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Video Tgcom24 – Economy
The Greek government has not yet submitted a plan, but called for a bridging loan of 7 billion to avoid default. The new Minister of Finance greek: “They want to give us a new chance.” Merkel: “Situation grave and uncertain”
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– After “No” of Greece to referendum , the ‘ Eurozone back to the table with Athens , but with suspicion and distrust. You try all out to keep the euro, but do not want to give too much to the premier Tsipras who arrived in Brussels without a concrete plan. Meanwhile, a new summit will be held Sunday, with all 28 Member States. “We have only five days to an agreement”, said the president of the EU consglio Donald Tusk.
“The situation is very critical, we can not rule gloomy scenarios, no agreement Sunday means consequences for everyone so we have to discuss Sunday at 28, not only the eurozone, “said Tusk, explaining that” we have to consult on any humanitarian aid if needed. ” “Everyone has the responsibility to find a solution”, otherwise the consequences include “the failure of Greece and its banks.”
Among the proposals “fanciful” put on the table by the greek prime minister is a “loan bridge “of 7 billion to make ends meet by welding debts with IMF and ECB, and then negotiate calmly third program. On this, however, it’s not the first Eurogroup, waiting instead in the coming hours a formal request for aid to the ESM to be able to evaluate.
“Our government is following the popular mandate for a sustainable solution that will put an end” to the question Grexit, said Premier greek Alexis Tsipras at the end of the summit. “I made a proposal to the Eurogroup and all’Eurosummit” he added. “All my colleagues understand that this is not a problem only of Greece, but the EU, which has to be solved.”
Angela Merkel does not see immediate solutions. The procedure for applying for aid is complex, because Athens has to agree on the list of reforms before seeing the outlay, she needs by 20 July to avoid default. “Tonight many around the table said a haircut debt greek not take place because that is prohibited in the eurozone,” said German Chancellor. “The situation is quite serious and uncertain,” he added. “We’ll see Sunday, the challenge will be to see if there are the conditions to open negotiations, Tsipras promised by Thursday a detailed plan.” Meanwhile, “Draghi provides liquidity to Greek banks until Sunday.”
“If by Sunday there will be an agreement on a new aid program for Greece will go towards Grexit with an accompanying program” and humanitarian aid : “there is no third option,” is instead the comments of French President Francois Hollande .
“It all depends on Tsipras,” warns the president of the European Commission Jean-Claude Juncker , which continues to mediate to avoid Grexit. “I do not exclude any hypothesis,” to the point that “we prepared a scenario of Grexit the EU Commission, as well as a humanitarian aid, but the one I prefer is a scenario to keep Greece in the euro”, tells at the end of ‘ Eurosummit. But now the word is to the leaders, increasingly unnerved by continuous meetings inconclusive.
According to the premier Matteo Renzi “with a little ‘goodwill agreement” on Greece You can find. Must “use this time to get to close a deal by Sunday,” said the Italian premier after ell’eurosummit. Than the last time I do not think there are conditions for talking “strategically debt” of Greece. The “climate does not seem to be improved after the referendum. Tsipras has all interest in making a proposal for common sense”. Some colleagues “were tighter than last time,” he added.
The Belgian premier Charles Michel speak of a “form of fatigue in the face of a government that continues to postpone time to assume its responsibilities. ” Also Tuesday Tsipras failed to submit a plan of reforms, and therefore “no basis for negotiations,” said Merkel.
“Let’s start on the wrong foot,” said the premier Maltese Joseph Muscat , convinced that the Greeks would take “some form of proposal that reflected the urgency” of the situation. Instead, the new Minister of Economy, Euclid Tsakalotos , said that will send a day late. “There is a political will to give us another chance,” he added.
The greek trust between the government and its partners in the euro zone is at historic lows. Before you see any progress, Tsipras – who will speak at the European Parliament in Strasbourg in the morning – will reconnect with colleagues and demonstrate its willingness to cooperate, explain European sources. Only then can find a way out of the crisis, which is not easy, but “where there is will there is opportunity,” is the mantra of the European Commission, “determined to find an agreement,” Juncker reiterated.
The Eurozone is interested in finding a solution for Use the pressure is getting stronger : “Negotiations are complicated. But to reach an agreement have to be constructive. The Success is in the interest of all “, is the new appeal of White House all’Eurosummit.
While you await the proposals of the greek prime minister, the Eurogroup evidence to indicate a path and remember the steps to have access to aid. The Minister of Economy Pier Carlo Padoan remember that a lot depends on what the Greeks will offer in return: “We suggested that for the credibility of the proposals” there is a “precise definition of ‘priority actions’ or even better if the Parliament in the coming hours could adopt the reforms “.
Measures implemented in a short time would give a sign of good will and determination. At that point, the Eurogroup could trigger a very rapid procedure for granting aid, in time to unlock them on July 20. Among the obstacles to such a path, which does not admit delay, the debt issue: if countries do not give a concrete opening, the process could run aground.
“The ball is now in the government greek , who on Sunday will present its proposals: if they are deemed acceptable, you will find understanding, as I believe and hope, “said Renzi leaving the Eurosummit.
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