International
Sunday February 1, 2015
Baja confrontation
Yanis Varufakis and Michel Sapin in a meeting in Paris
Paris – Greek Finance Minister Yanis Varufakis reduced in Paris tone of confrontation with European partners to ensure that their intention is to negotiate a “new contract” with all the institutions that form the troika, thanks to which his country will cease to cost them both to the rest of Europe.
“There is negotiating against each other” and especially not oppose Northern Europe with the South, but to get all “on the same side of the table” for agree “a new contract” because the current Greek rescue plan “costs too much to Europe,” said Varufakis after meeting with his French counterpart, Michel Sapin.
It justified its rejection of the troika of international creditors because he said that from his point of view, is “a group of technocrats” who go to Greece just to monitor this or that point in a program Rescue has wronged the country, and also has no mandate to negotiate.
indicated that who wants to speak is with the institutions that make up the troika: the European Central Bank (ECB), the European Commission and the International Monetary Fund (IMF) , and hopes to meet with their leaders in the coming days.
also added that will travel to European capitals, including quoted Berlin, Helsinki and Madrid , referring to three countries that have strongly protested against a new removes Greece.
Indeed, on the issue of debt, recognized that the private sector and proceeded to a partial remission, which in his view was “excessive and too late”.
The problem, according to his analysis, is not that creditors give Greece an insufficient amount of money, but with an ill-conceived rescue program that money was lost in a bottomless pit and his country was acting “like a drug addict” who only thinks of the next dose, in this case in the next package of foreign aid.
“We want to reduce losses for our members,” argued the Greek Minister to justify a workout on which did not give many details, beyond the known position that wants the Refunds are linked to the economic growth of their country.
In his speech, framed program revision rescue of Greece in a much broader rethinking of European economic priorities, with greater emphasis on investment, which in his opinion are those that allow reactivate economy and a Review the plan of 315,000 million euros President of the European Commission, Jean-Claude Juncker, for insufficient .
Varufakis called “time to formulate proposals” European partners, which will cover the debt, but also to other issues such as “humanitarian situation,” he said to need a month or six weeks .
As for reasons due to some issues there is a deadline is June, said it would be nice to dialogue with other countries and financial institutions allowed to reach a engagement, “which will be beneficial for all”, by the end of May .
Sapin strove to present their country as facilitator and mediator between Greece and other European partners, made clear in any case that “France rules out debt cancellation, which would be a way to shift the burden Greek contributor to European taxpayers. ”
“The debt is an issue among others,” said the French minister to relax the tension on this issue. Thus, that other issues should be included in the “new contract between Greece and its partners,” which in any case will have to draw “with respect for the rules of Europe” but also including reforms “that are indispensable”.
And as the troika, French Finance Minister acknowledged that the current government of the leftist SYRIZA, but also for conservative that preceded it, “is an extremely negative element” must be taken into account.
But then he added that the ECB, the IMF and the European Commission will continue there and “dialogue with these three institutions will endure”.
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