Wednesday, April 1, 2015

Chaostag in Greece – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Does soon the lights out on the Acropolis? At least the debt to the IMF wants the country only pay secondary.
     

 
                                              

 
 
     
     
     
         
         
                                                             

Greek government has publicly disagreed about how long it can fulfill its international obligations and wants. On Friday, an interview was published in the Interior Minister Nikos Voutzis is threatening not to pay a loan installment on 9 April – but only a few hours later contradicted other government agencies

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Voutzis had the International Monetary Fund (IMF) threatened in the “mirror” in order to move a soon upcoming transfer of 450 million euros, if no money flowed from the rescue program of the international creditors until 9 April. According to IMF statutes such payments can not be deferred. It also never came to such a breach of the Articles of the IMF.


                         
         
         
                                                             

“When to 9 April flows no money, we will first determine the salaries, pensions pay here in Greece and then ask our partners abroad to consent and understand that we can not pay 450 million euros to the IMF on time will, “said Voutzis to the mirror. The shift should be done in consultation so that they will not be counted as a default.


                         
         
         
                                                             

opposition from the government

But it others do not want to know: The Greek government spokesman Gabriel Sakellaridis now told Greek media: “In no way Greece will not meet its obligations to the IMF on 9 April. “The news agency dpa spoke against an employee of the Deputy Finance Minister Dimitris Mardas on the phone. He said that the money was there. “We will pay on time,” he said.


                         
         
         
                                                             

In the past few weeks, Greek Prime members had repeatedly expressed contradictory. A prominent case was a meeting of euro finance ministers on the Greek Finance Minister Yannis Varoufakis agreed to a settlement, but after the end of the meeting was opposition from Athens. Also vary in recent weeks, the government statement on an agreement between confidence and fear of the end of the money.


                         
         
         
                                                             

The money goes only until mid-April

The money still goes according to Interior Minister Nikos Voutzis to mid-April. The first tranche of seven billion euros, which are enshrined in the current extended pilot program that could flow no earlier than the end of May, so Voutzis. There are other pots should flow back money: “We wish to continue the 1.2 billion euros from the European rescue fund EFSF that we have inadvertently transferred,” Voutzis said. “We want the 1.9 billion euros from the bank rescue fund to be held back for months.” The money comes from the profits of the bond purchase program SMP of the European Central Bank (ECB). “And then you would like to Greece at least a minimum participation of the funds from the QE program by Mario Draghi.”


                         
         
         
                                                             On the other hand

Optimism spread Economy Minister Giorgos Stathakis. He anticipated in the negotiations with the international lenders on the expected grants a speedy agreement. “I think it is certain that we will conclude next week,” he said. On the eve of Prime Minister Alexis Tsipras had at a special meeting called on his responsibility for finance ministers to intensify cooperation with the inspectors of donors. As the Greek press reported unanimously criticized the experts of the lenders that many ministries for weeks show no willingness to cooperate and provide any facts.


                         
         
         
                                                             

Positive consequences of Grexit?

If it proves an agreement and Greece leave the euro, will have even positive consequences, on the other hand is a major investor Warren Buffett. “Should it come to this, that the Greeks off, that would possibly not be a bad thing for the euro,” he said in an interview with CNBC. If everyone learn that rules have meaning and members come to an agreement on fiscal policy, which would be positive. Greece’s efforts to find a new partner in Russia, launched in Brussels under its rejection. The European Commission responded cautiously to the announcement by Premier Tsipras to seek closer cooperation with Moscow. “It is clear that Russia is not an option for Greece,” said EU Monetary Affairs Commissioner Pierre Moscovici.


                         
         
         
                                                                                   

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The dispute over the financial future of Greece might Frankfurt airport operator Fraport ruin an already safely presumed lost business. Although the Greek government struggles no longer fundamentally against further privatization. However, some standing close to completion sales of state assets to be renegotiated. Among them is the concession for the operation of Fraport 14 Greek regional airports over 40 years.


                         
         
         
                                                                                                                                                                                                                                                          

More about

There will be a discussion with the consortium on the participation of the state as well as the length of the lease, Minister for Economics Stathakis on Wednesday on Greek television. Fraport had together with a Greek partner operators receive concessions for regional airports in November 2014 – including the airport in Thessaloniki, Crete and Rhodes. The total purchase price was at that time an information to 1.2 billion euros. The final contract was originally to be signed later this year.


                                 

 
  
 
 
 
                       

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Chaostag in Greece

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How long does Greece’s money yet? Since the government itself is not unanimous. A minister says his next loan installment Athens could no longer pay – even contradicts the next official.

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