No agreement in Riga, EU ministers curries Varoufakis – AGI – Agenzia Journalistic Italy

Economy

08:05 April 25, 2015

(AGI) – Riga, April 25 – Despite the recent progress of the negotiations between Greece and institutions (EU, IMF, ECB), the two months since the agreement of 20 February Eurogroup were not enough to agree on a plan of reforms that allows the partners to unlock the last tranche of financial aid program. It is 7.2 billion, a shot in the arm for the government coffers Tsipras, struggling with serious problems of liquidity ‘and a series of payments due. The expected meeting in Riga, on the occasion of the informal Ecofin presidency Latvian, and ‘resolved in a very heated debate and studded with harsh criticism against the greek Minister of Economy, Jannis Varoufakis, accused by colleagues having lost time and to be dogmatic, unreliable, even an amateur.
and Intolerance ‘was also expressed in respect of his speech, described as “a lesson” as they continue to lose out on the concrete and detailed proposals on the basis of which to reach an agreement . In the end, the president Jeroen Dijsselbloem and ‘merely confirmed that the discussion’ was “very critical”, indicating the persistence of “large differences to be bridged” before we can reach an agreement between Greece and institutions for the next tranche of aid.
“Time is running out” and ‘the phrase repeated by Dijsselbloem, but also by the European Central Bank President Mario Draghi and the EU commissioner Pierre Moscovici: all also stressed that an agreement in the short and’ in the interest of Greece first. Draghi warned that the European Central Bank will continue ‘to support Greek banks “until they are creditworthy and may have adequate collateral”: in fact, he noted, “the fragility’ of situaione causes a rise in yields, and more ‘high yields are Greeks, more ‘big’ the volatility ‘, and more’ side are destroyed. “
short, a bad morning for the minister greek, which however is and ‘confirmed” confident “and” determined “to reach agreement, “there is no alternative”, she admitted, “the positions are now more ‘nearby on privatization, the establishment of a fiscal commission and we positive discussions on the need to reform the bureaucracy.” While he acknowledged, the positions remain distant on pension cuts. “We should not focus on the differences – he added – to accelerate the negotiations could continue the review of the program and in the meantime the first to agree the necessary reforms. In this way we allow a partial disbursement of funds. The next meeting of the Eurogroup and ‘for the May ’11 in Brussels.
(AGI).

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