Tuesday, June 30, 2015

From Juncker offered in extremis to Tsipras, emergency meeting of … – Il Sole 24 Ore

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This article was published June 30, 2015 at 8:46.
The last change is the 30 June 2015 at 17:11.

Last frantic attempts to avoid a rift between Greece and Europe. The greek prime minister, Alexis Tsipras, today unveiled a new proposal to the EU which includes “a two-year agreement with the ESM – the European bailout fund – to cover all its financial needs and, in parallel, a restructuring debt. ” Greece, the note continues, “remains at the negotiating table,” “intends to remain in the euro” and seek “to the end” a feasible solution.

The President of the Eurogroup Dijsselbloem announced via twitter the convening of an extraordinary Eurogroup teleconference to 19 to discuss the latest proposals Greek. The European Commission confirmed that it had received “copy” the new request for aid submitted by Greece; However, the proposal was formally addressed to the Eurogroup and the rescue fund ESM. So is the president of the Eurogroup Jeroen Dijsselbloem answer.

Since Angela Merkel has arrived, however, a very clear answer. “Berlin – Chancellor Angela Merkel said as reported by the German press agency dpa – will not consider the possibility of a third bailout for Greece, as proposed by Athens, before the outcome of the referendum next Sunday” .

Tsipras – which today has heard the phone even Matteo Renzi – asks in the letter sent to Brussels a new rescue program, the third, with an ESM loan “to make payments the external and internal debt “and reiterates its call for a” restructuring and riprofilazione debt, in the spirit of the proposals to be made by the European Commission to ensure that the greek debt becomes sustainable in the long term. ” The wording does not specify whether it is a cut of the nominal value (haircut), on which Brussels is not prepared to make concessions, or a new rescheduling which instead appears feasible. In fact, with this document is the first time that Greece formalizes on paper the request of a “swap”, a restructuring of the public debt.

From the time the Greeks also claim that the Fund bailout Assume the debt currently held by the European Central Bank. This would allow Mario Draghi to involve Greece in operations to support liquidity in the currency area.

The President of the European Commission, Jean-Claude Juncker, last night he made a last attempt to bring Greece to the negotiating table. According to EU sources, Juncker, in a late night phone call with Tsipras, told him to be prepared to convene an emergency Eurogroup today – what later confirmed – that immediately allocate new aid if the Greek prime minister will send a written acceptance of the terms proposed by creditors for the launch of a new aid plan. Juncker was also promised a rescheduling of debt if Athens to win the referendum, yes, that enshrine the permanence of the country in the euro.



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