Thursday, February 5, 2015

Tsipras: “The troika is over,” Renzi: “Right choice of the ECB ‘- BBC

Tsipras: "The troika is over," Renzi: "Right choice of the ECB '- BBC



Milan , February 5, 2015 – 12:19

     
     
 

” Right Decision of the European Central Bank not to accept Greek sovereign bonds as collateral in exchange for cash, “according to the president of the Council Matteo Renzi ” Decision legitimate – reads a note of Palazzo Chigi – that puts all the actors in the field around a table in a direct comparison and positive. ” A few hours earlier had been the French president, François Hollande , with almost the same words used by the Italian prime minister, to define legitimate the move of the Central Bank that “induces Greeks and Europeans to get around a table» .



” The troika is over “

A table around which, at the time, are all uncomfortable . While the government greek is anxious not only to point out that the surprise move of the ECB “will not have a negative impact” on the financial sector of the country, the neopremier, Alexis Tsipras , said on Thursday, in front of Parliament, that “The troika is completely over.” “Anyone can be sure” that the government of Athens “will negotiate and will terminate the troika,” he said. It is not a reverse, however: “We have a commitment with the rules of the European Union – said in a statement – even if we disagree with them. But we respect and will respect the rule regarding budgets with no deficit. ” Clearly, however, the criticism of the system, “the austerity and unreachable primary surpluses are not the rules instituting the EU.”

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In the square, against? Austerity

 

In Five thousand square

Against austerity and against the decision of the ECB, the people took to the streets: 5 thousand people, through word of mouth on social networks, gathered in Syntagma Square, in front of the Parliament building greek, quietly and without flags, expressing their support to the government, defending the interests of the country. Unlike what happened during the demonstrations with the previous government, there are no barricades or police in what is the first manifestation of the square after the election victory of SYRIZA.

Greece and Germany away

The effects of the” slap “of the ECB are deflagrati at the end of the tour new Minister of Finance in Athens, Yanis Varoufakis, in the European chancelleries and at the very moment in which he met his German colleague, Wolfgang Schaeuble . The summary of the meeting (a “long and intense discussion ‘) is that Greece and Germany remain distant. This was confirmed – but there was no need – Schauble, with a joke: “We agree to disagree,” he told a news conference. While Varoufakis stressed that “Greece is a country in the euro area” and that Athens’ needs political support, technical and moral development of its European partners. ”

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Schaeuble and Varoufakis: “There remain differences”

 

Nothing done

Schauble said that ” Greece has to work with the IMF, the ECB and the EU Commission, “that is, with the three institutions with which he faced the aid program: the Troika of which shortly after Tsipras, speaking to the parliamentary group of SYRIZA in Greece, has decreed the end. “Greece can not be blackmailed because democracy in Europe can not be blackmailed.” “Greece will not take more orders.” “It is no longer a partner miserable listening lessons on homework to do.” This prejudice to the statements by the Prime Minister, on the day when Parliament greek swore, after the elections of January 25. And after the trip to Europe to renegotiate the debt abyss of his country, as reported by the “constructive dialogues” but no concessions. Even the journey of his minister ended with little done. Tsipras from Athens said: “We look forward with great interest the proposals of Germany, today we have not heard anything concrete.”

Compromise

The German Finance Minister has made one concession: “Germany needs to understand what difficulties crossed the greek people and respect the progress that did. ” This glimpse of the crack that would leave a compromise to allow Greece to remain in the club of the 19 eurozone members.

A program-bridge

Varoufakis has especially asked” time “, admitting errors by Greece for the lack of progress in reforms, but emphasizing 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.” He called for a “bridge program between now and the end of May,” to have “space” for “of talks on a new contract with Europe, the ECB and the IMF.” A return of the German reply: “We can certainly help Greece to find more time but the causes of the problem reside in Greece and should be removed.”

Boiling

” We are willing to deal. We are a chance for Europe, “said the still Varoufakis. And he assured: “We will do everything in our power to avoid a default,” while agreeing “that cutting the debt does not make sense at this point of the program.” Looking to his counterpart, then stated that “Greece 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 the rise of Nazism. ” In the same vein the statement issued Thursday to German television Ard: “The Germans can understand that a proud nation can not be humiliated for too long without her to see the light at the end of the tunnel.” “Otherwise – he added – this nation eventually boils.”

“Disagreement”

L ‘ last stage, crucial to Varoufakis has therefore left open all the differences: “We agreed to disagree on being”: commented, in fact, the landlord. The new Minister greek radical left has failed to soften the old wolf of German policy, standard bearer of a European policy of rigor. Schaeuble, however, has not closed all the doors, “Our moral duty as Europeans is to understand each of us and find solutions,” he said. But he also expressed his skepticism about some of the measures submitted to him by fellow greek: “Some – he confessed – do not go in the right direction.”

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The German left: ‘Solidarity with Greece “

 

“Common Goals”

In the morning, in Paris , Hollande had revealed a backstory of his meeting the previous day with Alexis Tsipras: “I told Tsipras” go find the chancellor, because it is what you must do when you belong to a community. And you will receive. ‘” French President received the greek prime minister in a climate that was judged “apparently friendly,” but that does not show the exact role it will play Paris in the coming weeks, the triangulation between Athens, Berlin and Brussels. “I told Tsipras that we must respect the rules,” said the socialist president. But he admitted that “before the challenge Greek, France’s role is to find a solution, contribute to an agreement” in respect of “the vote of the Greeks” and “European rules”. “Austerity forever is not a solution, nor for the Greeks, nor for others,” he added.

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Tsipras in Brussels and Junker takes his hand

 

The Bags

The Athens Stock Exchange closed the session on Thursday in sharp decline (-3.37%, after the index Ase had collapsed at the opening to -9%). Closing a little weak ‘for all European shares after the slap of the ECB in Athens. Fears related to the fate Greek took away momentum to the price lists with Milan and Frankfurt that leave on the ground, respectively, 0.59% and 0.05%. Positive instead Paris to + 0.15%, London flat to + 0.09%. Madrid also down to -0.65%. Wall Street positive.

Avoid contagion

The dossier Greece will be the focus of the Eurogroup in Brussels next week, on the eve of the EU Council of 12 February. Meanwhile groped for a synthesis between the different positions on the field, the EU Commissioner for Economic Affairs, Pierre Moscovici said that with Greece is being “constructive dialogue.” And while holding the premise (“The commitments made by Greece must be respected”), said: “We’re looking for a common solution in compliance with the commitments made by previous governments.” While the International Monetary Fund says “looking forward to discuss with the new government of their economic plans.” Although, points out the Gerry Rice , spokesman for the IMF, “the program for Greece is made to help the government and the people greek greek. And at the same time to avoid the danger of contagion. Continue on this road will bring benefi ts to Greece and the rest of Europe. “

In Moscow

Courted by Russian President, Vladimir Putin , from which he received an official invitation Thursday, Alexis Tsipras has decided that it will fly to Moscow on 9 May. The European Union fears a rapprochement of Athens to Russia but Finance Minister greek Yanis Varoufakis, in an interview today with the German newspaper Die Zeit, assured that Greece will not ask “never” financial aid to Moscow.

February 5, 2015 | 24:19

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