EU Parliament President Martin Schulz: “The willingness of the Greek government must be better”
Greece is in the words of European Parliament President Martin Schulz because of short-term payment dates financially on the edge. The financial situation of the country “is dangerous,” Schulz said Thursday the Germany radio: “In the short term it is so that two to three billion are needed to … maintain its current obligations,” added the social democratic politician
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The time is running out, he warned. The country had until the end of the month to meet other payments, Greek banks needed money, the possibilities of the national central bank to the money supply were nearly exhausted. “So it would be good to Greece would finally break the commitments it has made to meet – then again flows of money,” asked Schulz. He heard with concern that the discussions of international institutions – the former Troika – slow running with the Greek government. “The willingness of the Greek government simply has to be better,” he demanded.
Troika complains of lack of cooperation
At the edge of the EU summit will meet today a high-level panel with Chancellor Angela Merkel and ECB President Mario Draghi with Prime Minister Alexis Tsipras to find a way out of the difficult financial situation of the to find the country.
But shortly before the meeting, the relations between Greece and its creditors have reached a new low. The talks between the government and international donors on further cooperation, have failed. Political circles in Athens confirmed a message to the “Handelsblatt”.
According to the newspaper, representatives of the European Commission, ECB and IMF complained after a telephone switching with the Greek Ministry of Finance of noncooperation.
IMF Staff: Greece is the most difficult IMF-client
Staff of the IMF complained that the IMF had never encountered in its 70-year history of a country with which the negotiations as difficult as designed with Greece. The IMF team described the attitude of Greece to its creditors as unacceptable, it said.
The Troika had been “shown the door,” it said in Brussels. The government in Athens have adopted new government spending without consultation and therefore contrary to agreements. This is a chance to meet the requirements of the current aid program to the end of April, only slight. The Greek parliament approved a 200 million euro expensive utility for the needy population on Wednesday. In addition, the new Greek government announced that it would increase the monthly minimum wage until the summer of next year in two stages.
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At the same time acknowledged the Greek Government an urgent need for the EU further assistance. Greece needs the support of the European partners to avoid a cash shortage, the Deputy Prime Minister Giannis Dragasakis said on Greek television.
Greece did not receive a credit tranche of the utility of the euro partners and the IMF more since August. The State but met all financial obligations during this period. “It has its limits.” That’s why Greece has a liquidity problem.
The cash-strapped country needs on Friday another rate over 350 million euros a loan from the IMF pay. Further payments are at the end of March. At the same time tax revenues have fallen well below forecasts.
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