Athens wants to conclude her nasty compromises with EU, ECB and IMF, but then have to remit these institutes are first prepared Greek debt. If the latter does not happen, the Greek preemier Tsipras refused to cooperate harder measures
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With that message, Tsipras has a number of ministers today sent to Brussels to negotiate further.
At most, longer maturities
Earlier in the day called for the German chief economist Marcel Fratzscher opposite De Financiële Telegraaf already to the Greeks to provide debt relief. In return, the Greek government should implement strong reform measures.
So far the other eurozone countries led by Germany have not been willing to forgive even more Greek debt. The most that can be talked about even longer maturities and lower interest rates. For Thursday there must be something on the table for the euro ministers to talk about.
Debt unsustainable
The banks have written already debts in 2013 and left sitting thick € 100 billion, but Greek debt is still on an unsustainable 175% of GDP.
The IMF also urged for some time on debt write-off and last week not only walked away from negotiations because the Greeks ill will, but also because According to the IMF, the Greeks never come without debt.
No big cuts in pensions
Tsipras now seems prepared to create a bigger budget surplus, but the really big cuts in pensions, Wages and officials he still does not want.
About two weeks the Greeks must repay € 1.6 billion to the IMF, money that is not there. Without agreement on new billions is that the moment Greece goes into default. The ECB may then Greek banks no longer support
Read the opinions of six other experts on the Greek crisis: “It’s 5 in 12 for the Greeks’
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