MILAN – Among Eurogroup and Ecofin fate of Greece is hanging in the negotiations in Brussels. The aid plan for Athens expires in late February and without an extension of the program Greece is likely to run out of cash in March. At this point the exit from the euro would be inevitable, unless the newly elected government Tsipras decides to review all the campaign promises continuing a policy in the name of austerity. The Italian Finance Minister, Pier Carlo Padoan remains confident: “The output of Athens from the euro is out of the question.” The hawks Eurozone however seem to think otherwise. For German Schaeuble the “greek government is irresponsible”, while the Dutchman Jeroen Dijsselblom, also president of the Eurogroup, “Greece must first ask for an extension of the aid program and then we can apply the flexibility.” A proposal that Athens h as returned to calling it “unacceptable.” Hence the EU’s decision to set an ultimatum to next Friday for the choices of Greece. The next step in the negotiations between Greece and partners who have not yet reached an agreement on the level of financial aid must therefore be “a step of responsibility” as said Minister of Finance of the Government Tsipras, Yannis Varoufakis, “Europe will continue to act to boost the chances of achieving a good result for Europe, not for the Greeks or the Dutch or the Germans.” According to the minister, who today will participate for the first time at the Ecofin meeting, “in Europe we know how to proceed to find a good solution starting from an initial disagreement.”
- Arguments:
- Ecofin
- Greece
- Eurogroup
- Starring:
- Jeroen Dijsselblom
- Pier Carlo Padona
- Yanis Varoufakis
- Alexis Trispras
- Wolfgang Schauble
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