Trutzburg Athens: Government Tsipras holds Europe further down – n-tv.de NEWS

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 Wednesday, June 17, 2015

 
 
 

 
 When finance ministers meeting on Thursday there will probably be no solution to the debt dispute between Greece and its creditors. Euro group chief Dijsselbloem laments the Reformunwillen of Tsipras government. Germany and Austria continue to focus on reaching an agreement. The ECB gives the Greek banks air.
 

 
 

In the Greek debt dispute is not a quick fix for the bankrupt threatened the euro zone is emerging. EU High Representative screwed the expectations of a meeting of euro zone finance ministers on Thursday in Luxembourg significantly down because new austerity and reform proposals from Athens were missing. “The chance that we agree with Greece on Thursday, is very small,” said the head of the Euro Group, the Dutch Finance Minister Jeroen Dijsselbloem, in parliament in The Hague.

The crux lay not in the Greek debt burden, Dijsselbloem said. “It is about the willingness to take tough measures.” This included the reform of the Greek pension system.

The Greek chief negotiator Euclid Tsakalotos signaled scope for concessions. A reduction of pensions is unacceptable but he stressed. An agreement would be possible only if the agreement is sound and debt, finance and investment issues consider. “If there is, the Greek government will sign the agreement.”

The Greek Prime Minister Alexis Tsipras spoke evening with European Commission President Jean-Claude Juncker. This was reported from government circles in Athens. Officially nothing was known about the content of the telephone. Greek media speculated Juncker button on whether Athens was ready for a new round of negotiations with its creditors.

In the case turns on an austerity and reform program that is a prerequisite for the disbursement of blocked aids of 7, EUR 2 billion. On June 30, Athens has nearly 1.6 billion euros to the International Monetary Fund (IMF) to repay; there are doubts as to whether Greece is still able to.

Greek economy does not move

“The ball is in the Greek government field” summed EU Monetary Affairs Commissioner Pierre Moscovici. “We have only a little time left.” The tax revenues in Greece are broken into the first five months of the year. They remained reportedly around 1.7 billion euros short of expectations. Reason is, according to the Greek state radio that the economy virtually no longer move. The VAT revenue had dropped dramatically because many citizens restricted their spending as much as possible.

Austrian Chancellor Werner Faymann nevertheless holds a solution to the debt crisis possible. After talking with Tsipras in Athens he said what Athens needed, are no further cuts, but more investment. Overlooking the taxes he said, rich Greeks would have to pay their taxes and should not create abroad their money.

Tsipras wants to be not impose tough decisions from the outside. Only his government would decide on tough measures for a rescue program and the country’s future, he said after the meeting with Faymann. An early election concluded Tsipras explicitly made.

defense budget in focus

The German government continues to rely on an agreement. “The federal government wants a solution,” said chancellery minister Peter Altmaier after consultation of the Budget Committee of the Bundestag. “But that presupposes that the Greek Government for its part is working hard for such a solution.”

The charge for the Euro Deputy Commission President Valdis Dombrovskis pleaded as previously President Juncker for a reduction in defense spending: “Greece, in terms of economic performance, the second highest share of defense spending in the EU. ” Speculation about a special meeting of heads of state and government of the euro countries to the Greek crisis, possibly already this weekend, a senior diplomat said: “I know nothing about a summit.”

In view of the dramatically pointed location among Member States emergency scenarios such as a sovereign default, a Greek exit from the euro area or capital controls debated. Dombrovskis said that the Commission does not participate at such considerations.

ECB raises Ela emergency aid

Meanwhile, the European Central Bank (ECB) to Greek banks again increased financial flexibility granted. As a Greek bank official said the ECB approved the increase in the Notkreditrahmens for commercial banks by the central bank of the country to 84.1 billions of euros 83 billion.

may under the Emergency Lending Assistance Notkreditprogramm (Ela) the Greek central bank credit institutions of the country to borrow money. For these loans higher interest payable than for ECB loans. In addition, the credit risk remains in Greece. The Governing Council may, by a two-thirds majority to stop every week the emergency loans.

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Previously, from banking circles reportedly that worried Greeks fearing a ” Grexit “further withdraw from their accounts a lot of money. This week, the withdrawals had already reached 1.8 billion euros, said a bank official. Because of the growing uncertainty about the future of Greece in the euro area, the daily volume was recently increased steeply.

concern in London and Paris

Britain is bracing itself for a possible Greek exit from the euro zone. “We will take all measures to prepare and protect,” said a spokeswoman for Chancellor of the Exchequer George Osborne. Why are the “uncertain situation of the global economy and the growing risk” that Greece would be insolvent and might have to leave the monetary union.

The French Finance Minister Michel Sapin warned of “dire consequences” not only for Greece, but also “for the European project” should negotiations fail. It is on the Greek government to make suggestions and to show that it is ready to efforts, he said in the National Assembly. “We also need to take up responsibility,” Sapin added with a view to negotiating with Athens creditors.

  Source: n-tv.de
 

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