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This article was published June 13, 2015 at 9:38.
The last change is the 13 June 2015 at 19:37.
The greek prime minister, Alexis Tsipras made it known that Athens is ready to conclude an ” difficult compromise “with its creditors, even if it means accepting new concessions. This was announced by government sources greek, while Bruxellels an incoming delegation of Athens. “If we get to a sustainable agreement, although it will be a difficult compromise, we are ready to accept the challenge, because it is the only way out of the crisis. But if Europe is still divisions and the continuation of slavery, we will refuse. ”
The negotiations between Greece and creditors this weekend would be “the last attempt,” the EU Commission President, Jean Claude Juncker, to reach an agreement. This was reported Bloomberg, citing a source in the EU, according to which the President of the Commission wants to close the matter “before the reopening of markets» Monday.
They keep the twists on greek debt crisis. Greece and its international creditors “have never been so close to an agreement” and close it is just a matter of political will: it reported a government representative greek, that the distance on the goal of primary surplus in 2015 (0 , 25% of GDP) is so low that unimaginable a break. Negotiating tactic? Party game? Everything is possible in this game of poker between Athens and the troika that has lasted four months.
The Greek Government still maintains the defiance with creditors, even after the temporary exit from the IMF negotiated on greek debt. Athens yesterday leaked that “will not accept more cuts in salaries and pensions,” but points to “a lower primary surplus and debt restructuring.” The traditional “red lines” of the negotiations with Brussels Group, as it is now called the former troika. Negotiations, he said the representative of the greek government, will continue today in Brussels where a Greek delegation will be present but the European Commission has not confirmed.
Perhaps Athens is ready to grant some extra if the Europeans were to reduce to turn, even partially, the mountain of debt. A step, however, that Berlin sees as a smokescreen because at least one hundred members of the CDU could sink it in the vote in the Bundestag. How to Plan B there is always the possibility of an agreement “dirty”, ie not providing definitive few reforms in exchange for as many short loans: a hybrid solution that moves just below the problem.
greek government has formally announced today will advance the new counter-proposals to the European Union and the IMF, with the aim of convincing them to unlock the 7 billion euro frozen since August. Thursday the IMF announced that its negotiators had returned to Washington. But Athens believes that this is just a move to put pressure on the other party.
In this game of poker observers are hoping for an acceleration of negotiations. Only in this way there would be the time frame, already very tight, to finalize the details of the agreement in time for the finance ministers of the Eurogroup can sign in Luxembourg on 18 June. Although the deadline for an agreement is midnight on 30 June.
The new proposals of Athens should address the contentious issues (reform of pensions and VAT on supplies but not for electricity, Do you know Syriza) and be sustainable in terms of the public accounts specifically asked the IMF.
counterproposals developed after the premier greek Alexis Tsipras had convened an urgent meeting yesterday at the Megaro Maximou, the seat of the Greek Government in Athens to discuss with ministers on the latest developments of the crucial negotiations under way with creditors country. The meeting was attended by the leader of the party Anel (partner in the ruling coalition with Syriza) and Defense Minister Panos Kammenos, Vice Premier Yannis Dragasakis, Minister lle Yanis Varoufakis Finance and Economy Minister Giorgos Stathakis.
Meanwhile, the S & amp; P’s lowered its rating on four Greek banks to “CCC” from “CCC +”. This is Alpha Bank, Eurobank Ergasias, National Bank of Greece and Piraeus Bank. S & amp; P’s has simultaneously taken steps to remove the ratings of four banks from CreditWatch with negative implications where they were placed on 30 January.
The downgrade, said the rating agency, it is motivated by the probable default banks in the next 12 months without an agreement with official creditors, which increases the likelihood of capital controls as happened in the case of Cyprus.
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