Greece: Monday ‘D-day to Eurosummit, from Athens pressure on Merkel – AGI – Agenzia Journalistic Italy

23:25 June 20, 2015

(AGI) – Rome, June 20 – Weekends crucial for the fate of Greece in view of the summit of Heads of State and Government of the euro area on Monday ‘in Brussels. In a few hours you will understand ‘if Athens and its creditors to reach an agreement at the last minute to avoid the default greek or you will go’ to a rupture that could result in extreme Greece’s exit from the euro.

While diplomats are working in a race against time, accelerated by the bank run by the Greek citizens that according to unofficial sources have withdrawn about 4 billion euro from their accounts, the finance minister of Athens, Yanis Varoufakis, wrote an article for the German newspaper Frankfurter Allgemeine Zeitung and asks the German Chancellor Angela Merkel to take a “clear decision” so that ‘you get to a “honorable agreement”.

The Merkel can ‘choose to reach an “honorable agreement with a government that rejected the bailout and aspires to a negotiated solution,” says Varoufakis, or “give in to the sirens of his government, that the encourage us to jettison the only government that greek, true to its principles, can ‘keep the people greek on the path of reform. ” In short, and ‘the pressure of Athens on the eve of the table, Greece would be ready to compromise with its creditors if they arrived “significant signs” by Merkel at the summit on Monday’.

“We are all working to help the Government Tsipras,” says Matteo Renzi, but “the European commitment must be accompanied by an effort of true reforms that Athens can ‘and must do.” “We – he said – we want that Greece remains in the euro, and we are doing everything because ‘what’ to occur.
The Greeks must, however, ‘do their part.” The demand comes not only from governments, but also by European institutions, asking the executive to Alexi Tsipras to put on the table new proposals before the summit on Monday ‘. Athens believes the time to have made too many concessions, but according to European sources Greece could obtain an extension of the aid program until September through a transfer of EUR 6 billion from the bailout fund were (ESM).

The voice is not official confirmation, while the greek Minister Alekos Flamburaris has again mentioned various options to save some hundreds of millions of euro, including some measures on age ‘retirement, idea that the government of Athens seems to have accepted. Tsipras, who returned on Saturday from Russia, would gather in the morning a Council of Ministers to discuss the position that Athens ground ‘before the Eurogroup on Monday’ afternoon and then at the table of the leaders in what heralds a long dramatic night.

On the scene ‘Grexit’ intervenes a board member of the ECB, Ewald Nowotony, who in an interview with an Austrian newspaper sottolineaa that any Greek exit from the euro would cost less today than two years ago. “Two years ago there was still a serious danger that the collapse of Greece would have had an impact on other southern European countries. But today
and ‘different,” said Nowotny, according to which the markets look at Greece as a “special case: the cost of a ‘Grexit’ could be significantly lower today than two years ago,” he added.

The Grexit would be “a tragedy” but “I do not think that would be the end of a credible euro,” said the life senator and former prime minister, Mario Monti, in an interview with the BBC. “Prefererirei that Greece remain – Monti continues – but there are limits, they are not to pollute the whole atmosphere of the eurozone and that would encourage others to inappropriate behavior”.
(AGI).