giani Varoufakis was optimistic. 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 German Trade Union Federation (DGB), Reiner Hoffmann, required the Euro countries concessions to the new Greek leadership. “To insist on a continuation of the previous policy, does not make sense,” he told the “Berliner Zeitung” (Monday).
Council of the EU to the Euro Group meeting
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