Tuesday, July 7, 2015

Tsipras and new Minister to Brussels: there is trust? – Elsevier

                 Tom
                         by
                             Tom Reijner
                         
                     

                 
 
                 

                 Greek Prime Minister Alexis Tsipras travels Tuesday to Brussels to confer with his colleagues from the eurozone. He does this with the new Minister of Finance, Euclid Tsakalotos, the successor Monday stepped up Yanis Varoufakis.
             

Does he convince leaders like German Chancellor Angela Merkel and French President Francois Hollande?

Financial distress

The banks remain closed, and extra emergency aid from the European Central Bank does not. The financial distress in Greece is increasing. Tsipras must move now, he wants his country does not see further slippage.

Because if he does not succeed in the short term Greece is really no money. Merkel warned yesterday that the southern Europeans time being no need to rely on new loans of the euro countries.

It is waiting for “solid and credible” proposals of Athens, Hollande said. He argued yesterday with German Chancellor discuss what to do now that the Greek electorate had voted in a referendum against the proposals of the international lenders.



Fluttering Story

Later today’s crisis meeting continues, as other EU leaders come to Brussels. According to Prime Minister Mark Rutte (VVD), the Greeks do not have a ‘trashy story come. Greece can remain in the eurozone? That depends, according to Eurogroup chairman Jeroen Dijsselbloem and also Labour finance minister entirely on what the country says the meetings of the Eurogroup and European leaders.

It should appear today or a “reboot” of the European support for the Greeks is possible. But, according Dijsselbloem only if the Greeks really started working on reforms and cuts. If the broken trust is not restored, then the probability of a Greek exit grows out of the eurozone -. A so-called Grexit

In recent months, chilled relations between Greece and the other euro countries, because promises were not fulfilled and Finance Minister Yanis Varoufakis chagrin called on his colleagues. He has been replaced by the Euclid Tsakalotos born in the Netherlands (55), who, like Varoufakis had an academic career, and a member of the leftist ruling party Syriza

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