he caved? Greek Prime Minister Alexis Tsipras (l.) And a government spokesman in Athens
Two and a half hours before the deadline, the Greek Government presented its reform proposals in Brussels and the ball thus passed on to the euro zone finance ministers. On Thursday evening at 21.30 clock, the list was received by Euro group chief Jeroen Dijsselbloem as its spokesman said. Whether the proposals for a third aid package sufficient to assess the lender now.
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On its website writes the British newspaper Guardian that Athens before the claims of creditors “surrenders” have and harsh austerity accept. – in return for a modest reduction in debt. In order to obtain an additional 50 billion euros of lenders, safe to Athens, the state budget by more revenue and less expenditure in order to relieve a total of 13 billion euros. The Greek cabinet had accepted the reform measures. There have come to see as the Guardian, “that it has no choice but to meet almost all requirements of the lender”.
Hardly any early retirement
For exact content of the austerity program, there are beyond the Guardian’s report barely messages. The news agency DPA reports but also that reportedly amounted the budget impact of the Greek austerity program on ten to twelve billion euros. Thus, the VAT for hotels is expected to increase from 6.5 to 13 percent and in the catering sector from 13 to 23 percent. In addition, the possibility of early retirement should be almost completely abolished. For all that, there is no official confirmation.
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In any case, the hope for a speedy defuse the debt crisis by the timely submission initially remains alive. If the lenders agree, she should grant a bridging loan or equal to a new tool. In July alone, Athens has its creditors to repay 4.2 billion euros, with no new loans, it should quickly come (“Grexit”) to state bankruptcy, and perhaps to withdraw from the monetary union.
The Greek parliament in Athens could media reports advise on Friday over the austerity program and instruct Treasury Euclid Tsakalotos fast track to sign the necessary contracts for the agreement with creditors. The final approval of the austerity program should take place at a later date. Prime Minister Alexis Tsipras wants to free the deputies of his leftist alliance Syriza from party discipline and secure a majority in doubt with the help of opposition votes to avoid a government break.
Berlin rejects “classical haircut” categorically
On the other hand have to be evaluated by experts of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), the proposals from Athens , On Saturday the euro zone finance ministers at a meeting in Brussels would agree, then on Sunday the government.
In anticipation of the Athens summit reform list Chef Donald Tusk had let know in advance: “The realistic proposal from Greece to an equally realistic proposal of creditors correspond to debt sustainability. Only then will we have a win-win situation. “
Diplomats in Brussels made it clear that Greece must now meet tougher conditions provided as yet formulated in the end of June compromise proposal by the EU institutions. Even this design had but rejected by a majority in a referendum to the Greek. The IMF advocates still for a debt restructuring, a classic haircut reject authoritative euro countries like Germany so far but categorically.
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