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- In Brussels, the heads of the euro countries continue to negotiate a solution to the debt crisis in Greece. Observers expect talks to in the morning.
- Premier Tsipras provides four core demands.
- The euro area countries have apparently adopted by the threat of a “Grexits on time”.
- The euro zone finance ministers call for a paper more reforms from Athens, which also must be approved by Wednesday.
No “Grexit on time” more
In the pursuit of new grants, the euro partners Greece waive initially on their threat of a temporary “Grexits”. The diplomats reported early Monday. In a paper of euro zone finance ministers had been mentioned from the fact that Greece would temporarily leave the euro zone if there is no agreement on an austerity and reform package succeed. A planned privatization fund had but continued talking, it said. . Athens is to transfer its assets to that trust fund so that it can sell them and thus help pay off debt
Merkel, Hollande and Tusk discussed again with Tsipras
Renewed crisis talk in small groups: Chancellor Angela Merkel, French President Francois Hollande and EU Council President Donald Tusk withdrew on the edge of the Euro Summit in Brussels a second time with the Greek Prime Minister Alexis Tsipras for consultations back.
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Tsipras’ demands
Greece Prime Minister Tsipras is at the meeting of Heads of State or Government of the euro area countries four key demands:.
- The German “Grexit-on-time” proposal would have on the table
- It is also expected by the new government Tsipras laws that were not matched with donors, not be undone.
- In addition, the Greek banks will be allowed to take bailouts of the European Central Bank (ECB) immediately in order that they return could open.
- In addition, he urges a clearer formulation for debt relief.
Greek crisis and the Great Divide
The drama of Greece plays no longer just in Athens and Brussels, but in Berlin and Paris, Rome and Helsinki. And a little also in the SPD. It provides deep cracks in Europe.
The receivables of euro area countries
The other euro countries are pushing Greece to the summit in Brussels to decide on concrete and far-reaching reforms in parliament by Wednesday. Only after negotiations on a new loan program could begin. Basis of the negotiations is a paper of euro zone finance ministers, after which Athens VAT, annuity, judicial and financial reforms to push through. In addition, Greece should its economy and liberalize the labor market even more.
displeasure in Athens
The new requirements already provoked resistance in the Athenian coalition. So wrote Greece’s Defense Minister Panos Kammenos from coalition partners Anel on Twitter: “It is now clear that they want to destroy us, it is enough..”
Former Greek Foreign Minister “The country is squeezed”
The former Greek Foreign Minister Dora Bakoyannis voted in parliament for Tsipras’ reform proposals. Warns you to let Greece fall.
Langer summit expected
In Brussels, a senior EU official counted on Sunday night with a very long meeting. After a first round of talks, the summit for bilateral consultations was interrupted. Around half past eleven clock at night was followed by a second break. More interruptions with discussions would follow, said the EU officials’. Everyone is working to avoid a Grexit “
Athens probably needs a lot more money
Greece needs over the next three years probably expect considerably more money than last. This is clear from the working document of the euro zone finance ministers on the heads of the euro countries. In the document the financing needs of Greece is estimated at 82bn to € 86 billion. In an earlier version 74 billion euros had been called. Only until the end of August to Athens will need 19 billion euros. The recapitalization of Greek banks strapped to require additional up to 25 billion euros.
Merkel warns the optimists emphasized
Before the meeting, the heads of the euro countries in Brussels Chancellor Angela Merkel gave cautious: The main currency – the trust – had been lost, said the CDU leader. There would be no agreement at any cost. Now it is mainly due to Merkel to whether a new loan program for Greece can be launched at this summit – or the country from Grexit is -. Leaving the euro zone
anger at Schäuble’s “Grexit-on-time” idea
Finance Minister Wolfgang Schaeuble on Saturday brought in a position paper on a Grexit time into play. The coalition partner SPD then a heated debate arose. Internationally, the proposal earned the CDU politician strongly criticized. So named as Austria’s Federal Chancellor Werner Faymann, the idea “degrading”. French President Hollande opposed the proposal. “There is no provisional Grexit” he said. “France will do everything possible to reach an agreement that Greece to remain in the euro zone allows,” Hollande said.
criticism of economists
Even economists judged harshly on the proposals from the German Ministry of Finance. The economist Jeffrey Sachs tweeted: “Greece may be incompetent, the German leadership is cruel..” In another message, he described the euro zone as a “madhouse”.
Warning of Luxembourg
The Luxembourg Foreign Minister Jean Asselborn called Germany in the Süddeutsche Zeitung (Monday edition) to compromise on: “It would be fatal for Germany’s reputation in the EU and in the world if Berlin now not take the opportunity that is given by the Greek reform offers the Grexit must be prevented.” He continued: “If Germany it applies to a Grexit, it provoked a profound conflict with France. That would be a disaster for Europe. ” One of the EU split into north and south must necessarily be prevented. “. Germany’s responsibility is huge task now is not to conjure up the ghosts of the past,” warned Asselborn
Renzi. “Enough is enough”
Italian Prime Minister Matteo Renzi also expresses sharp criticism of Germany. A humiliation of Greece it should not be, says Renzi newspaper Il Messaggero . “Italy does not want a Greek exit from the euro, and Germany I say. Enough is enough” He would urge Germany to accept an agreement with Greece in the debt crisis. “To humiliate a European partner, although Greece has abandoned almost everything is inconceivable”, quoted the newspaper said Renzi.
Your Forum Is Germany to crack down on Greece?
simulation games from the German Ministry of Finance to a Grexit “on time” have Europe startled – both the Luxembourg Foreign Minister Jean Asselborn, as well as Italy’s Prime Minister Renzi expressed several reservations regarding Germany. Meanwhile device SPD leader Gabriel for his response to Schäuble’s position paper in the line of fire. Germany goes too far?
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