Forgiving: Greek Prime Minister Tsipiras (left) and Commission President Juncker at opening of EU-Latin America summit in Brussels
New attempt to defuse the dramatic Greek debt crisis: German Chancellor Angela Merkel has agreed on Wednesday evening in Brussels with Greek Prime Minister Alexis Tsipras and with French President François Holland at a mini-summit , This was confirmed by a German government spokesman on the edge of the EU-Latin America conference in the Belgian capital. According to EU diplomats move could come in the ongoing debt dispute for months.
Officially the meeting with Merkel and Hollande Tsipras should be an “exchange of views” on the state of discussions with the institutions of the Greek government. Still negotiating EU Commission, European Central Bank (ECB) and International Monetary Fund (IMF) with Athens.
the end of June threatens Greece the state bankruptcy, if by that date no agreement on the disbursement of aid funds amounting to 7.2 billion euros will be achieved. The donors require Greece in return a binding reform program.
Even European Commission President Jean-Claude Juncker met in Brussels on Wednesday again with Tsipras. It had been a sort of “reconciliation meeting” after the two had clashed violently in recent days, diplomats reported. Possibly Athens was ready to accept that the primary surplus in the budget (excluding interest and principal payments) but should be at least one percent, as demanded by the lenders.
Merkel made clear once again: “We want to keep Greece in the euro area.” You go zoom with the attitude to things: “Where there’s a will, there’s a way”, said the Chancellor at the opening of the Latin America summit. “But the work must take place with the three institutions, and the time counts.”
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Previously, there had been loud dispute between the EU and Athens. While rumored in the Greek capital, Brussels had not yet responded to the reform proposals submitted on the previous day, the European Commission announced Wednesday noon, the Greek Government had been informed already on Tuesday on the objections.
Greece had submitted the previous day in Brussels a list of reform proposals, which was, however, referred to by the donors as insufficient. EU Monetary Affairs Commissioner Pierre Moscovici have Athens government managers informed on Tuesday about said the chief spokesman for the Commission, Margaritis Schinas, on Wednesday. The proposals were had not performed at the level of conversation, the chief Juncker authorities a week ago with Tsipras. Main issues are cuts in pensions and the budgetary targets for the Greek government.
Just before the mini-crisis summit in Brussels Athens got short fresh money on the capital market. As the debt agency PDMA announced on Wednesday, a total of 2.925 billion euros for 13 or 26 weeks could be added in the form of short-term government securities. Athens has it lent money because it needs to refinance 3.6 billion euros of debt on June 12.
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