Sunday, May 8, 2016

Before EU ministerial meeting: Gabriel urges debt relief for Greece – THE WORLD

Prior to the meeting of euro zone finance ministers calls SPD leader Sigmar Gabriel debt relief for Greece.

“The Euro-group meeting on Monday must find a way to break the vicious circle in Greece,” Gabriel said Saturday. It will help the country and its people not to have every twelve months struggling to get new loans to pay for old loans.

“Greece needs a relief of its debt burden,” said the Vice-Chancellor and Minister of Economics. Finance ministers from the euro zone would flexibly use all opportunities for that stood at their disposal.

Greece growth lies above expectations

“All know that this debt relief must come sometime. It makes no sense, in front of it to push again,” Gabriel said. “Totally wrong would be to Greece to cover now with new austerity measures.”

Greece’ve at least managed to achieve a better economic growth than anyone could expect. “It makes no sense, this tender plant now through new austerity measures again to destroy,” warned Gabriel.

The head of the SPD will also during a meeting with Sweden Prime Minister Stefan Löfven and Austrian Chancellor Werner Faymann spoke on Sunday in Stockholm over Greece. The payment of a tranche of five billion euros to Athens delayed presently because of a dispute over the pace of reforms in Greece.

The Greek government, in turn, asked before the special meeting on Monday at support for their reforms. Athens needs a common declaration of Finance Ministers of the euro group, to recover the “investor confidence”, according to a letter from the Greek finance minister Euclid Tsakalotos to the colleagues of the euro zone on Saturday.

Green light for new loans?

the public life in Greece was affected on Saturday the second consecutive day of a general strike. At the two-day protest against the austerity measures of the government of Prime Minister Alexis Tsipras, the unions called. They make up the required by international donors pension reform and against the planned increase in income tax mobile.

The declaration of Finance should the government in Athens certify that they “on track” located, according to the letter of Tsakalotos. So it might be possible to escape from the “vicious circle of austerity measures” and in a “virtuous circle of growth” hineinzufinden.

On Monday finds in Brussels special meeting of finance ministers of the Euro group held, at which the ministers could give the green light for new emergency loans to Greece. Actually the meeting was to be held on Thursday, but it was postponed because of continuing disagreement.

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