Greece, you try agreement. EU and ECB working on restructuring … – BBC

Negotiation

Milan , June 18, 2015 – 24:35

     
     
 

The EU Commission and the ECB would be working on the draft of a possible statement by the debt restructuring if Greece will make an agreement with the creditors. The reports Kathimerini. This is a potential turning point in the negotiations. The intention would be to include in the agreement a case of debt restructuring. The changes would include, according to the same source, possible capital controls in Greece if the hypothesis of a Grexit were to take over the field in the coming days. Meanwhile, the Italian Minister of Economy, Pier Carlo Padoan, entering at the annual meeting of the board of the ESM, the bailout fund, responded “no” when asked if he was worried about the Greek situation.

The EU Commissioner for Economic Affairs Pierre Moscovici hopes that, even though in today’s summit of the Euro will not be agreed between Greece and creditors, we can still come close to an agreement. “Today’s meeting may not be decisive, we all know, but it must be useful. It must be a meeting that opens the way to a solution, if we can find today. We must try, we try, “he said Moscovici arriving in Luxembourg for the summit. The eurocommissario explained that reforms are still needed for Greece on budget, pensions and taxes. “The ball is clearly in the camp of the Greek authorities. We are waiting for proposals from them, “he said.

On Greece it intervened again even the German Chancellor, Angela Merkel, according to which it is still possible for Greece to reach an agreement with its creditors, the Union European Union, the International Monetary Fund and the European Central Bank. The efforts of Germany – said Merkel in a speech to the German parliament – are directed to keep the eurozone Greece, but Athens’ should definitely implement the reforms. I still think – said Merkel – where there’s a will there’s a chance. ” “If political leaders in Greece – he added – show this will, an agreement with the three institutions is still possible.” Merkel stressed that Greece was on a good path but there has not been completed and that unfortunately the structural reforms in the country have been postponed. Germany – he explained – was guided by the principle of European solidarity in exchange for economic reforms “crucial.” Chancellor led the successful examples of Ireland, Spain and Portugal, countries that are now walking on his own legs. “We want to – he concluded – that the greek people, such as Ireland, Spain, Portugal and Cyprus, has a chance for a better future.”

June 18, 2015 | 12:35

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