Thursday, February 12, 2015

Brussels, the Eurogroup steps forward for the agreement with Greece – BBC

Brussels, the Eurogroup steps forward for the agreement with Greece – BBC



Milan , February 12, 2015 – 16:59

     
     
 

First glimmers of salvation for Greece talks by the Eurogroup. It was taken a step forward to prevent stalling and the risk that the meeting next Monday the finance ministers of the euro continue with their colleague greek Yanis Varoufakis a dialogue of the deaf. After an intense bilateral talks between President Eurogroup Jeroen Dijsselbloem and Greek Prime Minister Alexis Tsipras, the bowls of the negotiations have started to move. Three decisions. The first is the opening of discussions at the technical level by tomorrow morning. The second is that it is for the first time abolished the reference to the Troika and henceforth will be referred to the institutions. The third is that Dijsselbloem and Tsipras agreed on a ‘common language’: the key words are “technical evaluation”, verifying the existence of a “common ground”, “current assistance program”, “greek government’ ;s plans.” In the tortuous path of political and semantic European negotiations, which means that the negotiations to reach agreement on the program and management of the Greek debt is not dead and that the parties begin to give in on some stiffness. Greece ‘blackmail but does not accept blackmail “then commented the premier Alexis Tsipras , in the evening, after the EU Council in Brussels. “We will comply with the tax rules and balance the budget – said the government’s number one greek -. We will not return to the deficit, but I asked for the support of the partners for so we can make Greece a normal country. ”

New terms, new agreements

not have changed the positions of the bottom, but it certainly has changed the atmosphere compared to the disappointment of the last night, after seven hours of fruitless discussion among finance ministers. On the other hand the tones of the German chancellor on his arrival in Brussels had appeared sufficiently moderate (without abandoning the principle of the observance of agreements signed by Greece as a prerequisite for further discussion).
In the new “note language” agreed by Tsipras and Dijsselbloem not appear the words “extension” and “conclusion” of the current program of assistance and economic reform. Another signal indicating an effort under way to end the stalemate. Now the box with the new terms to be filled: there are two days to do it, he indicated Merkel. Actually there are three: tomorrow, Saturday and Sunday. It will be a very difficult job because the line of Tsipras still appears to b e the same as before: obtain new loans without being “hang” from the old framework of the conditions attached to loans received and additional support in the next four months, waiting for the government is able to launch a program of reform and debt repayment agreed and credible both for creditors and for the financial markets.

The onset of Tsipras

The EU summit began Thursday with more than three hours late for the prolongation of the negotiations in Minsk on the Ukrainian issue with Merkel and Hollande. What was supposed to be a working lunch was then transformed into an early dinner. On the first point of the agenda Ukraine, then Greece, the fight against terrorism after the massacres of Paris and the strengthening of monetary union. Renzi will take advantage of today’s meeting to ask the EU a greater commitment on the immigration front, with a focus on Libya, after yet another tragedy of Lampedusa. While the Prime Minister of Greece Alexis Tsipras, who is in his debut among the EU 28, will try to treat the debt renegotiation. Tsipras has been warmly welcomed by all leaders, in particular by the premier Italian Matteo Renzi, who has reserved a warm hug, the two prime ministers are sitting next to each other at the table working. The neopremier also greeted Chancellor Merkel and s poke briefly. “I hope we can work well together, despite the difficulties,” said the Chancellor. “I hope so, too ‘I’ was the response of the smiling Tsipras, that even on the occasion of his first summit has given up the tie.

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Eurogroup, l? Debut Tsipras

 

“Germany is ready but we see the proposals of Athens’

And it is the Chancellor, the main Greek skeptical about the maneuvers, which are aimed for all to see:” The EU always have to compromise, this is his success. Germany is ready but it must be said that the EU’s credibility depends on the rules and being reliable “: thus anticipated Angela Merkel entering the summit. “We’ll see what proposals will Athens, will be discussed Eurogroup Monday so we have a few more days.”

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Brussels, leaders with the backpack

 

The emergency funds: 60000000000-65000000000

Meanwhile, the European Central Bank has raised to 65 billion euro from the previous 60 billion the availability of emergency funds ( Emergency Liquidity Assistance ) in favor of the Greek banks. The report various sources. The funds are distributed by Ela national central banks, in this case the Bank of Greece, with the authorization of the ECB.

February 12, 2015 | 16:59

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