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This entry was posted on May 5, 2015 at 19:00.
The last change is the May 5, 2015 at 20:07.
The government greek attempts to lunge at the end of another day of very difficult negotiations. According to the executive led by Alexis Tsipras the scenario is as follows: EU and IMF follow “different strategies” on Greece, with the first closing of a debt restructuring and the second that does not yield on pensions and work. A “big contradiction” in the light of which the Greek government, it said in a statement, “has decided not to legislate on reforms before an agreement” among the creditors themselves and then with the creditors. A negotiating position is not without its logic, as the European Commission itself provides estimates prinaverili greek debt at 180.2% of GDP in 2015. These data offered to the IMF on the silver platter the opportunity to request a haircut, cut debt, since the reforms alone will not be enough to straighten the accounts.
The deal on greek debt and on the release of aid being discussed now by the end of February is likely to end in the quicksand. But what exactly? According to “Financial Times”, the IMF would have asked the other two members of the former troika (Greece’s institutional creditors, today Group of Brussels), European Commission and ECB, a devaluation (would be the second haircut after the one of 2012 to 100 billion euro) debt of the Hellenic country, without which the institution of Washington have threatened not to pay the fee within its competence (approximately half) of 7.2 billion euro, last tranche (with the EU, the IMF continueràa pay rate until the first months of 2016) of the international loan agreed by the previous government in the days of greek Papandreou, who will be paid to Athens once close the agreement on a plan economic reforms.
According to the newspaper of the City’s warning he would come from Poul Thomsen, head of the European department of the IMF, a veteran of the Greek crisis, during the Eurogroup, held last week in Riga. The German Minister of Finance Wolfgang Schaeuble , he denied, because the restructuring would have to pay only the Europeans, not the IMF that the money lent them wants it all back by statute. Indeed it can not lend money if there is no certainty that they will return.
The network of meetings and phone calls
Meanwhile, continuing crossings diplomats. The greek Minister of Finance, Yanis Varoufakis, however, said he did not expect a final agreement between Athens and its creditors at the next Ecofin meeting scheduled for May 11, the eve of a crucial deadline of a credit from the IMF Athens. This was announced by the same Varoufakis in Brussels. “On May 11 – he added the minister, who met with the EU Commissioner for Economic Affairs, Pierre Moscovici – there will certainly be fruitful discussions confirm that the great progress made and will be made a further step towards a final agreement.” What’s worse is that even Schaeuble said he was “skeptical about a deal by Monday, but did not rule it out.” The negotiation is slow, said the German minister, through no fault of the institutions (or creditors), regretting that “has lost so much time.”
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