Saturday, June 20, 2015

Varoufakis: “Merkel is facing critical choice” – tagesschau.de

Date: 06/21/2015 01:16 clock

Chancellor Merkel is a “honorable agreement” with Greece aiming – at least thinks Finance Varoufakis. Finally, only his government could give the Greeks reforms. On Monday there is again a special summit on the issue.

Before the EU summit on the Greek crisis on Monday Athens Finance Minister Yannis Varoufakis sees according to his own words, German Chancellor Angela Merkel in the duty. You stand at the summit “before a crucial election,” he wrote in an article for the “Frankfurter Allgemeine Sonntagszeitung”. Merkel can achieve “an honorable agreement” with a government that “seeks a negotiated settlement,” or “the only Greek Government overboard” throw, “that is principled and can bring the Greek people to the path of reform”.

“Now everything depends on the extraordinary EU summit on Monday,” Varoufakis writing. On Monday, the EU leaders

meeting in Brussels to an unscheduled summit to discuss the situation. He was ready to further compromises, should Merkel a clear characters emit. Greece will continue to make compromises, “as long as we are not asked to do what previous governments did – new debt to accept under conditions that offer little hope that Greece can pay back its debts,” Varoufakis wrote. He did not give details of a compromise offer

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Schulz warns Greek government

EU Parliament President Martin Schulz warned the Greek government in the newspaper of a break with the euro zone in the assumption then obtain aid from the EU budget. “What does not work: leaving the euro, unable to repay its debts, but expected that the funds continue to flow merrily from the EU budget”, the SPD politician told the newspaper

Greece negotiated for months with its international lenders on the terms for payment of outstanding grants of 7.2 billion euros. Controversy exists mainly on demanded by creditors cuts in pensions and an increase in VAT. If there is no agreement with creditors in the coming days, Greece threaten bankruptcy and possibly a withdrawal from the euro zone

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New call Tsipras-Juncker ?

Actually, even on Saturday should be a phone call between the EU Commission chief Jean-Claude Juncker and Greek Prime Minister Alexis Tsipras bring progress. “I expect that there will be a conversation. But it was not yet initiated,” said the Greek Minister Alekos Flabouraris.

According to him, are Greece and the creditor group EU, ECB and IMF no longer far apart. Ultimately, it only to savings of 450 million euros that required the donors to disburse the aid money locked for months in the amount of 7.2 billion euros in return, said the Tsipras confidante. To this end, but there was no confirmation on the part of creditors.



report on new Brussels roadmap for Athens

The European Commission notified the Government in Athens, according to “FAS” as early as Thursday another roadmap to agreement on a program of reforms. In Brussels, it said only, that day no proposal had been made – a general denial remained from

key demands of the authorities in Brussels were according to the report annual savings or additional revenues Athens in. amounting to 2.5 percent of economic output – these are 4.5 billion euros. Each one percent (1.8 billion euros) must be provided by structural reforms in the pension system and by higher VAT revenues.

The schedule of the Commission provides that Greece in the coming week the vertices the creditors take over and she lay with credible reform commitments, reports the “FAS” on. After that, it should bring the reforms through parliament. Until mid-July to decide according to the Commission it is the euro States, in five cases the parliaments, including the Bundestag:. On the disbursement of 3.7 billion euros from the current program, via its extension until at least September and an increase in funding

This subject reported Tagesschau on June 20, 2015 at 12:50 clock.

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