Thursday, February 5, 2015

Greece asks bridge program to negotiate with European partners – Chicago Tribune

Greece asks bridge program to negotiate with European partners – Chicago Tribune

February 5, 2015, 10:56 am Berlin, February 5 (PL) The Greek Finance Minister Yanis Varufakis requested in this capital grant program bridge until late May to agree with European partners a solution to the debt crisis.

 At a press conference after a meeting with his German counterpart, Wolfgang SchÃñuble, the Greek owner said his country requires an opportunity to show their proposals to the European bloc.

According to Varufakis, whose government seeks to restructure a debt considered unsustainable, it is true that European partners have too much money to Greece, but for a wrong purpose, as it has been to increase the same debit card.

In the last leg of a tour that also took him to Italy, France and the UK, Varufakis asked the Germans to trust that the new Greek government will make reasonable offers will not perform tactical maneuvers and engaged with efficient macroeconomic reforms.

However, true to the position shown by the German executive require Greece to continue with austerity policies, SchÃñuble highlighted the strong differences shown in the meeting.

For the host minister, discussions on Greek debt must be made with creditors Troika, which brings together the European Commission, the European Central Bank and the International Monetary Fund, which opposed the idea of ​​a change of interlocutor, as requested by Athens.

They should continue to negotiate with the three institutions, that is part of the agreed support plans, recalled in reference to the bailout of 240 billion euros granted to Greece since 2011, in exchange for which the State has had to implement deep cuts and savings policies.

According SchÃñuble could not help expressing his counterpart skepticism about some measures announced by the new Greek cabinet, considering that not necessarily going in the right direction.

Still no actually we agree on what we have to do now, but we agree that we disagree, he said.

But Varufakis became even more evident these discrepancies in stating that, in his opinion, even They agreed on the failure to agree.

He explained that in his meeting with SchÃñuble not address nor the possibility of a remission of debt or the timing of an eventual restructuring, because the goal the meeting was to discuss the basis for an approach to end a crisis that seems endless. mgt / mar

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