Tourists at the Acropolis in Athens
Greece has concessions in the stalled talks for a solution to the debt dispute offered just before the start of euro zone finance ministers meeting in Riga. In an article published on Friday post for his blog asked Finance Minister Yanis Varoufakis a limit early retirement in sight. At the same time, he agreed to build an independent tax commission, the continuation of privatization, one addressing the risk of loans and promoting entrepreneurship ready. “The current misunderstandings with our partners are not insurmountable.” Varoufakis stressed, however, that there will not be additional wage and pension cuts.
The creditors insist that Greece meets the requirements of the current through June utility. The euro zone finance ministers to discuss the dispute on Friday in Riga, Latvia. An agreement of the euro-partner with the government in Athens on the release of blocked by the donors billion aid is not expected. The recent reform proposals of the left-right coalition in the debt-ridden country have not been approved by the European Commission, the International Monetary Fund (IMF) and the European Central Bank (ECB). Therefore, only an interim report of these three institutions is expected.
The reform list is a precondition for the disbursement of Greece urgently needed 7.2 billion euros. She was originally supposed to be available by the end of April. An agreement is aimed at the end of June at the latest. How long is the twice extended utility. Greece desperately needs money to repay other loans. On the edge of the EU Special Summit on the refugee issue in Brussels came Chancellor Angela Merkel, together with the Greek Prime Minister Alexis Tsipras. The CDU politician told of a “constructive dialogue”. At the risk of a Greek default addressed Merkel said: “Everything must be done to prevent that.” Details of the meeting, they did not call. Furthermore confidentiality had been agreed.
French President François Hollande also spoke on the sidelines of the summit with Tsipras. He said after the meeting: “Greece must continue to work to provide the necessary information, and show that it makes decisions on reforms.” The general aim was to enable the Euro Group staff, a decision on how to proceed to . meet Government sources in Athens was reported, the meeting between Merkel and Tsipras had “taken place in a constructive and positive climate”. During the discussion were “positive steps have been registered, which have been made since their meeting in Berlin today.”
Greek media reported unanimously Merkel had Tsipras said, a “catastrophic failure” should be avoided. It stressed, Athens had therefore to accelerate the reforms promised land. Tsipras replied, Athens had already put into the action what it had promised. Now the “partner off” are. These reforms actions include savings, the fight against tax evasion and privatization of airports and ports.
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Greece’s financial situation is very tense. The government forced adoption by all state institutions and public companies to transfer their deposits at the central bank. This overdue debts to the IMF and other commitments in the coming weeks will be paid. The meeting of the 19 euro zone finance ministers is first of a two-day conference, then the department heads of the other EU states and the central bank governors are expected to attend. You want to discuss, among other things, the planned European Union capital market. Make it easier for SMEs to come on the capital market to raise funds. Theme is the struggle against shifting profits of companies. This, however, no decisions are expected.
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