The German Treasury missed in the new Greek reform proposal “centrally important areas of reform”. That is why the ministry is proposing two ways. Greece should either transfer assets into a trust fund or retired for at least five years from the euro zone.
The German Finance Ministry on Saturday his negative assessment of the Greek proposals to other euro countries supplied. “These proposals are missing centrally important areas of reform to modernize the country and to advance on the long term economic growth and sustainable development,” it said in the one-sided position paper, which was present the “Frankfurter Allgemeine Sonntagszeitung” (FAS).
That’s why they could “not the basis for a completely new, three-year ESM program form”.
New reform proposal or “Grexit” on time
Instead, summarized the Treasury two ways forward into the eye that remained
one way. Greece improved its proposals quickly and comprehensively, with the full support of Parliament. The Ministry proposed, inter alia, that Greece shall transfer assets in the amount of EUR 50 billion to a trust fund, which it sells and thus removes debt
Way two:. is with Athens over a “time-out” negotiations. It leaves the euro zone for at least five years and restructures its debt. However, it remains the EU Member and receives further “growth-enhancing, humanitarian and technical assistance,” says the “FAS”.
More about you can read in news ticker of FOCUS Online.
Schäuble’s words before the decisive meeting have very deep look
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