After the big “No” of Greece to the European offers, the Eurozone lies at the table with Athens but full of suspicion and mistrust. The door remains open, no one is willing to take the chance to push out of the euro, but at the same time no one is going to do too many concessions to Tsipras, who comes to Brussels without a plan but with demands “creative” wants a “bridge loan” of 7 billion to make ends meet by welding debts with IMF and ECB, and then negotiate calmly third program.
Europe starts the countdown for Greece: five days to reach an agreement, or a new summit Sunday, this time at 28, put the seal under its bankruptcy. The Eurosummit the post-referendum does not close the door in Athens but uses very harsh tone, and gives deadlines’ Definitive greek government, which sees both rejected his request for bridge financing that debt relief.
The partners of the euro area do not trust most of Tsipras and dictate the agenda: by Thursday will present new proposals for reforms, detailed and to be implemented immediately, that will be evaluated by the former Troika and Sunday from a new Eurosummit . But in addition to a summit of the 19, there will be a meeting at 28, because Greece has now come to an end and if there will be an agreement is necessary to assess the consequences for the entire EU, and also to launch a humanitarian aid plan for support the Greeks they will face the collapse of the banks. Until Sunday, we think the ECB to keep them afloat, but only after an agreement with the EU will be able to save them. “I never talked about deadlines but today I say that we have only five days to find the final agreement, everyone has the responsibility to find a solution”, otherwise the consequences include “the failure of Greece and its banks,” warned the president European Council Donald Tusk.
At this point, the leaders no longer accept to be dictated by the times Tsipras, especially because “after Sunday’s referendum the position of Prime Minister Alexis Tsipras greek perhaps strengthened but the freedom of maneuver of the other 18 Member States was reduced, “said Chancellor Angela Merkel. Ie: you can no longer give credit to the Prime Minister that time and has’ betrayed their trust by calling a referendum surprise. The leaders are hard and have decided to launch the real ultimatum: The ‘climate does not seem to be improved after the referendum, said Prime Minister Matteo Renzi explaining that some colleagues “were tighter than last time”.
But the moves are willing to wait a few more days and to consider their request for new aid. But there will be no solution ‘Buffer serves before a “long-term perspective, and when this will be defined then can we talk about the short term”, said Merkel. Tomorrow, then, the Greeks will have to submit an official letter in which ask for financial assistance to the ESM, which will be assessed by a Eurogroup telephone. The detailed list of reforms should instead arrive by Thursday, but must contain something more than the last offer of the creditors, said Merkel.
In practice it would be considered a gesture of good will if the Parliament were to adopt greek in the next few days the first steps, as explained by the Minister of Economy Pier Carlo Padoan at the end of the Eurogroup today that it has upgraded to tomorrow and that will most likely be met again Saturday to evaluate the proposals before the Greek leader. “The situation is quite serious and uncertain”, summarizes Merkel, explaining that “the challenge will be to see if there are the conditions to open negotiations”. “Sunday will be the final decision and I can not rule out any hypothesis,” said Commission Chairman Jean Claude Juncker, explaining that the Commission has prepared three scenarios: the Grexit, a humanitarian aid plan and agreement. “What I like best is the third course”, he clarified.
Also in debt, that Tsipras continues to put on the table, the closure is clear: “Tonight many around the table said a haircut greek debt will not take place because this is forbidden in the euro area “, said Merkel who still has postponed the discussion at a later time. “Before talking about a debt restructuring, we see that that Greece can do”, he added. The Greek issue not only affects the Eurozone. Barack Obama, after speaking with Tsipras, called Chancellor Merkel to express the US position: Greece must stay in the eurozone, said the president. But not everyone in Europe, today, think so.
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