Monday, June 22, 2015

Merkel: The issue with Greece is not the debt – Televisa News

MEXICO CITY, Mexico, in June. 22,2015.-Chancellor of Germany, Angela Merkel, said that the issue of debt relief for Greece “is not the most urgent” right now, because the country does not have to repay the loans to eurozone “within many years “.

Merkel reminded the end of the summit adopted a declaration on a possible debt relief under certain conditions in 2012, but that Greece” must not return debt in many years and therefore the issue of debt is not the sharpest. “

The chancellor said a debt restructuring or similar measures” has not been discussed “at the meeting today and not leaders They have spoken in detail nor on the issue nor on an extension of the program or a third rescue, which Greece “at the bottom do not want,” he said, but the end of the current plan.

Also held that as part of the negotiations will have to clarify the financing of measures, and that must be secure, as required by the IMF, at least for a year.

Merkel stressed that under German law on the European Financial Stability (EFSF) “can not be given more credit” of the remaining of the second program.

However, he said that “so far they have found solutions to delineate the debt sustainability and the goal is now doing well, “but gave no further details.

German Chancellor also stressed that an agreement will be linked primarily to conditions and then the Eurogroup will address the issue of funding.

Also there must first be an agreement at technical level with previous actions that Greece must meet and take in the Hellenic Parliament and only after national parliaments, as the German and Finnish, will give their green light.

The three institutions, the EC, ECB and IMF leaders have said that the Greek proposal is a “good starting point for further discussions to be concluded with high intensity.”

“We need quite a hard work, because the Eurogroup chairman Jeroen Dijsselbloem, wants to convene on Wednesday afternoon a new meeting to announce results,” he said.

Merkek said “we support this procedure all. We will meet on Thursday and Friday for an ordinary summit and hope that until then the three institutions can give their approval to a compromise with Greece and to present the Eurogroup “.

” If we can, I can not say . Much work remains, “insisted German Chancellor.

” We have all said that we want Greece to remain in the eurozone. What has made Greece today is some progress, but it also became clear at the meeting that much work and little time and therefore will have to work in a concentrated way, “said Chancellor Merkel said.

also the basis for the talks is the joint proposal between the three institutions, that part of the statement of February 20 in which Greece assumed certain commitments and concessions that already contains “that must then be met” should reach agreement.

LLC

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