Prime Minister greek
Milan , February 3, 2015 – 16:41
Italy is” the “country, that of affinities, similarities, comparisons: and this is why the visit of the Minister of Finance greek Yanis Varoufakis, Tuesday in Rome to meet his counterpart Pier Carlo Padoan, is a very important moment of the tour Tsipras seeking support in Europe. “Italy is a country where it is natural to come to present and explain that our mandate is to start a conversation on Europe, which still has not been made- emphasizes Varoufakis waiting for the Prime Minister greek meetings Renzi- not we have a monopoly on good ideas, but someone has to start talking, and sometimes are the most desperate to do so. ” It means that our Italian is desperate as Greece? No, but, notes Minister greek, “your economy is serious, it is productive, from the point of view of culture, manufacturing, and do almost everything that you produce you do it very well. You have managed the economy well, you have almost reached a balance of current budget, your government has kept you in the Maastricht criteria and have even a primary surplus. Yet, despite this, you have an unsustainable debt. When this happens – said Varoufakis – means that there is something wrong in the architecture of the Eurozone. If you were so, then Greece has no chance. “
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Varoufakis in Italian: “Common interests”
Affinity and rules
Italy as a parameter, in short, to show that something needs to be changed, in the European rules. “From Italy seek signs of a more rational approach in the context of the Eurozone,” says Varoufakis. Without violating the stakes EU: “With Padoan we talked about the respect of all the parameters, it was a useful and constructive discussion.” And it is the same Italian Economy Minister to gloss: “The European Union is a place where solidarity and responsibility are concrete principles that jointly exercise.” Okay affinity, implies Padoan, but it is essential “that Greece expected to lie on a path of strong and sustainable growth through a clear program of structural reforms.”
The decisive meeting: Frankfurt
But if that in Italy is a visit psychologically significant, will be to tomorrow’s stage really important from a practical point of view, for Greece in search of a solution for his dramatic financial situation. Wednesday fact Yanis Varoufaki will visit the ECB in Frankfurt. Just tomorrow the Board of Governors of the ECB meets in the afternoon for a technical meeting, according to the information coming from Frankfurt. On the table of the guardians of the euro there will also be a key issue for Greece: the renewal or not of the line of emergency funding (ELA) for Greek banks, put in difficulty by massive withdrawals from the accounts that occurred in recent weeks, during election campaign and then after the vote that led to the government the party of the radical left anti-austerity Syriza. Currently, the ECB accepts to grant liquidity to institutions of the country, taking their bonds as collateral, but can do so only as long as Greece benefits from the international aid program that expires at the end of February. Without this program, the Ela constitute one of the remaining puffs of oxygen to the banking system greek. The ECB has the power to oppose the renewal of the mechanism or to restrict it, expressing themselves in one way or another with at least two thirds of the votes. Greece is also indebted to the ECB for € 25 billion, as the Bank bought Greek bonds on the market since 2010 and one of the objectives of the greek government is also renegotiating with creditors.
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The minister of? Greek economy Varoufakis meets his French
The end of the crisis? In June
“We can see the end of the Greek crisis from June ‘: it is safe Varoufakis. “It can be done. Provided that in Europe we all calm down. We need a bridge agreement that gives us the time, like a month or six weeks from the end of February to finalize an agreement, then we will implement from the first of June. Our crisis will end. You will see, if there will be an agreement, how quickly will come the capital. ‘
Athens Stock Exchange to +11.27%
The optimism of Varoufakis is good for the markets: the Athens Stock Exchange closed up 11.27% in the wake of optimism on Reaching agreement on the debt greek. To accelerate the gains in the afternoon was the news of the visit tomorrow to the ECB’s Finance Minister Yanis Varoufakis, the very day on which the board must decide on the renewal of the line of emergency funding (ELA) to Greek banks. The general index closed at 840.57 points.
February 3, 2015 | 16:41
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