“We will reach an agreement this week” – The Standard

At 19 pm Monday night had to come to an agreement at an EU Summit. Even before the start it was clear that it would not succeed. Nevertheless, the Eurogroup President Jeroen Dijsselbloem and European Commission President Jean-Claude Juncker optimistic an agreement later this week is still possible.

“We have asked to work closely with the Greek authorities to go through all the details and make the necessary calculations” gave Eurogroup chairman Jeroen Dijsselbloem after the meeting with Eurogroup on Monday afternoon. But if everything goes the Euro Group meet again later this week well, and is an agreement or possible.

“I’m assuming that this week we will reach an agreement with Greece,” also said Jean- Claude Juncker. “That will not be easy, but we’re working day and night.”

The proposal that the Prime Minister Alexis Tsipras set you up this weekend was initially well received. Greece seemed willing to make concessions to satisfy the creditors. But the proposal was amended in the course of the day, and the European Commission, the ECB and the IMF had little time to discuss the details. They could Eurogroup therefore only give a first impression of the proposal.

“Too few new

The German Finance Minister Wolfgang Schaeuble tempered all immediately before the start of the expectations. He saw little new information even to prepare the meeting of the Eurogroup afternoon. That cranked also the rumor mill that the summit of European leaders tonight will not provide a real solution

Also, our Finance Minister Johan Van Overtveldt seemed unconvinced “The position of the euro group remains the same.: The current program is the touchstone. If the Greeks new proposals, we must consider whether it is fit in the program or not. We have seen nothing official. “

A few days

German Chancellor Angela Merkel did not go into detail on the proposal, but said however, that there is still some margin is in the field of timing. That she seems to pave the way for longer conversations. She says that the meeting tonight therefore a more ‘consultative’ character can get.

Working longer, higher VAT

The outlines are Monday through a spokesman the Greek government had already made public, says Reuters. For example, the retirement age to 67 years and exceptions aligned. A second important pillar is the VAT. There will most products increased to 23 percent. Energy and food will be subject to 13 percent VAT and medicines and books 6 percent.

Intervention

Until the last moment there seems still planed to to the proposal. This morning went a customized version for those involved. And the agenda vanTsipras suggests that there may well follow some adjustments. This morning he met with the President of the European Commission, Jean-Claude Juncker and IMF Christine Lagarde topvrouw. Then he was also in contact with a representative of ECB chief Mario Draghi and Eurogroup chairman Jeroen Dijsselbloem. Just before the meeting of European leaders Tsipras pushes one last time at European Minister Tusk.

Bankrun

In the afternoon came the ECB all together to examine the situation of Greek banks. Over the past week, citizens massively plundered their savings accounts to hoard the money home. They fear that a Greek exit would greatly reduce the value of their savings. But this brings the bank run banks in trouble. As expected, the emergency lending to Greek banks were again opgetrokken.Dat happened the past few days on several occasions. Tuesday reflecting the ECB on a new increase, which in the absence of a solution more than likely to be needed again.