Greece, June 5th installment IMF. But Varoufakis: “Before pensions and salaries … – Quotidiano.net

Athens, May 20, 2015 – The next June 5 the government greek must match an installment of 300 million of euro to the IMF, but the government Tsipras look beyond that period, indeed, in a sense deliberately ignores her, because he wants a global agreement with international creditors “to exit the debt trap” (indicating a qualified source), not only on a part of the commitments. According to a document obtained by the newspaper To Vima , the greek government is committed to achieving a primary surplus of 0.75% of GDP in 2015, 2% in 2016 and 3.5% in 2017 and in 2018. The previous goal for this year was a primary surplus of 3% of GDP.

VAFOUFAKIS SHOWING MUSCLES – “If we will repay the IMF on June 5 and will pay pensions and wages as well as honor its other obligations with our creditors interior, if you can not priority will pensions and public workers “, says Minister of Economy greek, Yanis Varoufakis, the British channel Channel 4.

SOMETHING MOVES? – However, according to primary sources, tr yesterday and today, Greece submitted to the Brussels Group proposals “very concrete” on pensions, simplification of VAT and the labor market. The proposals are considered by the negotiators “useful discussions” that reflect today and, unless broken, will continue until Saturday.

VOX EU – U n agreement with Greece “can”, but “There is still a long way to go”, says Pierre Moscovici, European Commissioner for Economic Affairs, at a press conference in Paris, asking at the same time in Athens rapid progress, particularly we need details “on pension reform, it must be sustainable, and new rules for the labor market “. “Things have not yet been completed, but they are feasible – he added – and we are proceeding at a pace that would make possible an agreement.” Moscovici has, however, admitted that “time is running out, as the problems of liquidity ‘of the country, and this is not a mystery, are real and serious and can not be ignored”.

NOTICE MOODY’S – According to the rating agency Moody’s outlook for the banking system greek are negative, “mainly due to the acute worsening of the collection and the liquidity of the banks.” Moody’s noted that “it is unlikely that these tensions will loosen in the next 12 -18 months “ and this involves” a high probability of imposition of capital controls and the freezing of deposits “.

HERE ECB – Meanwhile today the board of the ECB is discussing the emergency liquidity Greek banks: according to the agency Bloomberg, the Greek central bank would ask for in Frankfurt could increase by a further 1.1 billion the availability of ELA (Emergency Liquidity Assistance). To the scrutiny of Governors also the possibility of an increase dell’haircut, the margin of the loan guarantee, even if the ‘close’ is defined unlikely.