Sunday, June 21, 2015

The European Commission is working on proposals for Greece – El Universal (Venezuela)

Brussels .- The European Commission (EC) today confirmed that work on “new proposals” to try to reach an agreement with Greece creditor international institutions at the extraordinary summit to be held tomorrow in Brussels.

“The work on new proposals is underway,” said a European diplomatic source, who said that, “however, at this time have not yet been presented new proposals”, Efe reported.

The sources also confirmed that throughout the morning there were several calls between the president of the EC, Jean-Claude Juncker; Greek Prime Minister Alexis Tsipras; Managing Director of the International Monetary Fund (IMF), Christine Lagarde, and the German Chancellor, Angela Merkel.

It also indicated that services Juncker contacted the European Central Bank, which, in turn, Merkel and French President Francois Hollande, also spoke together with Tsipras by phone.

According to the Greek government said in a statement, Tsipras has sent a new proposal to Juncker, Merkel and Hollande.

Some measures of this new supply filtered show that while keeping the VAT rates proposed by Athens and its opposition to pension cuts, including concessions to try to reach common ground with creditors.

Tsipras will travel to Brussels this afternoon, while the Greek press suggests that already in the Belgian capital the State Minister Nikos Pappas and the chief negotiator, Euclidis Tsakalotos.

The Hellenic country is without funds in its coffers and suffering a capital outflow only in so far this week and amounted to 3,000 million euros.

Greece insists that the pact with the creditor institutions must necessarily include debt restructuring and fiscal easing.

The next June 30 is the deadline for the second extension of rescue the country and Athens that day must make a payment of 1,600 million euros to the IMF.

The eurozone countries and international institutions and to speak openly of preparations for the event that Monday will not come to an agreement with Greece and a scenario in which the Greek State is raised and suspended payments, in the worst case, leave the single currency.

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