Greece, willing to yield to the EU – The Economist

Greece, willing to yield to the EU – The Economist

The Hellenic country propose an extension of credit, not rescue.

The Minister of Finance of Greece, Yanis Varoufakis. Photo: AP

The Greek government has made an initial attempt to approach the Eurogroup. According to Reuters, the Greek executive request an extension of loans from six months to its European partners. One step that would serve Tsipras to reconvene the Eurogroup Friday and negotiate the terms of the extension, which will apply from 1 March.

The announcement of a request for extension, in line with the proposal made by the European Commission failed to capture the last meeting of the Eurogroup, has also been confirmed by several Greek media.

According to the Greek newspaper To Vima, Greece propose an extension of credit, not salvage program for a period of six months; conditions will also help.

fulfilled the request for extension of loans, the ad would know the same day that the ECB will discuss whether to expand or even cease the provision of emergency liquidity to Greece, through the national central bank of the country.

The finance ministers of the eurozone given until Friday to the Greek Executive to decide whether to ask for a further extension to the current bailout, which expires on February 28, in order to have more time to negotiate a new financial assistance program.

The Greek Prime Minister Alexis Tsipras, said that “the Eurogroup wants to undermine the Greek government” in reference to Athens was willing to sign a statement prepared by the European Commission (that Sunday was in contact with the Greek government), but ultimately, the Eurogroup President changed the text.

No we allow ourselves to be blackmailed

The last two meetings of the 19 ministers in the area of ​​the single currency have ended in failure and total disagreement between Athens and its partners.

“We’re not going to accept the psychological blackmail, “said Alexis Tsipras, Prime Minister of Greece, in an address to the Greek parliament during which he appointed Prokopis Pavlopoulos, former Conservative minister, as a candidate for president by his party.

Greek Prime Minister announced that Parliament will vote social measures in favor of the Greeks from Friday.

These socks go in the opposite of what the country’s creditors demanding way.

Yanis Varoufakis, Greek Finance Minister downplayed the collapse of negotiations with European creditors.

“In Europe we discuss to give a very good solution, an honorable, from an initial disagreement “Varoufakis said.