Wednesday, February 4, 2015

Varoufakis is campaigning for ECB chief Draghi to support – tagesschau.de

Varoufakis is campaigning for ECB chief Draghi to support – tagesschau.de

Date: 04/02/2015 12:47 clock

Greek Finance Minister Varoufakis he was optimistic after meeting with ECB chief Draghi. He believes that talks with international donors would soon be completed. But the ECB locks apparently against his plans.

In the fight against the debt crisis in his country, the Greek Finance Minister Yanis Varoufakis at the European Central Bank (ECB) in Frankfurt has been campaigning for his course. After talking with ECB President Mario Draghi was confident: “I have no doubt that we can complete in a very short period of discussions with our European partners and the International Monetary Fund (IMF) and the ECB, so we can make the Greek economy to start. “

The ever more fresh loans,” we can never repay, “I’m out of the question for him, however. “Greece is – less interest expenses – never submit a budget deficit again,” Varoufakis said

He had Draghi but also demonstrated that the new Greek government “no business as. usual ” could give. “This also applies to the EU program that fuels the crisis in our country and has caused a major humanitarian crisis,” added Varoufakis. Draghi did not comment so far

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From central bank sources said that the ECB rejects the recent proposals of Greece in the fight against the debt burden. The ECB is reportedly unwilling to extend the terms of Greek loans.

In addition, the central bank wants the current ceiling of 15 billion euros for the issuance of short-term money market instruments (“T -Bills “) does not – as required by the Greek government – increased by ten billion euros. Thus, the government intends to finance Prime Minister Alexis Tsipras for a few months until a comprehensive settlement with the debtor of the country is under negotiation.

The EU partners and the International Monetary Fund rescued Greece since the year 2010 more than two utilities in the amount of 240 billion euros from bankruptcy. The second utility runs from the end of February.

Also Tsipras is now one of deliberations in Brussels. He holds talks with EU Commission chief Jean-Claude Juncker

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