Tuesday, June 2, 2015

Tsipras has proposed agreement but the EU: “Insufficient progress” – BBC



Milan , June 2, 2015 – 10:45

     
     
 

On Monday night, the Prime Minister of Greece, Alexis Tsipras, has delivered to international creditors a proposed agreement. “We delivered a realistic plan – said Tsipras – to eject Greece from the crisis.” He added, the final decision remains in the hands of European leaders. The Prime Minister of Athens and leader of the radical left Syriza explained that he had made proposals to the European leaders ‘specific, realistic and concrete’ and that he had “already made concessions.” “Negotiations are hard – said – but we are determined.” It might then be the final rush the case greek for months held in abeyance the former troika, committed to addressing with Athens and the main European leaders, the crisis in Athens. Just Monday there was the last summit in Berlin on the dossier organized by Chancellor Angela Merkel, which was attended, among others, the European Central Bank President Mario Draghi. Greece “I believe that a solution is possible,” he said Tuesday morning, the European commissioner for economic affairs Pierre Moscovici in an interview with the radio station France Inter. “There have been serious progress – has confirmed he too – but remains to be done to reach a good agreement.”



The slowdown of the EU

Concepts reaffirmed by the EU itself after the sentences of Tsipras:” There He is still “said a spokesman for the European Commission, but the fact that there is” an exchange of proposals and documents is in itself a good sign. ” The spokesman responsible for economic issues, Annika Breidthardt, then reported that, following the Berlin summit between France, Germany, ECB, IMF and EU, are continuing consultations “at technical and political level”, the first to analyze proposals and documents, the second “to take stock of the negotiations and for an exchange of views. But the progress of the negotiations between the creditors and the Greek authorities on reforms that Athens needs to continue to unlock a new injection of liquidity are still considered “insufficient.” He was the president of the Eurogroup, Jeroen Dijsselbloem, interviewed on Dutch RTL TV, to cool expectations of an agreement at hand. “There has been progress – confirmed Dijsselbloem – but we are still far by the agreement.” The negotiations aim to unleash the aid of the plan by 7.2 billion financial assistance to Greece which has to repay a loan from June 5 to the IMF. Greece would make proposals on pensions during the talks with its international lenders, who now are now considering the merits.

The proposal

According to rumors the proposal submitted by the Greek government to international creditors could expect a primary surplus of 0.8% for the current year and 1.6% for 2016. These figures published by the news Greek Amna, according as the proposal of the greek government, a document of 47 pages, also includes a reform of value-added (VAT) which would include three bands: 6%, 11% and 23%. According to sources in the eurozone, quoted by local media on Wednesday will hold a conference call of the Working Group of the euro, during which he will explain the details of the meeting on Monday between German Chancellor Angela Merkel, French President François Hollande, and representatives of the IMF, Christine Lagarde, the European Commission, Jean-Claude Juncker, and the ECB, Mario Draghi. It will likely be a teleconference of finance ministers of the Sherpas in the euro zone will take on the negotiations.

The Bags

Meanwhile, European stock markets have reacted to rumors Greek in a disorderly and if Tuesday morning had begun to seize the positive signs of the negotiations, after the words of Dijsselbloem have turned negative in all. Milan Stock Exchange, after a swing lasted all day, eventually closed at + 0.60%. In red Frankfurt (-0.9% affected by sales of cars and pharmaceuticals) and Paris (-0.4%).

June 2, 2015 | 10:45

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