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Monday, February 16, 2015
Relentless in the matter: But in the struggle for further aid for Greece time is running out. Again Athens can burst the talks. And the euro finance ministers remain hard. Takes Athens’ defeat in buying?
The efforts to further finance the risk of bankruptcy of Greece have suffered a recent setback. In Brussels, the euro finance ministers and the government in Athens could not agree on a solution. Now the Euro group wants to give the ailing country until the end of the week, time to apply for an extension of its utility. “I think we can take this week, but that’s pretty much it,” said Euro Group boss Jeroen Dijsselbloem. Another Euro Group meeting could take place on Friday. Greece’s Finance Minister Giani Varoufakis rejected the ultimatum and an extension of the aid program for his country.
“We want a new contract,” Varoufakis said. The old program is the cause, not the solution to the problems of Greece. “It’s a program that can not be completed successfully.” Varoufakis said he assumed that there could be more European negotiations about the next 48 hours. What does he mean exactly that, he did not say. “We would be more than happy to apply for an extension of the credit agreement,” he said.
“easy feeling of disappointment”
Before the negotiations failed again at No Greece. The government Alexis Tspiras balks at an extension of the current aid program. A representative of the Mediterranean country described the draft declaration to be unreasonable and unacceptable. “Under these circumstances, there can be no agreement today”. Those who come back to this demand, wasting their time. Immediately thereafter, the meeting ended. Already in the early hours of last Thursday Greece had had talks fail.
In the round of euro zone finance ministers, there were loud Dijsselbloem “a slight feeling of disappointment” after talks by experts from both sides in the days before ” would continue “provided no solid common ground. The other euro countries would take the position that “an extension of the program continues to be the best way forward”. Within the program flexibility is possible, but it also see “Fuses and obligations”, which must follow in Greece.
There is “no alternative to the extension of the program,” said Pierre Moscovici and Monetary Affairs Commissioner. “We will continue the dialogue during the week.” From Greece but must come “the first step”. And time is short: The current program, which rejects the leftist government in Athens will run until the end of February. Then, the country is facing bankruptcy.
Athens to implement reforms
From Athens government sources said, Dijsselbloem would be that the Greek Government to detail implementing the austerity program into action. That which was presented at the meeting of the Euro Group, “differs from the agreements between the government leader Alexis Tsipras and Euro group chief Dijsselbloem” from, it said. The memorandum had failed and was no longer valid. In further to talk about “wasting time” means, it said.
After a circulating Dijsselbloem Design Greece should declare its intention to request “as an intermediate step, a six-month technical extension” of the current utility. This would bridge the time until both sides have developed “a successor agreement”. Under the proposal, Athens should undertake “long to implement overdue reforms to combat corruption and tax evasion” and explain that it will meet its financial obligations to its donors.
The Euro falls with reports of a failure the talks under pressure. After the European currency was previously commuted to $ 1.14 long, she fell to the first failure messages back to $ 1.1341.
Green attack Tsipras
Sharp criticism of the Greeks meanwhile, comes from the Greens in the European Parliament. “For all the sympathy for the reform ideas of the new government, I am shocked at how amateurish it is to deal with the reality of open capital markets,” said Green financial expert in the European Parliament, Sven Giegold, the “Stuttgarter Zeitung”, according to a preliminary report.
Prior to the Greek newspaper “Kathimerini” had reported that Greek bank customers had lifted a total of 20 billion euros from their accounts since December. “This figure agrees roughly,” the newspaper quoted from circles of the European Central Bank (ECB). At the solvency of banks, the ECB’s decision whether the institutions continue to be supplied with emergency loans from the central bank depends.
According to the US bank JP Morgan is the Greek banks in about three months out of money. If the population continues to pull deposits of approximately two billion Euros per week, the financial institutions are likely in 14 weeks, no more collateral for new loans
Schäuble. Not clear what Athens plans
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Before the ministerial meeting in Brussels, German Finance Minister Wolfgang Schaeuble said he was not the only one who was not clear what the new left-right government in Athens really wanted , “The Greek government has apparently not moving at all.”
Also, a four-on-one meeting between Euro group chief Dijsselbloem and the Greek Finance Minister Giani Varoufakis had been any concrete results. The climate was bad, it was called from circles of Athens government.
background of the debt dispute are the plans of Tsipras government to end its opinion, anti-social austerity policies in the country. At the same time, it is certain that it is reliant on new billions in aid of the Euro-partners.
Source: n-tv.de
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