Sunday, June 14, 2015

Greece, the last negotiation fails. Athens to creditors: do not cut … – The Republic

MILAN – No agreement between Greece and its creditors and the parties remain far apart. Today is also the last failed before the Eurogroup meeting of 18 June and one more stop to the negotiations leaves the field harsh statements and bright tones. On the one hand, the Greek Prime Minister Alexis Tsipras insists that it will accept only “arrangements sustainable” and judge those creditors “irrational demands”. His right arm, the Finance Minister, Yanis Varoufakis, echoes: “will not touch pensions.” Other government sources have confirmed that you do not cut wages and pensions will not be, added taxes on basic services such as electricity supply, thus implying that some kind of hypothesis has been put forward by the EU, IMF and ECB.

Tsipras would accept a cut in wages and pensions limited to the upper reaches of income, but to keep away the parts are also the primary surplus targets for the coming years: institutions apply the 1% of GDP for this year, 2% for 2016 and 3% for 2017 and 3.5% from 2018. The last offers of Athens was 0.75% per year, and 1.75% for 2016 .

On the other hand, Germany, as evidenced by the outcome of the meeting in Brussels, does not seem ready to accept any compromise. While Chancellor Angela Merkel chooses the path of silence, the number two in the Berlin government, Sigmar Gabriel attacks: “Germany will not be blackmailed, we want to help Greece to stay in the euro, but it is only time that begins fail, all of Europe is losing patience “.

The position of vice chancellor Minister of Economy, and number one of the Social Democratic Party, it sounds like a dangerous alarm bell for Athens, because Gabriel has always played the role of the dove against Greece. It ‘clear, however, that time is running out for the government Tsipras: “Although some progress has been made, the negotiations did not succeed, since it is a significant distance between the planes of the Greek authorities and requests the Commission, ECB and IMF “said the spokesman for the EU executive Annika Breidthardt explaining that” further discussions will have to find space Eurogroup “of 18 June. Without a solution in that time, Athens would face a quick default.

According explains Breidthardt, spokesperson for EU Economic and Financial Affairs, the distance is significant “in the order of 0, 5-1% of GDP, or the equivalent of two billion euro, of permanent fiscal measures on an annual basis. In addition, the Greek proposal remains incomplete. ” The EU Commission President, Jean Claude Juncker, finds himself in the middle and continues to have a cautious optimism: “An agreement by the end of the month – said today in negotiations failed – remains possible.”

Arguments:
Greece crisis
Greek crisis
Government Tsipras
Starring:
Alexis Tsipras
Yanis Varoufakis
Sigmar Gabriel

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