Greece – No agreement of euro zone finance ministers – Discussions on … – Süddeutsche.de

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• The meeting of euro zone finance ministers has been postponed to Sunday with no result: The majority do not want to base the current reform list negotiations for a record third loan program.
• Federal Finance Minister Schaeuble said before, the meeting would be difficult.
• In Brussels and Berlin will discuss a position paper of the German finance minister that a “Grexit on time” into Game brings
• More about the Greek proposals -. here

. Daniel Brössler and Alexander Mühlauer , Brussels

Euro group to Greece crisis postponed to Sunday

The special meeting of finance ministers of the euro zone for Greece crisis has been postponed to Sunday. The 19 euro zone finance ministers have not taken any decision. The meeting was ended on Saturday evening and will continue on Sunday, the chairman of euro zone finance ministers Jeroen Dijsselbloem announced after the good nine hours of continuous negotiations. Several countries had expressed strong reservations against Greece austerity and reform proposals at the meeting

“We had discussions about credibility and trust – in addition to the fiscal Diskusisonen”., Dijsselbloem said. Detail has been debated over the Greek austerity and reform proposals. “It’s still very difficult,” said the Dutchman, and confirmed that the uncompleted calls in the euro group on Sunday morning (11.00 clock) to be continued.

Already first consultation round ends with no result

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What the Greek Government has proposed to reform, presented to the Euro finance ministers not as a basis to negotiate a new loan program. There was even a substantial majority of this opinion, learned the SZ from EU circles.

On Saturday afternoon, Greece Finance Euclid Tsakalotos and the remaining euro zone finance ministers had taken to the reform list to rate. It is the basis for negotiations on a new loan program. On Thursday, the Greek government had delivered the reform proposals on time

Schäuble:. Trust in “incomprehensible way” destroyed

Federal Finance Minister Wolfgang Schäuble had “exceptionally difficult negotiations” expected before the meeting. With that, he dampened the cautious optimism of the first could be read from the reactions of the institutions and other finance ministers. Schäuble pointed to the enormous funding gap that will make Greece by a three-year aid program. Confidence had been destroyed in “incomprehensible way” until the last few days.

Position Paper Schäuble

In Brussels and Berlin is at the moment a position paper of the Federal Ministry of Finance discussed. Thus, considering Schäuble, to negotiate with Greece on a temporary exit from the euro zone. This could be for “at least five years” necessary if the government in Athens its proposals do not “rapidly and extensively” Improve. According to the information from Brussels, however, according to the paper plays in the ongoing negotiations of the Minister of Finance not matter.

The position paper by Wolfgang Schäuble for Greek crisis. Click the image to enlarge it.

(Photo: SZ )

“moved closer”

The Commission, European Central Bank and the International Monetary Fund in honor of the first review before the meeting of the Euro Group, that the Greek government compared with previous offerings “moved closer to the proposals of the institutions” was. This applies as for the privatization, and partly in the fields of tax and pensions. The paper is the SZ before.

In some areas of the Greek proposal going well beyond the known claims of creditors addition, about the fight against tax evasion. In several areas more concrete Confessions from Athens are called for in the paper but. There still exists about the risk that the annual pension increases were not financially viable.

Gets Greece debt restructuring?

“3″

Your Forum How do you rate the new austerity program of the Greeks?

primary surplus, value added tax, military budget, pensions. On these points, Greece meets the creditors. If the lenders accept these proposals? your forum

EU diplomats attended the reform proposals by SZ information positively: With except about the energy market most demands are met, it said. . They prized the success of the meeting of finance ministers in the afternoon, however, at best, 50-50

Especially difficult is the debt issue, said EU diplomats the SZ : While Germany reject a haircut but did not want to scare the International Monetary Fund (IMF) – the calls for a haircut. EU diplomats pointed out that European Commission President Jean-Claude Juncker and IMF chief Christine Lagarde had talked about. The conversation nourishing the hope of a compromise which amounts to a debt restructuring. Lagarde think “politically” it said

debt crisis – What these eight economists for Greece request

A debt restructuring , also called debt restructuring, is an alternative to the haircut and works similarly. The maturities of the loans are far into the future. This reduces the debt burden due to inflation. Wolfgang Schäuble had said in the past week for the first time to try to negotiate with the Greek government on debt restructuring.

Greek parliament approves reform list

After hours of debate, the Greek Parliament at night on Saturday reform proposals approved by a clear majority. Athens can now use it as a basis for negotiations with the creditors the proposals. More to the debate here.