Greece will leave the euro warns that if no agreement – Clarín.com

ATHENS. EFE, DPA, and ANSA

The Greek Prime Minister leftist Alexis Tsipras warned yesterday that if there is a fair compromise with creditors, mostly banks international-, its government refused to agree while the central bank warned that a failure of the talks would lead to the departure of the eurozone. In his speech, Bush was more willing to accept the insolvency of the country that new austerity measures.

“If we fail a compromise that is fair, the government and I assume the responsibility to tell the great ‘no’ to the continuation of a catastrophic policy for the Greek people, “said Tsipras told reporters.

The Greek government must reach an agreement with the European Central Bank, European Commission and International Monetary Fund (IMF) in order to receive the final tranche of the bailout, 7,200 million euros (8,100 million dollars). June 30 Greece has to pay 1,600 million euros and the IMF are many voices who believe that Athens can not afford that payment alone.

In addition, the Bank of Greece warned that the failure of negotiations with creditors would cause a default and Greece leaving the eurozone.

Among the plans of the Greek government and creditors is a distance of about 2,000 million euros annually. One of the most controversial aspects regards pension reforms, which Greece opposes. Tsipras said yesterday that his country made a comprehensive proposal to its creditors, but warned that he can not see a rise in VAT for medicines and electricity or major cuts in pension expenditure.

“Failure in negotiations mark the beginning of a painful path that would lead first to a ‘default’ Greek and finally to leave the country in the euro zone and EU-probably, “said the president of the institution, Ioannis Stournaras.

“were to happen, Greece would plunge into an uncontrollable crisis, at great risk to the banking system and financial stability,” said the institution in its report on monetary policy.

Stournaras warnings angered party members Tsipras, the Syriza. President of Parliament, Zoe Konstantopoulou, described as “unacceptable” the report and accused the president of the central bank trying to divert attention from another parliamentary report suggesting that Greece should not pay the debt.

The warning the Bank of Greece came a day before the Ministers of Economy and Finance of the euro zone meet in Brussels, but EU sources doubt that at that meeting an agreement can be reached regarding the Greek debt crisis.

Leaving the euro would be economically painful for Greece, but economists do not agree on how it will affect the rest of Europe. Many say that the defense of the region against market shocks improved in recent years, while others argue that no one knows what the impact, and that uncertainty can be dangerous.

“The chances of reach an agreement with Greece on Thursday (today) are very small, “admitted the Eurogroup chairman Jeroen Dijsselbloem, before the Dutch Parliament.

” It’s the willingness to tackle tough measures “as the reform of the pension system, he said. For the head of the Eurogroup, negotiations “rather derailed” in recent weeks. Also considers “serious and false” statements claiming that the Greek government creditors want to humiliate the country. Dijsselbloem think you can still reach an agreement but warns that there will be concessions from the European Union (EU). “If we close an agreement that undermines the credibility of the eurozone will explode before our eyes.”