Double swap here is the plan of Athens for the debt. London: “The knot … – Il Sole 24 Ore

Double swap here is the plan of Athens for the debt. London: "The knot … – Il Sole 24 Ore

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This article was published on February 2, 2015 at 15:32.
The last change is the February 3, 2015 at 14:55.

Athens has unsheathed a concrete plan to break the stalemate on the debt: one double swap between old government bonds and new bonds. He unveiled the new minister of Finance Greek Yanis Varoufakis, in an interview with the Financial Times. The new bonds would be of two types: one indexed to nominal economic growth, and the other, defined by Varoufakis’ perpetual obligation, “to replace the Greek government bonds in the hands of the European Central Bank. The project has yet to be submitted to the European Union. “To our partners we want to say that the plan (called” menu swap “by the Minister) aims to bring together primary surplus and reforms. Help us by giving more room to maneuver on the accounts, otherwise we will continue to choke and become a Greece deformed rather than reformed. ” Varoufakis also said that the new government intends to pursue the big tax evaders.

Osborne: the case of Greece ‘greater risk for global growth “
The divergence of views on greek debt between the EU and the new government Tsipras is “the greatest risk to the global economy.” This is the alarm raised by the British finance minister, George Osborne, after the meeting in London with the Minister of Finance greek Yanis Varoufakis. Osborne said he had called Varoufakis to “act with a sense of responsibility, but it is also important – he added – that the euro area has better plans for growth and jobs. It is a growing threat to the UK economy. And in Britain, as in Europe, we must make sure to choose the jurisdiction instead of chaos. “

In general, the British minister spoke of “constructive discussions” but is the language of diplomacy. The same was said after the confrontation last Friday between the greek economist and President of the Eurogroup, Dijsselbloem.

Varoufakis, according to the Guardian, dressed for ‘disco’
On entering Downing Street at 11, noon, in Italy, Varoufakis greeted the fellow in front of his office and residence of Cameron in informal clothing as usual, wearing a blue shirt electric, strictly no tie and untucked, and a black jacket Barbour.

There were also full of sarcastic comments from across the Channel. “That’s George Osborne chatting with a frequenter of nightclubs after a good night. Indeed no wait a minute: it is the Minister of Finance greek, “tweeted the managing editor of Foreign Guardian, David Byers.

Bond triennial Athens other share 20%
It is not known if the clothing of Varoufakis has helped to make more dramatic alarm Osborne. What is certain is that the three-year Greek government bond yields, which move in a direction opposite to the price mirror, broke through the threshold of 20 percent.

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