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This article was published on February 5, 2015 at 11:35.
The last change is the February 5, 2015 at 14:22.
They speak two completely different languages. Ended with a disappointing budget meeting between Finance Minister greek Yanis Varoufakis and his German counterpart Wolfgang Schaeuble, following the decision of the ECB to remove the exemption that allowed Greek banks to source liquidity providing warranty titles State.
Schaeuble: “Germany respects the vote greek”
German Minister Schaeuble began by saying that “Germany respects the outcome of the last vote in Greece” adding that it is necessary to reach an agreement with Greece “for all of Europe.” Then he added: “We can certainly help Athens to find more time, but the causes of the problem must be removed.”
Measures Tsipras go “in the wrong direction”
The minister explained that Greece must address the problems “with the three institutions with which he faced the program: the ECB, the EU Commission and the IMF, “adding that some of the measures announced by the new Greek Government ‘do not go in the right direction.”
Varoufakis: “There has been talk of a cut or a lengthening of the debt”
“Greece is a country in the euro,” replied Varoufakis , reiterating that Athens’ needs political support, technical and moral development of its European partners. ” The minister also stated that in the meeting with his German counterpart, “there was no talk of a cut or a lengthening of the debt.”
Varoufakis: “Give us time, no ultimatum”
This morning, the Greek finance minister had said: “The only thing we ask is not to be put under pressure with an ultimatum. Give us time until the end of May or early summer in order to put on the table our proposed solution. ”
“Greece – continued – needs of Germany, which has found itself in the past in the same situation, that is humiliated by other countries and in a heavy depression, one that the last century has led to ‘ rise of Nazism. The third party of the greek parliament is the Nazi party, “recalled Varoufakis, referring to Golden Dawn.
” I think that of all the European countries Germany can understand this simple story: When discourages too long a proud nation, and exposes you to negotiations and concerns of a deflationary debt crisis, with no light at the end of the tunnel, this nation sooner or later ferments. ”
A systemic crisis: “We first domino to fall in the European domino»
Varoufakis admits errors by Greece for the lack of progress in reforms, but stresses that it is not for this reason that the eurozone is in deflation. It is a “systemic crisis” that must be resolved as such, “thinking like Europeans” and starting to use “political means.” The minister then compared the Greece ‘canaries in the mines, “whose death signaled the presence of poisonous gas firedamp. Canaries that were “the weakest part of dying at first but it was not responsible for the poison gas.” In practice, he added, Greece is the first domino to fall but is not responsible of the domino effect.
Government greek: “We do not accept blackmail”
Greece “does not want to exert blackmail against anyone, but it is not going to be subjected to any blackmail,” Meanwhile, a source does know of the Greek Government, which states: “The liquidity of Greek banks is fully guaranteed” through other channels still available and given the decision to Frankfurt a form of “pressure” to reach an agreement between Greece and its creditors on fate of debt.
EU: “Uncertainty choices Greece undermines confidence and economic recovery”
The uncertainty on the political choices of Greece “is affecting confidence levels and could undermine the scope of the recovery, “says the European Commission, now that the Greek economy has taken a lift driven by the recovery of consumption and exports. In the economic forecasts published today on the EU, for Greece, the Commission based its estimates on the assumption that compliance with the commitments made in the plan of correction and rehabilitation, and expects economic growth of 2.5 percent this year and by 3.6 percent in 2016.
Hollande: “France will work to find a solution”
The President Hollande said that France must “find a solution “the financial crisis in Greece. The role of France in front of the Greek challenge is “to find a solution, to contribute to an agreement” in “respect the vote of the Greeks’ and ‘European rules,” said the French head of state in a press conference by’ Eliseo.
Francois Hollande then invited the new premier greek Alexis Tsipras to go talk to Chancellor Angela Merkel, ensuring that “will be received.”
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