Find EU and Greece still a way out of the crisis? Or is it already too late? In Greece, the pressure on the government is growing. . All the information in the news ticker
- Athens running out of money – but an agreement seems in sight .
- In the coming months, massive debt repayments are on
The facts:. The negotiations the Greek Government with the European donors dressed. But time is pressing. Without binding commitments under the reform blocked emergency loans amounting to 7.2 billion euros can not flow. The funds in Athens are empty, on 6 June are repayments of 1.55 billion euros to the IMF on. The state of negotiations, there is contradictory information. Donors negotiated on Monday on a compromise. Even in Athens is wild advised. You have finally submitted to donors in on Monday night the complete reform plan, Tsipras said
Government circles. Tsipras meets Juncker in Brussels on Wednesday
02.13 clock : In the pursuit of further financial assistance to be bankrupt country threatened the Greek Prime Minister Alexis Tsipras will meet European Commission President Jean-Claude Juncker in Brussels on Wednesday evening, according to government sources. In his luggage did Tsipras then the Greek reform plan in exchange for more aid from the EU and International Monetary Fund (IMF), it was reported on Tuesday evening from government circles in Athens. Tsipras had called the reform plan on Tuesday as a comprehensive and “realistic”.
Athens is negotiating with its international lenders for months about the conditions should be to those asked in view financial aid of 7.2 billion euros paid. The recent reform proposals of Athens presented the donors not satisfied. Controversy exists about the required increase in VAT and the pension reform. Now time is running out, because the utility will expire end of the month and Athens has to pay several mortgage payments to the IMF.
Given the deadlocked situation had on Monday evening a bit round in the Federal Chancellery looked for solutions. Originally as a participant Juncker and French President Francois Hollande were announced. But surprisingly came the IMF chief Christine Lagarde and the President of the European Central Bank (ECB), Mario Draghi, added. According to media reports, the round drew up a “last resort offer” to Greece.
The two sides had agreed that “now continue working with great intensity” would, the Chancellor’s Office said after the meeting. EU Economic Affairs Commissioner Pierre Moscovici said on Tuesday there had been “serious progress” at the meeting. To come to an agreement, but was still “some way to go”.
Prime Minister Tsipras visited Juncker unscheduled
Wednesday 03 June 01.03 clock. Greek Prime Minister Alexis Tsipras wants unscheduled travel on Wednesday to Brussels to negotiate there with EU Commission chief Jean-Claude Juncker. This was announced by the Ministry in Greece. The decision was late taken in the evening after a several-hour crisis meeting with Tsipras
Left MPs room. Tsipras wants no pensions and wages cut back
19.12 clock: In the tug of war with the financiers, the Greek government is not willing to cuts in pensions and wages. Reported the parliamentary leader of the Left in the European Parliament, Gabi Zimmer, on Tuesday after a meeting with Greek Prime Minister Alexis Tsipras in Athens. This was communicated to the donors a comprehensive plan on Monday.
This 45-page reform list reflects the attitude of the Greek Government contrary, “to be realistic in order to facilitate solutions, but not to exceed basic lines,” said rooms. “These include the refusal to call for cuts in pensions and wages as well as an intervention in the free collective bargaining by the other party to accept.” The crux of the matter seems now to be, whether it will come to an agreement with the International Monetary Fund (IMF), said room.
The International Monetary Fund sits with the European Central Bank and the European Commission in the negotiations on a Greek package of reforms on the part of donors. The IMF advocated previously in some respects hard positions. Without agreement on reforms blocked aid of 7.2 billion euros can not flow.
Euro Finance Secretaries consult again about Greece
18.42 Clock: want the State Secretaries of 19 ministries of finance of the euro countries on Wednesday at a teleconference consult again about Greece. This is about an inventory of the current negotiations for a package of reforms, was reported on Tuesday in Brussels. Representatives of the donors had previously made coincident clear that to reach an agreement even obstacles have to be overcome, such as the pension reforms in Greece.
The State Secretaries will prepare in her lap (“Euro Group Working Group”) on a regular basis before the meeting of their ministers. A special meeting of the Euro Group to Greece is not planned at present. The next regular meeting of the department heads is scheduled for 18 June in Luxembourg. Only the Euro Group can release much needed billions in aid to the crisis country.
Euro group chief Dijsselbloem: No more quickly deal with Greece
18.41 Clock: A rapid agreement of donors with Greece still in This week is not expected of the chairman of the Euro Group, Jeroen Dijsselbloem opinion. That until Friday for 300 million euros will be transferred, “is practically and theoretically impossible,” Dutch finance minister said on Tuesday in The Hague in an interview with Dutch television channel RTL. “It made progress, but it’s really not enough.”
Also Concessions of donors could not expect the Greek government. “We will not get them halfway towards” Dijsselbloem said. Athens must meet the conditions and comply with plans for a balanced budget and an economic recovery.
“There are now signals from Greece, that they are willing to reputable steps,” said the Euro group chief. The Greek Government must however realize that they have “perhaps with too many promises,” won the elections and also “honest voters” report.
Dijsselbloem also warned of a Greek exit from the euro zone. “That’s not in the interests of Greece and of Europe.” In’m often judged too lightly, he warned.
EU Parliament President Schulz provides humanitarian aid to Greece in view
15.35 Clock: EU Parliament President Martin Schulz has Greece humanitarian aid to cope with the consequences of his economic – and financial crisis in prospect. “They come, the humanitarian crisis and you have to meet immediately”, the SPD politician said in an interview with the “Bild” newspaper. This does not go so Schulz, “by obfuscating additional aid money, the people in Greece have the right to live in dignity..” The SPD politician, however, added: “It would be easier for us to help all these people immediately, . if the Greek government would fulfill its commitments and reform plans “
Schulz told the” Bild “newspaper continues:” Unfortunately, we see there has not yet what have presented many in Greece, but just. It is clear that the poorest in Greece have barely room to breathe and therefore you have to work harder to ensure that the Greek economy is growing again, new jobs and thus new hope arise “. The EU Parliament president stressed in an interview: “You can not just cut and cut until people are finally on the ground pensions.”
Athens creditors submitted complete reform plan
11.38 Clock: In the dispute over the solution of the Greek debt crisis, the government in Athens has submitted claims to the international lenders a comprehensive reform plan. “Last night was a complete plan received”, Prime Minister Alexis Tsipras said on Tuesday the Ministry of Education in Athens. There were “realistic” proposals to bring the country out of the economic and social crisis. Tsipras called no details, but spoke of “concessions that will be difficult”.
On Monday evening in Berlin had Chancellor Angela Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker with the tips of International Monetary Fund and European Central Bank met to discuss further aid for Greece (ECB). At the meeting with the IMF chief Christine Lagarde and ECB President Mario Draghi went according to the Chancellor’s Office to “the current state” of talks with Athens.
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