MILAN – If there is still someone who doubts the weight ‘political’ of Mario Draghi , the governor of the European Central Bank, will have to dissolve it in front of his role in the negotiations between Greece and European partners to arrive at a new form of support for Athens in exchange for new commitments to reform.
The fate of Athens into the hands of Dragons E. Livini
After Paris, London and Rome, today the Minister of Economy greek, Yanis Varoufakis , has made stops in Frankfurt to meet ECB President Draghi, in an interview that he has termed ” fruitful “. Meanwhile Prime Minister, Alexis Tsipras has sailed for Brussels to see the President of the EU Commission, Jean-Claude Juncker , from which it was greeted with a warm hug. Tsipras has also visited the headquarters of the EU Council to meet President Donald Tusk and had an interview with Martin Schulz , president of the European.
After over an hour of dialogue in Frankfurt, Varoufakis said he was “very encouraged” by Draghi. “We had – he said – a discussion and an exchange fruitful” and between us, he adds, “there was an excellent line of communication, which gave me a great encouragement for the future.” “The ECB – said the minister – is also the Central Bank of Greece and will do everything possible to help member states in the euro.” The governor, Varoufakis wanted to convey the message that the greek case can not be treated as “business as usual” and that is, as all the others.
From the offices of the EU institutions, by mouth of Tsipras, come other words of encouragement: the greek prime minister said he was “very optimistic” after meetings with the Presidents of the Commission, the Council and the European Parliament. “We have not an agreement but we are going in the right direction,” he said in a press with Schulz, explaining that there is a willingness to “work towards a mutually acceptable agreement.” Even the leader of SYRIZA calmed saying that Athens intends to “respect the rules”, but the request is to “change the picture” of the rules of the game. The Minister greek Varoufakis speaks to the media outside the headquarters of the European Central Bank
Taking stock of the state of the art, we must remember that the goal of Varoufakis is to find ways to renegotiate the 240 billion euro international bailout. The spotlight is mostly about him, who wants to keep Greece afloat until June and proposes a swap to lighten the debt burden of Athens, that colleagues on interest repayments to the resumption of growth in GDP. A design that passes through the role of the ECB, which should give the chance to return to Greece to issue bonds in the short term in order to have sufficient liquidity to not extend funding international Troika arrive but, from now until the spring, a new agreement with creditors. In this there is the political profile of Dragons, which is intertwined with its technical role. And the indications in this sense are not all positive: according to the Financial Times , in fact, the ECB there would be a willingness to give Athens the chance to go on the market to borrow in the short.
“The ECB should support our banks, so that we with our bonds of short term we can survive,” he explained in an interview with die Zeit before meeting Draghi. This “would not be a lasting solution”, because the greek government has to have solved by “early June” the whole re-discussion of the plans help. “I guess a plan-Merkel, following the example of the Marshall Plan,” he said again: “Germany would use its power to unite Europe, this would be a wonderful legacy of the German Chancellor.”
The markets yesterday have turned upward, particularly the Athens Stock Exchange, which closed at + 11%, in the wake of growing optimism surrounding the debt negotiation greek. Today the prevailing caution. Tomorrow Minister greek remain in Germany to meet Finance Minister tedsco, Wolfgang Schaeuble , a tough, who will speak on behalf of Angela Merkel, as the Chancellor has preferred not to meet Tsipras.
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