Greek Prime Minister Alexis Tsipras has met in Brussels to conclude a fair compromise with its creditors. “We owe it to the people of Europe,” he said on arrival in Brussels. The leaders of the Eurozone talk for the second time this week on the Greek crisis and the possible departure of the country from the euro zone.
“If anyone wants to, we can reach an agreement,” the Greek leader, as always without a tie.
EU summit was canceled
De President of the European Council, Donald Tusk, said that the leaders will continue “until we finish the work.” After consulting with Jeroen Dijsselbloem has decided that a meeting of all 28 EU leaders, that Sunday night after the Euro area summit would take place, falls through. The Pool is tops for both, although his country is not a member of the eurozone.
The nineteen euro countries are fiercely divided on the approach to the Greek crisis. Prime Minister Mark Rutte did not comment on arrival about Greek plans because the Eurogroup discussing yet. But he did not rule out that the Dutch Government is in agreement with a support program like the Greeks define themselves in a verifiable manner ‘all necessary measures’.
Grexit
The Pole had the full European Council last week explicitly placed under the sign of a Grexit scenario. If the eurozone does not come out, the drastic consequences of a Greek exit from the euro zone would have to be discussed with all EU leaders.
According to an EU diplomat, the cancellation can not be interpreted as a sign that a Grexit now so is the job again. Tusk and Dijsselbloem will apparently assume that the Euro area summit could take until late in the evening. He would be the other leaders do not want to wait all that time. The top of the consequences of a Grexit would take place later in the week.
Package of € 74 bn
The euro countries can not agree on the loan package of € 74 billion to the country for the third time in five years should be saved. The nineteen finance ministers sit since Sunday 11:00 again together, after a first session of nearly nine hours on Saturday, had yielded no result.
The Slovak Minister Peter Kazimir eight an agreement still not possible, he said Sunday. “We can only do certain recommendations to the Government.
Temporary ‘Grexit
The concert was suspended just before midnight, after it appeared that the Finnish Minister Alex Stubb has no negotiation. But he is far from the only one who has big problems with the plan. Stubb expressed his Sunday something smoother. “In the EU should always be willing to compromise.
Germany has put pressure on the negotiations by making a plan to circulate which the Greeks offered the choice between a much more rigorous reform program and forced sale of state property or a ‘temporary’ departure from the euro zone with the offer to reduce debt
Catastrophe
This proposal has aroused the resentment of the Italian Prime Minister Matteo Renzi. He called on Greece to Berlin not further humiliate. “Italy does not want Greece leaving the euro,” he told Il Messaggero, “against Germany, I say it is enough.
The Luxembourg Foreign Minister, Jean Asselborn, Germany also warned not to exacerbate the conflict. If Germany is pushing for a Grexit, it provokes a profound conflict with France. That would be a catastrophe for Europe, says the Luxemburger.
Relay
The intention is that the eurozone countries this weekend to give the green light to the European Commission, the ECB and the IMF to start negotiations. If it fails, the Eurogroup, they give the baton to the Government. If this is not true, seems a Greek exit from the euro zone is inevitable.
Some countries have no confidence in the readiness of the Greek government to now make tough reform and austerity measures, while a week ago, advised people to vote against.
they really want this?
According to an opinion from the European Commission, ECB and IMF Greece would the next three years € 74 billion need in loans, of which alone € 25 billion to restructure the banks. For the Greek referendum and the closure of banks, there was still talk of € 15 billion.
Also, Slovakia and Estonia even big problems. VVD state secretary Eric Wiebes, German Minister Wolfgang Schaeuble and ministers from the Baltic republics, according to diplomats also critical, but they would not block a negotiating mandate.
Trust
” Credibility, trust and a number of financial issues are the most important issues, “said Dijsselbloem. “Will the Greek government this really? We are talking about a proposal less than a week ago on the advice of the Greek government itself massively voted out, “Wiebe said on arrival in Brussels. According to Schäuble, the Greeks have done everything to undermine confidence. “
The Eurogroup therefore calls upon the Greek government to before the granting of a mandate some late pass laws in parliament. Pension Reform, streamline the tax and liberalization of closed professions are at the top.
Positive verdict
The European Commission, ECB and IMF had sat given a positive opinion on the proposals made by the Greek government on the economy rails get and qualify for a new aid package.
They find that the negotiations on Greek aid request to begin, because the risks to financial stability in Greece and the Eurozone are otherwise uncontrollable.
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