Friday, June 5, 2015

German professors for hard line against Athens – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Nor Greek flags in Athens sold against euro.
     

 
                                              

 
 
     
     
     
         
         
                                                             

German economic experts have warned the debt dispute with Greece before further concessions the federal government. The Greek Government to Prime Minister Alexis Tsipras will not also abide by newly agreed reform obligations, the president of the Center for European Economic Research (ZEW), Clemens Fuest, the “Bild” newspaper said. Therefore, Germany was by no means new loans awarded. About already contracted loans and the conditions, however, Berlin should be willing to negotiate.


                         
         
         
                                                             
                                 

The Chairman of the Expert Council on the Assessment of the macroeconomic situation, Christoph Schmidt, told the newspaper that a slackening of creditors as a whole would also harm the European integration as a transfer union in donor countries no wide acceptance could,

                         
         
         
                                                                                                                                                                                                                              

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The President, the economic research institute Ifo, Hans-Werner Sinn, reiterated demands for a withdrawal of Greece from the Euro zone. Only one exit and a devaluation of the currency could make the country back on its feet. Finally, Greece has received 325 billion euros of public funds by the international community, which have not helped. Unemployment is now more than twice as high as five years ago, when the utilities began.


                         
         
         
                                                             

Greece had received an extension of time for repayment of funds to the International Monetary Fund (IMF) on Thursday and will reject many claims that will make the EU countries, the IMF and the European Central Bank (ECB) as a condition of fresh money.

                         
         
         
                                                             

After months of stalemate in Greece funders wanted the debt dispute actually settle on Sunday as possible before the G-7 summit. A targeted for Friday summit meeting at the EU level, it will not yet be but now, according to EU sources. It will now be difficult. An agreement is a prerequisite for the disbursement of billions of aid to the bankrupt acutely threatened country.


                         
         
         
                                                             

German Chancellor Angela Merkel (CDU) had previously stated that negotiations were “by no means come to a full stop”. They assume that the IMF, ECB and EU Commission in any State would utmost persuasiveness together, Merkel said on Thursday in Meseberg. However, the United States insist that the Europeans solve the Greek financial crisis soon and thus avert threats to the world economy.


                         
         
         
                                                             

EU Commission chief Jean-Claude Juncker and the euro group chief Jeroen Dijsselbloem had sounded in the night of Thursday with Greek Prime Minister Alexis Tsipras compromise lines. The next opportunity for a summit meeting there, according to EU diplomats now again until the middle of next week.


                         
         
         
                                                                                   

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Greek Crisis

German professors of hardness compared to Athens

Dear the Grexit as new loans: German economic experts urge the federal government to a hard line against Greece. The next crisis summit will take place next week at the earliest – the G7 proceed.

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