Tuesday, July 7, 2015

Athens wants bridging loan for July – Financieele Dagblad (Registration)

The Greek government is asking its partners in the eurozone for an interim solution to its financial problems for the month of July. At that time, a solution can be found for the longer term. It has a Greek government official declared Tuesday told Reuters.

Euclid Tsakalotos, the Greek finance minister, is welcomed by his European colleagues Jeroen Dijsselbloem and Michel Sapin France.

Reuters

“The proposal by Greek side has to come to an agreement until the end of the month, with the aim meanwhile the large, long-life agreement to expand to, “the official said.

Fruitless discussions

The eurozone finance ministers came together Tuesday to discuss Greece, but the Greeks were no new proposals. The fresh Greek Minister Euclid Tsakalotos left it at an oral explanation.

According to the Belgian Minister Johan Overtveldt was the Eurogroup ‘shocked’ by the apparent lack of urgency. Prime Minister Mark Rutte said on arrival in Brussels, where he will attend the subsequent summit of euro leaders, the Greeks take a big risk to the interests of the Greek people

Merkel left

German Chancellor Angela Merkel stated that the conditions for negotiations with the Greeks still not fulfilled. “We will now hear from Tsipras what he has to say.” She warned that it could take no more weeks, but only a few days.

Eurogroup President Jeroen Dijsselbloem said after the two-hour meeting which Greece until Tuesday or Wednesday will make a formal request for aid from the European bailout fund ESM. That will be a credible package, says Dijsselbloem. The ministers will discuss it on Wednesday by telephone about further.

Myth

Dat the Greek minister now no proposal had with him, according to him, is based on a misunderstanding. Tsakalotos that began yesterday as minister would be wrong in assuming that last week’s application of its predecessor Yanis Vaoufakis was still on the table of the Eurogroup

The summit of heads of government now has no concrete leads for a meeting with Greek Prime Minister Alexis Tsipras. They want to hear from him what he plans after the ‘No’ its population from earlier proposals.

According to Joseph Muscat, Prime Minister of Malta, predicts the absence of a concrete proposal not bode well for the meeting of eurozone leaders.

Grexit

The plans minister Euclid Tsakalotos left in Athens were considered decisive for the question whether a solution is found or it goes up the side of a Grexit. “It’s fifty-fifty,” the Maltese Minister Edward Scicluna for the Eurogroup, “in both cases must be managed properly.”

The German newspaper Süddeutsche Zeitung reported Tuesday or to have recognized the proposals by the Greeks. These would be little different from the plans Sunday in the referendum were rejected by the Greek population. However, the Greek government would like to keep the VAT on the islands and low retirement age should be slower than desired up the creditors.

Despite the lack of Greek proposals showed the French Prime Minister Manuel Valls Tuesday in Paris to know that there is a basis for an agreement and that France does not want to take the risk to let Greece go. Debt relief is not an anathema to France, said the prime minister.

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