Back fear for Greece, bad bags and spread – AGI – Agenzia Journalistic Italy

20:55 May 5, 2015

(AGI) – Rome, May 5th . – It reinforces the fear of a ‘Grexit’ and the spread rises again above quota 130 points, while European stocks are at peak and lose more than 2%. A growing fear of a Greek exit from the euro and ‘confusion about the new international aid to Athens, which not only do not take off but rather turn away, as now seems certain that the Eurogroup on Monday’ next to Brussels will not produce ‘no deal. Finance Minister greek, Yanis Varoufakis began his European tour in view of the Eurogroup but from Brussels, where today he met with EU Commissioner for Economic Affairs, Pierre Moscovici, has announced that the negotiations between Athens and its creditors sees “big progress “, but no final agreement. Varoufakis, who ten days ago was the subject of strong criticism from colleagues Eurogroup of Riga, and ‘Impega this morning on a tour of European capitals as well as in Brussels, and now’ was also in Paris Michel Sapin, tomorrow will go ‘in Rome, Pier Carlo Padoan and subsequent days in Spain. Monday ‘next, the Eurogroup, “we will have a fruitful discussion that surely will confirm’ the great progress and will join ‘one step closer to the final agreement,” he said in Brussels Varoufakis. Moscovici also held in the vague and speaks of “significant progress in the group of Brussels”, or representatives of government greek and institutions (EU, IMF, ECB, EFSF) that are negotiating to release the last tranche of 7.2 billion international aid program.
And ‘what we read on the Twitter profile of the Commissioner.
The meeting’ also served to “prepare a Eurogroup useful for Monday ” next, and when ‘in Brussels the meeting of the 19 ministers chaired by Jeroen Dijsselbloem. More ‘optimistic but only in words the French Finance Minister Michel Sapin, according to which a “good compromise” on Greece and’ possible. “We are at a crucial time – Sapin said after meeting Varoufakis – and we have the ability ‘to reach a good compromise.” To make the picture even more ‘foggy and’ the Financial Times stating that the IMF would be available to pay its share of aid to Athens only on condition that the European partners agree to write down a significant portion of their loans to Greece. In practice, the IMF proposes the haircut, debt restructuring, that Berlin does not intend assolitamente consider. In fact, the German Finance Minister, Wolfgang Schaeuble, has denied the rumors, reported by the ‘Financial Times’, while confirming the alarm on the worsening financial situation of Athens. “The IMF obviously did not make any comment of this kind,” Schaeuble said in the press conference, while admitting that “things have become more ‘difficult’ as the institution of Washington” made it clear that the numbers have worsened ” , that ‘Greece has a budget surplus but has a primary deficit of 1.5%. The German minister will and ‘then told skeptical about the possibility’ that the Eurogroup on Monday ‘to close an agreement that allows you to unlock the final payment of the loan to Greece, while “not ruling out” this possibility’.
In the evening, the IMF has confirmed the rumors of the Financial Times and that is’ made it clear that Greece may need to cut debt, although he denied having made such a proposal by the department head of the IMF for Europe, Poul Thomsen the Eurogroup meeting in Riga, as was claimed by the British daily.
.