– No agreement between Greece and creditors but it continues to treat. L ‘ Eurogroup overtime, convened in a hurry to discuss the request Tsipras to negotiate a third Save , rejects the proposal but is updated to Wednesday morning. He expects a new draft that Athens it would try to send. Meanwhile, the agency Fitch cut its rating greek: “ Default likely.” IMF confirms: “Athens has not paid”.
Laura Reedy
The extraordinary Eurogroup, hastily convened by teleconference to discuss the request for Tsipras of extra time to negotiate a third rescue, rejects the application, but is updated to Wednesday.
New proposal to Athens? – Athens, in fact, he would try to send a new proposal. The dialogue does not stop, even though there have been harsh tones and mutual distrust among the protagonists of the negotiations. From Wednesday, the Greece will officially without an aid program to support it and back to the IMF , unless you get a delayed payment of the 1.7 billion euro . On July 20, then, Athens will have to repay 3.4 billion to the ECB, with government coffers almost empty.
The last offers of Tsipras – Before that, Tsipras wants to negotiate a third floor, which also includes an agreement to cut debt. But Merkel exclude that such negotiations can take place before the referendum on 5 July. The latest offering that Tsipras sent to creditors, looking for a last-minute agreement that scongiurasse the midnight deadline of the aid plan, was far from ‘ latest proposal of mediation of President Jean Claude Juncker . The premier asked, in fact, a new ESM loan for two years and a restructuring of the debt to the fund EFSF. Two requests that break almost two European taboos. For this, the Eurogroup has dismissed after just an hour of comparison. There were not even the time required for an extension of the current plan, they know the ministers.
The proposed Juncker, however, remained within the confines of the current program, to unlock aid still remained, that is, 1.8 billion of the fund EFSF plus 10.9 of the fund for the recapitalization of Greek banks . Money after Tuesday night “will not be available”, he tells the fund led by Klaus Regling.
With the disappearance of the second aid program, the hope of Tsipras is that the EU immediately to open negotiations on the third package, which may bury forever the hated Memorandum related to previous agreements. Merkel, however, slows down the expectations Greek: “Berlin will not consider the possibility of a third bailout for Greece, as proposed by Athens, before the outcome of the referendum next Sunday “.
The chancellor, who has not ever wanted to do neither concessions on debt or discussions on the third package, still leaves the door open: “Of course, not after midnight will cut threads of dialogue , or we would not be the European Union, “he said at a press conference in Berlin. His finance minister, Wolfgang Schaeuble, also reassures the consequences of a possible victory of the ‘no’ in the referendum: “Would not it be a Grexit ” he said, reiterating the line of defense of the euro zone choice Berlin .
Pressing Use – But the pressure on the negotiations is not to one direction. From the US, for example, Obama asked to continue the talks. It is not just words: Treasury Secretary, Jack Lew has called many European colleagues to convince them to open a chink in Athens. We need a compromise, he repeated to all.
The EU, however, does not seem prepared for the moment to leave the Greece . Even Prime Minister Matteo Renzi has heard the phone Tsipras . If it were an agreement before July 5, they know European sources, Athens could also withdraw the referendum or sides in favor, as requested in exchange Juncker delivering its latest offering. Meanwhile Wednesday ‘s Eurogroup expects a new proposal for Athens, and will discuss the plan of reforms in support of the third package he asks. The plan is now being examined by the Commission.
Greece downgraded – Fitch downgraded Greece to “CCC” to “CC”. This was stated by the same rating agency in a statement, noting that a default on the debt in the hands of private creditors at this point is likely. “The breakdown of negotiations between the government greek and its creditors has significantly increased the risk that Greece may not be able to honor its obligations in the coming months, including bonds in the hands of private creditors”, said Fitch, providing a contraction Greece’s economy by 1.5% this year.
IMF: “Athens did not pay” – The payment of Greece, as anticipated by the government of Athens, due not arrived. The official confirmation comes from the IMF, which emphasized that Athens will now receive new loans until they have paid the arrears.
Before you can send, reply to or vote for a comment, you must be register and log in
Registration Login X
Rules for comments
The comments on this page are checked
We encourage you to use respectful language and not offensive, even for the harshest criticism
In particular, during the action of monitoring, we reserve the right to remove comments that:
– are not relevant to the topics covered on the website and in the TV program
– have contained vulgar, obscene or violent
– Let intimidating or defamatory towards people, other people, institutions and religions
– More generally violates the rights of third parties
– Promote illegal activities
– Promote commercial products or services
X
