Friday, January 30, 2015

Greece does not recognize the troika nor according to his rescue – La Crónica de Hoy

Greece does not recognize the troika nor according to his rescue – La Crónica de Hoy


 The new Greek government yesterday hardened its stance towards the troika (European Commission, International Monetary Fund and European Central Bank), and informed by his finance minister, Yanis Varufakis, Athens does not recognize this group of creditors as interlocutor in the negotiations on the bailout program nor the bailout agreement.

“We have no intention of working with a committee that has no reason to exist, even from the perspective of the European Parliament,” said Varufakis in a joint appearance with Eurogroup chairman Jeroen Dijsselbloem, who is on an official visit to Athens. Likewise, the Greek official said choose to speak directly with eurozone leaders to try to cancel more than half of the Greek debt, which amounts to 175 percent of gross domestic product (GDP).

“I recall that this government was elected on a platform that does not support the current design of rescue or that the debt can be paid,” said Varufakis, adding that his intention is to cooperate fully with the European partners.

“We will try to convince all our partners in Finland or in other countries that we must find a solution to the common European interest,” he said.

EURO GROUP. Meanwhile, Dijsselbloem, taking the floor, said the Greek rescue program “runs until the end of February,” and stressed that “before then decide what will be done. No conclusion yet. “

On the possible creation of a conference on the debt, an issue that Varufakis explained the leader of the Eurogroup, it showed sharp. “This conference already exists and is called Eurogroup,” he said.

Dijsselbloem said the Eurogroup “is committed to support Greece on condition that Athens honor its promises (and commitments).”

“The problems of the Greek economy did not disappear with the elections,” he stressed also Dutch Finance Minister.

“The Greeks have been through a lot in recent years, there have been many developments and It is important not to lose, “he said.

UNILATERAL. Dijsselbloem stressed that Greece and the Eurogroup have a “mutual interest in the future recovery of the Greek economy in the eurozone” and warned Athens not act unilaterally in its efforts to renegotiate their rescue.

Greece will run out of funds in late February, but Varoufakis said no plans to extend the rescue.

The Greek government faced a deep budget cuts ransom by 270 billion d’ñolares, agreed with the “troika” in 2010. Greece must pay about 22 thousand 500 million dollars this year, according to the Dutch Ministry of Finance.

EURO. Moreover, the Greek Finance Minister Giorgos Stathakis, said in an interview with the German magazine “Der Spiegel” that the intention of Athens, “no doubt” is continuing in the euro zone and stressed that his goal is to renegotiate the Rescue with European partners, not with the troika of creditors.

 


 Warning

 


 Berlin is “difficult to blackmail”: German finance minister

After knowing the position of the Greek government to seek renegotiation of its debt and ignore the troika as a legal entity in the economic crisis in Athens yesterday German Finance Minister Wolfgang Schaeuble warned the administration of the Greek premier, Alexis Tsipras, that commitments should be kept especially if you want to continue receiving aid from the ransom and that Berlin is “difficult to blackmail”.

Speaking at an event organized by insurers, the Finance Minister and strong man of German Chancellor Angela Merkel on economic, stressed that “trust” and “reliability” are “the foundation for the continuity of the European solidarity “.

” On this there is little to debate with us and also we are hard to blackmail, “Schäuble said.

The minister said that if all parties maintain I agreed, Berlin is “willing to solidarity”, but “only under these conditions and nowhere else.”

Schäuble said willing to talk to Athens under these premises and recalled that the Greek government Tsipras do not have much time to negotiate, because the bailout program ends in February.

In this direction also spoke Finance Ministry spokesman Martin Jäger, in a meeting with media in which ruled again a haircut on Greek debt and warned Athens that if you want to extend aid rescue program, should show a “clear willingness” to continue with structural reforms agreed.

The “reality “continued Jäger, is that in late February concludes the Greek aid program and that the troika (European Commission, European Central Bank and International Monetary Fund) to check that the conditions exist to approve an extension.

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