Draghi warning, with Grexit in terra incognita – ANSA.it

BRUSSELS – With yet another failure of the negotiations over the weekend and the tense exchange of accusations from Brussels to Athens, the increasingly likely possibility of a ‘Grexit’ has again undermined markets. The immediate halt of the European Central Bank President Mario Draghi: a default by Athens would lead Europe “in terra incognita.” Serves an effort of all to get to “a strong and comprehensive agreement”, but “the ball”, was keen to stress, “he is in the area of ​​Greece.”

The warning Draghi came clear and decisive before the European parliament: if even after the latest reforms of the financial system there are now tools to manage the situation in the short of a ‘Grexit’, “in the medium to long period which would be the consequences for the EU? That we are not able to predict “and” would enter into terra incognita. ” In Milan Stock Exchange it has in fact closed at -2.40%, with the bank even more down, and the return of the spread over 150 points. In Greece today, “the situation is dramatic,” acknowledged the number one Eurotower, but this “is not the responsibility of other eurozone countries and the European institutions,” he countered, reeling off all aid EU-ECB-IMF received from Athens. Hence the appeal to “all actors” to “do the last mile” to reach a “strong and comprehensive agreement with Greece, which produces growth, both socially equitable and financially sustainable.”

And Berlin has again assured will keep Greece in the eurozone. The tension between the institutions and the government greek however skyrocketing, and led the Commission, usually ‘politically correct’, accusing Athens of spreading “misleading information”. And to illustrate the point by point, the proposal of the creditors: “substantial” cut of the objectives of the primary surplus (down to 1% in 2015, 2% in 2016 and 3.5% in 2018), a reform of the pension system with a reduction spending 1% of GDP per year and VAT at 23% but with some exceptions up to 6% for some goods for families. Athens, for its part, held to inform EU sources close to the negotiations, has systematically presented delayed its proposals, consisting of a sheet with a table with figures Xcel generic and already shot down last Monday by the commissioner for economic affairs Pierre Moscovici .

at the end of Sunday afternoon, where for two days waiting for the negotiators of ESM, ECB and IMF, the Greeks have recurred again to Berlaymont with the same sheet, with a difference of 200 million euro. It cuts to the pension expenditure of 71 million, equal to 0.04% of GDP. An attitude or perhaps a negotiating tactic that did not appeal to Brussels that it considered “amateurish”. “We are always ready to negotiate”, has said the spokesman for the EU Commission President Jean-Claude Juncker, “disappointed” by the failure of the discussions. Need for this, said Draghi, a “political decision”. Before showdown scheduled Thursday in Luxembourg Eurogroup. And then, if you do not come to anything done before the EU summit on 25-26 June. On June 30, the time it takes X: expires on EU program and the repayment of loans to the IMF. “Athens – said Draghi – gave his word that he will pay.”