The miracle failed to materialize, although several euro zone finance ministers had wished for and the Slovak Finance Minister Peter Kazimir even said, “I’m Catholic, so I believe in miracles.” The skeptics were right, the Euro Group is not a step come in solving the problem persist further. Long
One hour, the euro zone finance ministers have spoken then but for the first shifted to the last digit agenda item Greece. The Greek Finance Minister Giani Varoufakis had announced that he would submit a new proposal, the “along the red lines” to’ll replace “expensive conflict” with an “effective consensus”.
Five pages long is the list have been, but it has convinced neither the other finance ministers still the European Commission, European Central Bank (ECB) or the International Monetary Fund (IMF).
Tusk calls Euro summit for next Monday a
So the euro zone staggers toward a Greek state bankruptcy, according to the motto of the Irish Minister for Finance “No deal is better than a bad deal”. Now, only the leaders of the euro zone are trying to find a solution. For the next Monday the President of the European Council, Donald Tusk, the 19 top politicians invited to Brussels to find a solution before the regular EU summit.
Euro group chief Jeroen Dijsselbloem and EU Economic Affairs Commissioner Pierre Moscovici were visibly endeavored not to paint too black the situation and chose diplomatic words. It still lacks a credible proposal by the Greek side, the time is running out, but not an agreement is possible.
It was not until he is asked about Greek media reports, is where thrown to the creditors to insist on severe cuts at the expense of the poor in Greece, European Commissioner Moscovici is clearly agitated: “What have submitted institutions , is temperate, but reasonable, “he said. “We know that the poor must be helped and will have to be spent on social programs money.” Only the Greek side have made no suggestion, as she wants to take the necessary money. All stressed repeatedly: We want the remains Greece part of the euro area
It was IMF chief Christine Lagarde, who revealed how the atmosphere really is. “We must find a solution through dialogue and to do it. only with adults. “
Varoufakis gives his own press conference
The one who was the this censure, gave shortly after his own press conference in front of about 100 journalists. The Greek finance minister pointed to the disastrous situation in his country: the economy enormously on the ground, unemployment, debt, poverty and hunger are intolerable everyday. “Greece needs reforms, but not further cuts,” Varoufakis said.
His reform plan envisages a range of measures: development of an independent control authority, reorganization of the pension system, administrative reform, liberalization of various sectors, anti-corruption, facilitation for entrepreneurs and an automatic debt brake. All reasonable and good ideas, like themselves say EU diplomats. But they are no closer to the claims of creditors, without which there will be no agreement.
The ball, this phrase has repeated almost all representatives of the institutions on several occasions, is located in the Greek field.
I am thinking of a success
Since the last meeting of EU Commission President Jean-Claude Juncker with the Greek President Alexis Tsipras and the euro group chief Dijsselbloem has apparently only one change: Deadline June 30 has moved much closer and therefore a disorderly Greek default.
The Greek finance minister warned his Euro Partners about to declare the negotiations in the debt dispute for failure: “We are dangerously close to an attitude that accepts an accident the” Varoufakis said. “I have my colleagues said that I do not accept such a way of thinking. I do not think a defeat but in the success.”
negotiation would have to but its Prime Minister Alexis Tsipras on Monday.
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