Europe loses patience with debt-laden Greece – LaCapital.com.ar

The leader of the European Commission, Jean-Claude Juncker, Tsipras rejected a call by lack of progress in the negotiations.

President European Commission, Jean-Claude Juncker, declined yesterday to take a phone call from the Greek premier, Alexis Tsipras, because Athens has not yet sent the reform proposals that promised to present on Thursday, an official of the European Union said, the Once the German deputy foreign minister warned Athens that Europe reached the limit. According to an EU authority, “the Greek premier asked to make a phone call on Saturday (yesterday), but Juncker declined to answer because there was no progress in the discussions and proposed that Greece promised to send on Thursday failed to reach” so no there were grounds to hold further discussions.

The impasse in the crisis of the Greek debt, which is affecting financial markets and could damage the global economic recovery will depend on the summit brings together the leaders of the G7 in Germany from today, chaired by Merkel. A German spokesman said Tsipras was not invited to the meeting of the Group of Seven most industrialized countries of the world. “There were no new developments so there was nothing to discuss,” he said. Tsipras also planned to return to Brussels to hold further discussions in person on Friday, but did not. However, he rejected that day as “absurd” the terms of aid proposed by the country’s creditors and delayed payment of debt to the International Monetary Fund.

In a defiant speech to search Parliament’s support for his rejection of the austerity package in return for financial aid, Tsipras balanced indignation with the confidence that a deal to keep his country in the single currency bloc was “closer than ever”. “We know it’s partly a theater, but we have to play a role in every scene of the drama,” the EU official said. By focusing their anger on two of the main demands of creditors -the elimination of an income supplement for the poorest pensioners and the VAT hike to the electricity- Tsipras left open possible alternatives to such measures.

Full Throttle. In this regard, the German deputy foreign minister, Sigmar Gabriel, warned Greece yesterday in an interview to a local newspaper that there is no more space in the negotiations to reach agreement on funding in exchange for reforms. When asked if he expected an agreement soon, Gabriel told the Stuttgarter Nachrichten newspaper that “it depends only on the Greek government. Europe reached the limit. “

Gabriel added that now the mood in Germany is to let the Greeks leave the Eurozone. “But it sure would be very expensive,” he said, adding that Greece would remain a Member State in the EU regardless of what happens. “So we still have a need for assistance,” he said. Gabriel, who is also finance minister and chairman of the German Social Democratic Party (SPD), criticized the premier. “His problem is he is not willing to address the problems that need to be resolved. He prefers to place on the shoulders of European taxpayers. But that does not work, “he said.

Gerda Hasselfeldt, a leading member of the conservative allies of Chancellor Angela Merkel in Bavaria, told the German newspaper Passauer Neue Presse that the government in Athens must now prepare proposals detailed reforms

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