Tuesday, April 7, 2015

Yanis Varousfakis in Washington: Cancellation of America – SPIEGEL ONLINE

Little time? At the end of the text’s a summary.


The US government urges Greece to improve cooperation with its partners in the euro zone. The government in Athens must negotiate with donors seriously and commit fully to them, said a staff member of the administration of Barack Obama. This message was Secretary of State for International Relations at the US Treasury Department, Nathan Sheets, clearly be delivered at a meeting with Greek Finance Minister Giani Varoufakis. Varoufakis had agreed in Washington that his country would fulfill all commitments made in return for grants awarded. After a meeting with the head of the International Monetary Fund (IMF), Christine Lagarde, he also asserted the willingness to reform his country.

Currently, creditors and the new government in Athens compete for the payment of the last installment debt of the expiring aid program in the amount of 7.2 billion euros. The donors have declared the submission of a sustainable approach to reform a condition for payment.

Already on Thursday are approximately 460 million euros due – money that the IMF has once lent to the heavily indebted country and that he now wants to have good time. The IMF and the countries of the Euro zone since 2010. Greece had granted loans of around 227 billion euros under two aid packages – more than 30 billion of which came from the IMF. Athens should not repay the loans, the country would officially broke.

Whether it is possible to prevent the impending bankruptcy of Greece, was last seen questionable. The Greek government itself had sown doubt about it – why Finance Minister Giani Varoufakis now had to travel to Washington to straighten the matter in a personal conversation with IMF chief Christine Lagarde.

In addition, Athens has again brought the debt dispute the controversial reparations on Germany into play. For crimes of the Nazi occupiers during World War II Berlin owe the Greek government nearly 280 billion euros

The Greek left-right -Regierung will investigate the causes of the ongoing sovereign debt crisis in the meantime to the bottom: A committee of the Greek Parliament to find out who is responsible for the debt crisis. The Parliament approved on Tuesday morning after several hours of debate a proposal to the Cabinet of Prime Minister Alexis Tsipras. After his words to be thrown to the events since 2009 “light”.

The investigations concerning the terms of the socialist government Georgios Papandreou (2009 to 2011), the non-party government Loukas Papademos (2011 to 2012) and the coalition government of Conservatives and Socialists (2012 to 2015) under Antonis Samaras.

The conservative opposition New Democracy party called the foray as a diversion. The party of the political center “The River” (The River) said that it would be better if Parliament were talking about why the country is not yet come out of the crisis.




Summary: The US government has asked Athens during a visit of the Greek Finance Minister Giani Varoufakis work more closely with international donors. The Greek parliament has set up a committee decided to investigate the causes of the debt crisis. The land is in a few days the bankruptcy.

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