Euro group chief Jeroen Dijsselbloem: “It is still very difficult” .
The euro zone finance ministers have failed to agree on additional aid for Greece at their meeting on Saturday to achieve. They adjourned their session. The discussions of finance ministers will now be continued by 11 clock in the morning – a few hours before the scheduled for 16 clock Summit of Heads of State and Government. “It is still very difficult,” said Euro group chief Jeroen Dijsselbloem. But at work there is progress. “We had an in-depth debate on the Greek proposals.” He added: “. The issue of credibility and trust was discussed”
Many states lack loud Dijsselbloem the belief that the government of Greek Prime Minister Alexis Tsipras will really implement the promised reforms. One wonders if the Greek government could be trusted to do what they promise, he said. “A clear majority is against it to open negotiations for a third aid package based on the Greek proposal,” it said, according to the Reuters news agency in participating districts. German Finance Minister Wolfgang Schaeuble said before the meeting: “We are certainly can not rely on promises us.”
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Several euro countries demanding guarantees from Greece, including a clear timetable for the implementation of laws. It was also criticized in the euro group, that the government had largely adopted the requirements of the international institutions in Athens. These were but only for a four-month extension of the second aid package to November. Now it is about a much more fundamental program over three years, it said. A particularly tough stance took Finland, whose finance minister Alexander Stubb signaled early on that there would be no recommendation for entry into ESM negotiations on Saturday. The participated in Helsinki in the government coalition party “True Finns” is vehemently against new aid for Greece. EU Monetary Affairs Commissioner Pierre Moscovici nevertheless expressed confidence that it would not come to an agreement: “I always hope,” he said after the Euro Group meeting
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For discussions provided a position paper by Schäuble. He judges in the document for information of the FAS, the proposals Athens could “not be the basis for a completely new, three-year ESM program”. It lacked “centrally important areas of reform to modernize the country and to promote economic growth and sustainable development over the long term”. Instead remained two ways Schäuble’s view. So Greece should improve its proposals either quickly and comprehensively with the full support of Parliament. Greece should transfer assets in the amount of EUR 50 billion to a trust fund, which they sell and therefore ablation debt. The second way negotiations with Athens would be called a “time out”. The country should leave after this variant, the euro zone for at least five years and restructure its debt. It remains EU and get more “growth-enhancing, humanitarian and technical assistance”.
In the ranks of the SPD there was the paper initially contradictory information. The Bundestag deputy Johannes Kahrs wrote on Twitter: “Schäuble has not denied his Grexit on time with the SPD.” The deputy leader of the party, Hubertus Heil, announced: “Schäuble plays wrong. His Grexit plan does not have the support of the SPD. “Party leader Sigmar Gabriel signaled, however, to draw a agreement on the proposal into consideration. The paper was the SPD “of course known,” Gabriel wrote in a Facebook post. “In such a difficult situation, every possible proposal needs to be examined impartially.” This “would only be realized if the Greek government would keep to himself for a better alternative”.
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