Greece’s debt crisis – Varoufakis meet but with Schäuble – Süddeutsche.de

Greece's debt crisis – Varoufakis meet but with Schäuble – Süddeutsche.de

• In the conflict to a new distribution of Greek debt, the new Athenian Treasury Varoufakis meets on Thursday now to talk with his German counterpart.
• the day before been to Brussels at the ECB and its president, Mario Draghi.
• Its head of government Tsipras also touring Europe and will meet on Wednesday EU Commission President Juncker and French President Hollande.

visit to Berlin on Thursday

The Greek Finance Minister Yanis Varoufakis but now wants to meet with German Finance Minister Wolfgang Schäuble. This was announced Varoufakis on Tuesday during a visit to his Italian counterpart, Pier Carlo Padoan in Rome. Thus, the visit was planned for Thursday. A spokeswoman said Schaeuble initially only to prepare for an appointment before.

“I have great respect for Dr. Schäuble,” quoted the news agency Ansa Varoufakis. “I have been following his articles since the 80s. He has a very intellectual and European approach. However, the policy affects all. I’ve only seen three weeks ago in politics, so I’m optimistic about the possibility of an agreement.” Prior to the new Greek government had specifically attacked German Chancellor Angela Merkel and Schäuble because of their tough attitude to austerity.

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Visit the ECB on Wednesday

On Wednesday visited Varoufakis the European Central Bank in Frankfurt. He will also meet with ECB chief Mario Draghi. On the same day, the top central bankers in the Governing Council are expected to provide guidance on emergency loans for Greek banks.

At the same time Varoufakis suggested in the conflict to a reduction of the Greek debt gentler tones on. Instead of a haircut, the government of the country think of a proposed list of debt restructuring, said the finance ministers of the Financial Times . Varoufakis suggested going to replace grants of the European partners through papers that are linked to economic growth in the Mediterranean country. Acquired by the ECB Greece bonds should be replaced by bonds with an indefinite term. In addition, Athens would fight tax evasion hard and taxing rich Greeks sharper.

sovereign debt in Greece Greece disengaged from debt cut off

Greek Finance Minister Varoufakis presents plans to resolve the dispute with the creditors. He proposes a restructuring – even if the SYRIZA party thus breaking an election promise.

European tour

The Greek Prime Minister Alexis Tsipras touts along with his finance minister this week in European capitals represent a different approach to the Greek debt problem. On Wednesday Tsipras wanted to meet in Paris President François Hollande and the EU Commission in Brussels Jean-Claude Juncker.

Greece sovereign debt in the amount of about 320 billion euros. This year the debt Athens is representing nearly 169 percent of economic output, are actually allowed a maximum of 60 percent. Three years ago, private creditors such as banks had already suffered a haircut of 50 percent.