MILAN – Alexis Tsipras meets the last call of Jean Claude Juncker, and calls for a new rescue plan, the third, for Greece, along with the restructuring of the debt to 180% of GDP strangling any possibility of recovery of the country. The Greek proposal ends up on the table of the Eurogroup, which meets in the conference call in the evening, but the German chancellor, Angela Merkel says no: “First results of the referendum”. It says Juncker possible “unexpected results”, EU sources explained that the extension of the plan is impossible and the IMF attacks: “In no way the Eurogroup can avoid default Athens”. The US president, Barack Obama, asks, however, to continue to treat to achieve a solution. In Syntagma Square, it is the day of favorable agreement. There are about twenty thousand, perhaps more than those who have expressed the day before for no.
The first move was the president of the EU Commission: has made an attempt in extremis to indent the crisis that has suddenly worsened when Tsipras , the greek prime minister, has called a referendum for July 5, calling his people to comment on the proposals agreed between Athens and international creditors. Juncker , after the heartfelt press conference in which he defended the actions of the Community institutions and urged Greeks to vote ‘yes’, has made a late deal in Athens to reach a agreement by midnight today, the expiry of the aid plan. The latter in late February had been extended by four months and now the deadline has come: after midnight today, Athens would not access more than about 16 billion fund. For another, the date also corresponds with the last day because Athens repayments 1.6 billion of payments that must – for the month of June – to the IMF: Greece, confirmed the Minister of Finance, Yanis Varoufakis, will not pay , so it is possible the formal notice by the Fund, although the default real would take effect in about a month. “I’m hoping for an agreement with creditors,” said Varoufakis. Standard & amp; Poor’s, however, decided to cut the rating of Alpha Bank, Eurobank, National Bank of Greece and Piraeus (the biggest Greek banks) to selective default : according to the rating agency, without further external support the failure of banks is “almost a certainty”. A wheel may take a decision on the country.
The call from Juncker, the counter-proposals of Tsipras . The plan of breaking news Juncker spoke Greek and European sources, according to the reconstruction of the newspaper Kathimerini online. The spokesman of the President of the Commission also confirmed that the offer came from breaking news with a phone call to Tsipras yesterday evening, specifying that the Commission has indicated to the Greeks that “will provide all resources available” to support economic growth. In the Community budget, there are 35 billion. At first, the newspaper reported the Greek refusal to the new mediation, so that a government spokesman reported that “Alexis Tsipras will vote ‘no’ on Sunday.” But later it showed a rethinking of that Tsipras, who evaluated the offer and responded with a counter-proposal.
In the letter to EU leaders , Tsipras has called for an agreement two years with the ESM ( European Stability Mechanism , the bailout fund that has been active in Cyprus or the restructuring of Spanish banks) to cover the financial needs and in the meantime the Greek debt restructuring. This would cover about thirty billion of maturities between 2015 and 2017; in anticipation of the new mechanism, in addition, it should be extended by a few days the current program. “The government greek”, Athens has stated in a statement, “he remains at the negotiating table and continue to seek a viable solution to stay in the euro.” Activate the ESM, however, it is to endorse stringent clauses in exchange for funds. It remains to understand what economic reforms, the package of creditors, Tsipras is willing to accept in practice, its counter proposal could result in a ‘nothing new’.
Cold anyway Angela Merkel : “Tonight at midnight expires the program, I know no other concrete signs”. Berlin is considered “too late” for an extension of aid, and in any case you have to wait for the referendum result to the third rescue. Referring to MPs, the Chancellor said he “did not expect anything new” in the day; the hawk Wolfgang Schaeuble, “Athens will remain in the euro even with a ‘no’ in the referendum”.
The offer immediately a Eurogroup, debt solutions . According to reconstructions that are filtered by the international agencies, offering Juncker did not provide a fundamental change in the proposals – than the last, published at the weekend – but the promise to convene an emergency Eurogroup to approve the agreement and release an immediate payment to Athens, in order to enable it to repay the IMF with $ 1.6 billion to pay off later today. To receive the funds, Tsipras would have to send a written acceptance of the proposal and engage in campaigning for the ‘yes’ in the referendum, as indeed they have begun to do – to say the least unusual tones – all of the highest representatives of Brussels and the chancelleries of the old continent. The unblocking of the situation would also avoid the expiration of a plan of international aid, which ends precisely today.
The selection of Juncker expects the VAT at 13% for hotels and facilities Tourist – roof This version also proposals to creditors dated June 26 and published by the same Juncker last Sunday -. Always if the offer was accepted, he ricustruito Kathimerini , the finance ministers of the Eurozone would be made available to re-adopt a declaration refers to a commitment already made in 2012, by which take consider a delay in the payment of debt maturities, lower interest rates and the extension of a moratorium on payments to the euro area starting next October.
The reactions abroad. On the outcome of the vote was expressed also Minister Pier Carlo Padoan, who has “utmost respect for the decisions of the government and the Greek people.” The outcome of the consultation does not bother the Prime Minister, Matteo Renzi, that the Sole 24 Ore has made it clear: “Italy is out of the line of fire.” Prime Minister is also a warning to party Tsipras, who recalled: “One thing is to ask flexibility within the rules. Another is to think that the most cunning of all, be that what the rules do not respect them.” Duro also the Spaniard Mariano Rajoy, who demanded the resignation of the leader greek.
The situation in Greece. In the meantime, the situation for ordinary people promises more and more complex. Unemployment remains over 25% and now the Greek press speaks of the possibility of lowering from 60 to 20 euro the daily limit of withdrawals at the counter, while pensioners, who at first had been told that they could withdraw 240 Euros a week, they were informed that now can take only 120 Euros every seven days: the new measure was adopted at the end of a meeting held last night between officials from the Ministry of Finance and representatives of the lenders. To this end, it will open a thousand doors. Meanwhile, reports International report that many pensioners, who were awaiting accreditation of their checks, were today handed. The situation of the banks also looks the ECB, which meets again to update the Executive Program of emergency liquidity, which should not be ‘disconnected’ to the referendum.
No comments:
Post a Comment