strong and its creditors -IMF, European Central Bank and the governments of the eurozone are in two weeks to cause the biggest default in world financial history. Greece does not yield to pressure because it believes that the adjustment measures that are demanded in return for the loan are humiliating and counterproductive.
The German daily Süddeutsche Zeitung had Monday night that creditors were preparing the establishment of controls capital and a playpen in Greece to turn it on Monday if no agreement before. To do so would be approved by the Greek Parliament. If he refused, “insulate” Greece of the European financial system. A measure of questionable legality.
If there is no agreement on Thursday could have an extraordinary EU summit in Brussels on Sunday. He would be seeking Tsipras stage because that decision would be politically and European leaders should portray.
The ECB President Mario Draghi, which could dry emergency funding Greek banks and cause the playpen, refuses to make that decision. In an appearance on Monday in the European Parliament, Draghi was crystal: “It’s a political decision to be taken by politicians, not central bankers”
Tsipras yesterday told the leaders of the opposition parties that if there is. agreement, on June 30 the country will not pay the maturity of 1,600 million euros and will default to the IMF.
not traded since Sunday. Eurozone governments, the IMF and the ECB to Greece’s call for adjustments mainly on pensions, tax reforms, and Work and a primary surplus this year of 1% would rise to 3.5% in 2018. Athens considered would only aggravate the crisis.
In exchange for these adjustments, Greece would receive EUR 7,200 million remaining of the 130,000 of the second loan. That could pay the IMF, and during July and August, the ECB maturities 6,700 million.
Athens scored pensions as their last line of defense, he would accept only touch them in exchange for a debt restructuring that Europeans reject flat.
Brussels and Athens are accused of lying and misrepresenting. The European Commission says it has not asked for a cut in pensions but cut spending on pensions. Greek Finance Minister, Yanis Varoufakis, said Monday that the position of the creditors is “sadistic” and that his government “will not sign the extension of the crisis.”
There is not even agreement among creditors. The head of the IMF, Olivier Blanchard, chief economist said on the website of financial institution that a restructuring of Greek debt, which amounts to 177% of its GDP-but as Europeans refuse to see this restructuring necessary, the only solution is to increase the settings for Greece from maintaining fiscal surplus. The ECB, but says that the ball is in Greek roof, also calls on European cede something.
Tsipras also has an internal problem. At least one third of his party Syriza wants to break and negotiations and announce the default. Athens, whose economy is barely 1.8% of EU GDP, would pay almost 300,000 million euros, the largest default in history.
Tsipras said in a statement, said the pressure is on Athens is “politically motivated” and that he only “defends the dignity of our people and the hopes of the peoples of Europe”.
Yesterday, before the full Parliament, Tsipras said the IMF has a “criminal responsibility” in the present state of the Greek economy. The leftist prime minister’s speech was very hard. “Do not yield to blackmail, there will humiliate our government and our people”
From Washington, USA He called on Greece to present a “serious effort” to reach an agreement with its creditors and avoid submerging the world economy “uncertainty”.
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