The premier greek state television said that the agreement is “the result of a very strong pressure on a country and its people.” In particular, he said the leader of Syriza, “the way it’s been since the referendum does not honor the values of Europe.” And then assured: “I caliamo salaries nor pensions, albeit indirectly through taxes on the increase in VAT is a cut in pensions.”
Meanwhile, the International Monetary Fund (IMF ) could not join the new bailout of Greece. This is shown by a three-page memo – obtained by the Financial Times – the IMF sent to the authorities of the EU. Memo, which speaks of a greek debt skyrocketing and rising too fast, as well as targets in terms of the primary surplus that Athens will never reach. In the three-page memo – explains the Ft – Fund explains that the recent turmoil in the Greek economy in Athens will bring the debt to almost 200% of the GDP over the next two years, while at the beginning of the crisis’ Eurozone was at 127%. The IMF argued then that only through a vast plan of aid, much larger than that proposed by Europe, the greek debt could fall to more sustainable levels that would allow Athens to return to market financing. Therefore “through measures – it says – that go far beyond those that Europe so far has declared its willingness to consider.” Besides the rules of the IMF prevent him from participating in bailouts of countries whose debt is considered unsustainable and with no prospect of return to the market. He did it in the past, but does not seek anymore. The Fund – still write the Ft – then Europe suggests several options, including an exceptional extension of the plan of repayment of the debts of Athens with a “grace period” for another 30 years the entire stock of debt greek, worth runs until 2053. Alternatively creditors eurozone should ensure annual transfers on Greece’s budget or predict a deep cut debt.
Wednesday, July 15, 2015, 08:15 – Last Updated: 09:20
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