Meeting of the Euro Group – Greek bill – Süddeutsche.de

• The left-led government in Athens is negotiating for months with the euro countries and the International Monetary Fund (IMF) on further financial support – a total of EUR 7.2 billion are still available
• . Euro group calls “detailed proposals” to reform and austerity measures from Athens.
• In spite of its financial difficulties Athens initiated on Monday the timely transfer of repayment of more than EUR 750 million to the IMF in the way.
• Previously there had been discussions about a possible Greek referendum on continued in the euro zone.
• In Schäuble of Vroschlag met with sympathy, Dijsselbloem said it does not make sense to hold a referendum before reforms are not

would be implemented by Cerstin Gammelin

The financial reserves of the bankrupt threatened Greece is coming to an end. The country has only “a few weeks” until it came to financial shortages, said the Greek Finance Minister Yanis Varoufakis on Monday night after a meeting of euro zone finance ministers in Brussels. This confirmed that the country “progress” demanded in the negotiations on the further financial support but more speed. The liquidity position of Athens was “a terribly urgent problem,” Varoufakis said. “Everybody knows, we’re not talking about the bush.” Greece trying to find with international donors a “common denominator”. This is “not easy”, but in recent weeks there had a been “significant rapprochement”.

The left-led government in Athens is negotiating with the euro countries and the International Monetary Fund (IMF) for months on further financial support – a total of EUR 7.2 billion are still available. Therefore Greece must submit a coordinated with the institutions of the donors list of reforms. The euro zone finance ministers demanded that Athens more efforts “to fill the gaps at the open issues to be bridged”. From Greece now would “detailed proposals” expected, so that the institutions could calculate on its basis, whether the proposed reform and austerity measures were sufficient, said Euro group chief Jeroen Dijsselbloem. There there was “still a lot of work to do”

negotiations in Brussels – Therefore, the hook-Greece talks

The statement of Minister of Finance also stated that Euro group will decide only about the “possible payout of funds” from the run until the end of June utility when the institutions have reached an agreement at the expert level. Dijsselbloem thought it possible that payments could be made in installments according to the progress part: “It could be that we divide the remaining implementation process and make disbursements to follow in parts.” The Greek government had of the meeting “a positive statement” hoped according to reports from Athens, which makes it possible to receive a portion of remaining in the current support program for Greece billion.

Timely payment to the IMF

On the other hand, is Greece that the European Central Bank (ECB) the allowable ceiling for short-term government bonds (T-bills) raises so that Athens remains liquid. Dijsselbloem commented that Euro group could not prescribe the ECB, what they should do. Also Varoufakis conceded that the central bank could receive from the euro group “no orders”. Despite its financial woes led Athens on Monday the timely transfer of repayment of more than EUR 750 million to the IMF in the way. The next payment to the IMF is on June 5. Between June and August Athens has to repay 11.5 billion euros from the IMF and the ECB, which is likely to be to lift without help from the outside barely.

On skepticism met German Finance Minister Wolfgang Schäuble and his sympathy for a reform referendum in Greece. Dijsselbloem warned that such a vote could be the implementation of reforms and the transfer of financial assistance to Greece delayed. According Varoufakis his government plans anyway no such referendum. Before the deliberations Schäuble had called the possibility of a referendum “maybe even a correct measure, decide to leave the Greek people”.

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Four years ago, the then Prime Minister Georgos Papandreou had met with his proposal for a referendum on the euro partners and resistance from German Chancellor Angela Merkel. Back then there was unlike today completed a negotiated reform package. Whether the Greek Prime Minister Alexis Tsipras will allow his people to vote on a reform package finally negotiated, depends on the further course of the discussions with the lenders. Tsipras has hinted his sympathies for several times.

no breakthrough at the meeting of euro zone finance ministers

Dijsselbloem said it does not make sense to hold a referendum before reforms were not implemented. As some of the actions – for example in labor law and in pensions – in Greece are highly controversial, Prime Minister Alexis Tsipras had brought a referendum into play even late April. Deputy Prime Minister Giannis Dragasakis told the Greek newspaper Vima on Sunday that the option to hold a referendum, “in the minds exists in the event that talks with the lenders lead to a dead end”.

According to a survey of the magazine Real News According to that published on Sunday, 71.9 assist the Greek population a compromise to keep the euro. And even if the question would be put to the vote if they accepted this new cuts in pensions and wages, still 49.2 percent voted to remain in the euro zone.

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A breakthrough in the debt dispute is not reached, the euro zone finance ministers at their meeting. As examples of the country’s progress called EU Monetary Affairs Commissioner Pierre Moscovici that Greece reform the rules on the collection of VAT and wanted to create an independent control authority. In addition, there is progress in the strategy should be how to deal with delinquent loans. In the Declaration, the resolutions of the Euro Group were highlighted on 20 February as the basis for an agreement. At that time it was agreed that the institutions of the EU Commission, ECB and IMF assess the reform proposals of Greece before the euro zone finance ministers decide on a release of aid funds.