Debt dispute: Athens Home Secretary if necessary ready for the “Grexit” – THE WORLD

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if necessary ready for the “Grexit”

The Greek Government emphasizes, although their will to Athens Home Secretary an agreement with the creditors. But Interior Minister Voutsis before dashing and indicated a willingness to “Grexit” to. More in the Liveticker.

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 The Greek Government emphasizes, although their will to reach an agreement with the creditors. But Interior Minister Voutsis before dashing and indicated a willingness to “Grexit” to. More in the Liveticker.

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Before a potentially decisive meeting of the Euro Group to the Greek debt crisis, the mediation efforts continue to run at full speed. Austrian Chancellor Werner Faymann said Wednesday to Athens and campaigned there for an agreement between Athens and its creditors. The Greek central bank warned Prime Minister Alexis Tsipras strongly against a failure of the negotiations. Euro group chief Jeroen Dijsselbloem known to the goal of keeping Greece in the euro zone.

Faymann said after meeting with Tsipras, more “horizontal” budget cuts for Greece have no meaning and. Instead, this would require agreement by Greece’s budget and the labor market would not be further burdened. Prior to his visit Faymann had already said the country needs “a chance” to repay his debts. This could be given not only by Athens savings.

According to Athens Prime Minister Tsipras further pension cuts in Greece are not possible. He can not understand why the donors as it throbbed. There is no scope for further cuts without moving “at the core” of the pension system, and Europe will have to pay for this “incomprehensible definition” a “price,” he said. His government had come to meet the creditors in tax increases and pension reform as much as possible. Greece proposals covered the fiscal targets of the donors for the period 2015-2016 “full” from.

counter these allegations in turn defended the EU Commission. The recent proposals of the creditors were “perfectly reasonable”, said EU Economic Affairs Commissioner Pierre Moscovici in Brussels. The European Commission have been working “very hard” to it, to enable an agreement between Greece and its lenders, said Commission Vice-President Valdis Dombrovskis to. The donors were Athens also come a long way towards at the budgetary targets and have expectations for the primary surplus – the budget balance before interest payments and debt redemption -. Reduced from three to one per cent this year

The Greek Central Bank warned meanwhile strongly against a failure of the negotiations in the debt dispute between the government and international donors. This would be the beginning of a painful path which leads the clammy Mediterranean country into bankruptcy and out of the euro zone and probably also from the EU, they said on Wednesday. An agreement with the euro partners and the IMF is a historical necessity. Especially as a compromise on important matters had already been found and only a few issues need to be dispelled. The risk of insolvency needs to be avoided is a once and for all.

The central bank warned further that the economic downturn will accelerate in the second quarter well. In addition, the ongoing crisis have meant that until April 30 billion euros in deposits from Greek banks had been withdrawn by October.

Meanwhile, a significant majority of Germans for a withdrawal of Greece from the euro zone. After a survey published on Wednesday by the Institute YouGov would prefer 58 percent that the threatened with state bankruptcy country leaves the euro. 28 percent want to keep Greece in the euro. 14 percent have no opinion or did not specify. For probably hold 49 percent of an exit, 41 percent believe that this is unlikely.

Euro group chief Dijsselbloem contrast, reiterated the goal of wanting to keep Athens in the monetary union. His efforts continued to focus on it, “to keep in the euro area” Greece, Dijsselbloem said in The Hague. It was therefore “too early” to make a statement about a possible exit Athens out of the euro.

Greece argues with his money enter for weeks about as the way for short-term aid payments of € 7.2 billion can be cleared. So far there is still no consensus on the reforms, as required by the country for this. On Thursday advised the euro zone finance ministers on the issue, with most participants, however, still do not expect any decision.

 
  dpa / Reuters / AFP / MMA / dol / DFE

contingency plans for the Grexit Case

              Every day, the air is thin for Greece because the payday is getting closer. There is still no agreement. The EU is prepared with contingency plans on the Grexit before Source: N24

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