Athens BRUSSELS, 15 (ANSA) – With yet another failed negotiation last Sunday and the tense exchange of accusations from Brussels to Athens, the increasingly real possibility of a “Grexit” (Greek exit from the eurozone) today led to the collapse of markets, while the president of the European Central Bank (ECB), Mario Draghi, warned that a “default” Hellenic take Europe to “terra incognita”.
“an all out effort is needed to reach a strong and comprehensive agreement,” Draghi said, stressing however that “the ball is now in the Greek countryside,” he said.
Italian banker’s warning came clear and firm to the European Parliament even after recent reforms of the financial system there are now instruments to manage short-term situation of Grexit, in the long term means what the consequences would be for the EU? This we can not foresee, and go into unknown land, he said.
Milan Stock Exchange closed at -2.40%, in Athens fell 4.68%. According to the Sueddeutsche Zeitung in its online edition, if it does not reach an agreement with Athens, the euro countries would develop an emergency plan to control capital flows from the weekend.
In Greece today ” The situation is dramatic, “admitted the president of the ECB. But it is not the responsibility of other countries in the euro zone or European institutions, Draghi noted, reviewing all aid from the EU-ECB-International Monetary Fund (IMF) received by Athens.
Therefore Draghi It urged all parties “to run the last mile” to achieve a “strong and comprehensive” agreement with Greece, which “produce growth that is socially equitable and financially sustainable.” And again Berlin said his hope that Greece remains in the euro zone
The tension between the institutions and the Greek government, however, has soared. The European Commission, usually “politically correct”, accused Athens of spreading “misleading information”
also illustrated the point by point proposal creditors. substantial cut of the objectives of primary fiscal surplus (1% in 2015, 2% in 2016 and 3.5% in 2018) A reform of the pension system with reduced spending 1% of GDP per year and VAT at 23%, but with some exceptions up to 6% for some goods for families.
Athens, meanwhile, European sources indicated close to the negotiations, systematically submitted late proposals, consisting of a sheet with a generic table Xcel figures and already rejected on Monday by the European Commissioner for Economic Affairs, Pierre Moscovici. Last Sunday, when for two days waiting negotiators ESM, ECB and IMF, the Greeks resubmitted in Brussels with the same folio, with a difference of 200 million euros. And spending cuts pensions by 71 million, equivalent to 0.04% of GDP.
Attitude or perhaps a negotiating tactic that did not like Brussels, which considered worthy of amateurs. “We are always available to negotiate,” said President of the European Commission, Jean-Claude Juncker, “disappointed” by the failure of this new round of discussions. It takes a “political decision”, Draghi stressed his part. The next scheduled meeting time will be Thursday in Luxembourg at the Eurogroup (meeting of ministers of Economy and Finance of the euro zone). And then, if you do not get anything before the European summit on 25 and 26 June. June 30 expires on European rescue program and the deadline for the repayment of loans to the IMF. “Athens gave his word that he will pay,” said Draghi. Y8K / ACZ
06.15.2015 23:16
No comments:
Post a Comment