Friday, February 20, 2015

New ‘face to face’ between Greece and the Eurozone – Portafolio.co

New 'face to face' between Greece and the Eurozone – Portafolio.co

Without an agreement, Greece is in danger of being r & aacute; quickly bounced and doomed to exit the euro zone

U na prospect that worries especially the United States, where a senior Treasury official warned & oacute; against possible & quot;. boom uncertainty & quot ;, before this decisive Eurogroup

This MEETING & oacute; n finance ministers of the Eurozone, the third in less than ten d & iacute; as, should lead to an agreement on the extension & oacute;. n the program for Greece, which expires on February 28

Greece wants to spend p & aacute; gina austerity. But Germany, with the inflexibility that embodies his finance minister, conservative Wolfgang Sch & otilde; uble requires that Athens continue cleaning up their finances p & uacute; Republics and structural reforms demanded in exchange for two schemes to support amounting to 240,000 million euros

Berl & iacute;. n est & aacute not; alone, has the backing of Finland and pa & iacute; ses b & aacute; Baltics north of Espa & ntilde; and Portugal south

The Portuguese Finance Minister Maria Luis Albuquerque, dej & oacute.; Light Friday in the German press that there are & quot; frame & quot; in the eurozone and partners Athens & quot; no & aacute est; n willing to negotiate under other conditions & quot ;. The Slovak Prime Minister Robert Fico said on his side the Financial Times to be & iacute; a & quot; impossible & quot; to & eacute; l & quot; explain to people (in his pa & iacute; s) to be given money for salaries and pensions in Greece & quot;.

But really & quot; locked & quot; is Germany, confi & oacute; Thursday a European source. & Quot; It is true that there is a problem of people & quot; between the austere Wolfgang Sch & otilde; uble and hom & oacute; logo Greek, bright Yanis Varoufakis. The press rese & ntilde; a last d & iacute;. As tensions between the two men

Athens on Thursday gave an important step towards compromise and & oacute was decided; to request a & quot; extension & oacute; n & quot; agreement for financial assistance to eurozone requesting him to accept this week.

‘TROJAN HORSE’

In a letter to the Eurogroup, The Greek Government also & eacute; n said he was willing to accept the & quot; SUPERVISION & oacute; n & quot; of its creditors (EU, ECB and IMF) and committed itself & oacute; to refrain from & quot; any action & oacute; n unilateral & quot; undermining their budgetary targets

Instead, claims a certain & quot;. & quot flexibility; to allow austerity measures to rectify m & aacute; s painful, as promised & oacute; Alexis Tsipras, the new prime minister of radical left, during his campaign & ntilde; a victorious

The t & eacute;. Rmino & quot; flexible & quot; be & aacute; certainly much debated by fear of various pa & iacute; ses that Greece employing him for not fulfilling their commitments. Just received the request for extension & oacute; n, the Ministry alem & aacute; n of Finance, the Reject & oacute; dryly and said he sees & iacute; any & quot; solution & oacute; n & quot substantial;.

Athens filtr & oacute; the position & oacute; n defended by Germany in a meeting & oacute; n high school officials Eurogroup, illustrating all the distrust of Berl & iacute; n on the new Greek government: Germany compar & oacute; its application to a & quot; Trojan & quot; for & quot; one FINANCE & oacute; n bridge & quot; several months and & quot; end the current program & quot; . and hence austerity measures containing

In a STILL last attempt to convince Berl & iacute; n, Alexis Tsipras held a meeting & oacute; n telef & oacute; nica about 50 minutes Thursday night with Chancellor & aacute;. ngela Merkel

The Chancellor lunch Friday at Par & iacute; s with President Fran & ccedil; ois Hollande, with whom try & aacute; . the Athens

On Friday, a Greek government spokesman neg & oacute; that the executive has waived its election commitments. & Quot; If the government had taken a 180 degree turn, there will & iacute; masters signed [agreement] for ten d & iacute; as & quot; . in the two preceding and failed Eurogroup meetings

GERMANY INSISTS THAT THE GREEK PROPOSAL IS & quot; INSUFFICIENT & quot;

The German & aacute Government; n Reiter & oacute; & Nbsp; the Greek proposal to make possible a prolongation & oacute; n of European aid is & quot; poor & quot; and Asegur & oacute; there is agreement at the Council of Ministers of the great coalition & oacute;. n directed Angela Merkel

According STILL Verge & oacute; in a press conference the deputy spokesman of the government, Christiane Wirtz, the letter of the Greek Finance Minister Yanis Varufakis shows that Greece is interested in European aid, but not enough to reach an agreement.

& quot; In content, this letter is not enough to extend aid, in that there is consensus in government and Chancellor est & aacute; contact all members of the cabinet & quot ;, Wirtz said after the cr & iacute; tics of Economy Minister & iacute; a, the socialdem & oacute; Democrat Sigmar Gabriel, the owner of Finance, the cristianodem & oacute; Democrat Wolfgang Sch & auml; uble, rejecting the Greek proposal . without debate

Wirtz & oacute is neg; to give details of the conversation & oacute; n telef & oacute; nica who held this Thursday Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras, and limit & oacute; to confirm that & eacute; sta hab & iacute; a. I took place at the behest of the head of Greek government

The spokesman of the Ministry of Finance, Marianne Koth & eacute ;, said, meanwhile, that the position & oacute; n with Germany is today the meeting & oacute; n Eurogroup is & quot; the same yesterday & quot;.

According STILL explained & oacute ;, the working group of the Eurogroup, which hab & iacute; a gathered Thursday at Secretaries of State, also & eacute; n & oacute arrived; to the conclusion & oacute; n. the proposal of Athens is insufficient

The various government spokesmen have ruled out opposing positions before the letter Varufakis between holders of Finance and Economics & iacute; a. A spokesman for the Ministry of Economy & iacute; to be & ntilde; to & oacute; that in VIEW & oacute; n. Gabriel, the letter is insufficient because it does not contain specific measures to achieve the goals set

Gabriel took the view oacute; Yesterday it was a mistake to rush into the rejection of the Greek letter and Pleader & oacute; for use as a starting point for negotiations

Meanwhile, the spokesman of the Ministry of Finance did hincapi & eacute.; that the problem is not what est & aacute; in the letter, but what is lacking in it

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Without an agreement, Greece is in danger of found quickly without funds and doomed to exit the euro zone.

U na prospect that worries especially the United States, where high Treasury official warned against possible “boom uncertainty” before this decisive Eurogroup.

This meeting of finance ministers from the eurozone, the third in less ten days, must lead to an agreement on extending the program for Greece, which expires on February 28.

Greece wants to turn the page of austerity. But Germany, with the inflexibility that embodies his finance minister, Wolfgang Schõuble conservative demands that Athens continue cleaning up its public finances and structural reforms demanded in exchange for two schemes to support amounting to 240,000 million euros.

Berlin are not alone, has the backing of Finland and the Baltic north of Spain and Portugal south countries.

The Portuguese Minister Finance, Maria Luis Albuquerque, made clear on Friday in the German press that there is “a framework” in the eurozone and that partners of Athens “are not willing to negotiate under other conditions.” The Slovak Prime Minister Robert Fico said on his side the Financial Times it would be “impossible” for him “to explain to people (in your country) to be given money for salaries and pensions in Greece”.

But really “locks” is Germany, relied on Thursday a European source. “It is true that there is a people problem” between the austere Wolfgang Schõuble and his Greek counterpart, the brilliant Yanis Varoufakis. The press review for days tensions between the two men.

Athens on Thursday gave an important step towards compromise and decided to request an “extension” of the financial assistance agreement that the Eurozone requesting him to accept this week.

‘TROJAN HORSE’

In a letter the Eurogroup, the Greek Government also said he was willing to accept the “supervision” of its creditors (EU, ECB and IMF) and pledged to refrain from “any unilateral action” that undermines its budgetary targets.

In return, claiming some “flexibility” that would rectify the most painful austerity measures, as promised Alexis Tsipras, the new prime minister of radical left, during his victorious campaign.

The term “flexibility” will certainly be hotly debated by fears that Greece several countries employing him for not fulfilling their commitments. Just received the request for extension, the German Ministry of Finance, curtly refused and said that he saw no “substantial solution.”

Athens leaked the position advocated by Germany in a meeting high school officials Eurogroup, illustrating all the distrust of Berlin on the new Greek government: Germany compared his request to a “Trojan horse” for “bridging finance” several months “to end the current program” and hence to the austerity measures it contains.

In a last attempt to convince Berlin, Alexis Tsipras held a telephone meeting about 50 minutes late Thursday with Chancellor Angela Merkel .

The Chancellor lunch this Friday in Paris with President François Hollande, with whom he will deal with the case of Athens.

This Friday, Greek government spokesman denied that the executive has waived its election commitments. “If the government had taken a 180 degree turn, we would have signed [agreement] ten days ago” in the two preceding and failed Eurogroup meetings.

GERMANY INSISTS ON THE GREEK PROPOSAL IS “ENOUGH”

The German Government reiterated that the Greek proposal to allow an extension of European aid is “insufficient” and said that no agreement thereon in the cabinet of the grand coalition that directs Angela Merkel.

As noted in a press conference the deputy spokesman of the government, Christiane Wirtz, the letter from the Greek Minister of Finance Yanis Varufakis shows that Greece is interested in European aid, but not enough to reach an agreement.

“In its content, this letter is not enough to prolong aid, in that there is consensus in the Government and the Chancellor is in contact with all members of the cabinet, “Wirtz said after criticism of the Minister of Economy, Social Democrat Sigmar Gabriel, the owner of Finance, the Christian Democrat Wolfgang Schäuble, rejecting Greek proposal without debate.

Wirtz refused to give details of the telephone conversation between Thursday Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras, and merely confirmed it had taken place at the wish of the head of Greek government.

The Finance Ministry spokeswoman Marianne Kothe said, meanwhile, that the position that Germany is today to the Eurogroup meeting is “the same yesterday”.

He explained that the working group of the Eurogroup, which met Thursday at the level of secretaries of state, also came concluded that the proposed Athens is insufficient.

The various government spokesmen have ruled out opposing positions before the letter Varufakis between holders of Finance and Economy. A spokesman for the Ministry of Economy said that, according to Gabriel, the letter is insufficient because it does not contain specific measures to achieve the goals.

Gabriel said yesterday it was a mistake to rush into the rejection of the Greek letter and called for use as a starting point for negotiations.

For its part, the Finance Ministry spokesman stressed that the problem is not what is in the letter, but what is lacking in it.

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