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The partners have warned that the meeting on Monday not serve & aacute!; nothing if previously the Greek Government has not approached positions with their creditor institutions, the Commission & oacute; European n (EC), the European Central Bank (ECB) and International Monetary Fund (IMF) on the budgetary and fiscal measures to STILL separate them from the agreement.
Therefore, the meetings of the Executive Alexis Tsipras has intensified this weekend and already leaked some measures contained in the new Greek proposal, but keeps rates proposed VAT by Athens and its opposition & oacute; n to cut pensions, including concessions to try to reach a land com STILL. n with creditors
But if finally negotiations fail again and Greece reaches 30 June without agreement expires when the pr & oacute; rroga the second bailout, duty & aacute; deal with various scenarios economic & oacute; monkeys
Without agreement, Greece will probably not be able to & aacute.; pay maturities IMF totaling EUR 1.600 million (1.815 million d DOLLARS), nor the 6,700 million (7,600 million d DOLLARS) to be returned to the ECB in July and August
<. p> After declaring the default, the ECB limit RIVER to access the mechanism of assistance (ELA) to banks, one of their few sources of liquidity, the institution & oacute; n monetary Europe has increased twice this week to some 87,000 million euros (98,700 million d DOLLARS).
In turn, this lead & aacute; the imposition & oacute; n of capital controls to prevent further clo & iacute; as in the dep & oacute; sites, which, according STILL analysts, could RIVER. to bring a playpen
In this case the Government could RIVER be obliged to issue pay & eacute;. s to pay salaries to civil servants and pensioners and in the medium term if an agreement is not reached, introduce a new currency sharply depreciated against the euro
This scenario could RIVER become an opportunity for Greece to exit the crisis, according STILL some analysts, but also & eacute; n in grave danger, as the introduction & oacute; n of a national currency trigger & iacute; a c CIRCLE vicious inflation & oacute; n galloping, black market and widespread poverty
& nbsp;. This situation & oacute; n could RIVER bring to reach a short-term agreement involving the extension & oacute; n three months of the current program.
If ning STILL case there is this agreement in the short or medium term, the end result could RIVER. to be a Greek exit from the euro, an unprecedented event in the euro area
The European treaties prev & eacute; n the gradual accession & oacute; na currency TUNIC all members of Uni & oacute; European n (EU), but not the abandonment of this, so the experts see only possible exit euro if it goes hand YEAR ada a march of the EU
The uncertainty has made in STILL. past d & iacute; as output dep & oacute; sites has increased considerably and so far this week and ascend to 3,000 million euros (3,404 million d DOLLARS).
However, the Greek Government has stressed that capital controls & quot; no & quot arises; and he stressed that the dep & oacute; sites est & aacute; n secure and that the banking system is strong
In the streets of the Greek capital, without queues at the Auto & aacute cashiers. Ticos, the situation & oacute; n economic & oacute; mica concerned differently in the absence of precedents and a notion & oacute; n clear what lead RIVER. to the abandonment of the euro
The population & oacute; n is Greek & aacute; mostly in favor of following in the eurozone, as shown by several surveys. The STILL last, held between 11 and June 17 by the company Public Issue, the published today by the daily Avgi
60% of Greeks have a perception & oacute;. Positive n on the euro, . compared with 36% who see it negatively
On the one hand, est & aacute; n those who fear that the output of the coin com STILL let the pa & iacute; s, for example, without liquidity to against the payment of wages and pensions and aggravate the situation & oacute; n of a population & oacute; n hard hit in these six YEAR. I Crisis
Others, however, are in favor of bringing the negotiations to end for ensure that the demands of creditors
are not imposed, claiming that they have already lost everything and do not fear a return to the drachma, which ultimately considered beneficial. In this regard, 62% believe that the government should not capitulate in talks with partners, while 34% will want RIVER aa all costs agreement
EFE & nbsp;
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The partners have warned that Monday’s meeting will not help if previously the Greek Government has not approached positions with their creditor institutions, the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) on the budgetary and fiscal measures that still separate them from the agreement.
Therefore, the meetings of the Executive Alexis Tsipras has intensified this weekend and already have leaked some measures contained in the new Greek proposal, maintaining that while VAT rates proposed by Athens and its opposition to pension cuts, including concessions to try to reach common ground with creditors.
But finally negotiations fail again and reaches Greece without agreement June 30, when the extension of the second bailout expires, will face various economic scenarios.
Without agreement, Greece would probably be unable to pay the IMF maturities totaling 1.600 million euros (1.815 million dollars), nor the 6,700 million (7,600 million) to be returned to the ECB in July and August.
After declaring the default, the ECB would limit access to the mechanism of assistance (ELA) to banks, one of their few sources of liquidity that European monetary institution has increased by two Sometimes this week to some 87,000 million euros (98,700 million dollars).
In turn, this will lead to the imposition of capital controls to prevent further bloodletting in deposits, which, analysts say, could lead to a playpen.
In that case the government would be forced to issue IOUs to pay salaries to civil servants and pensioners, and means term if an agreement is not reached, introduce a new currency sharply depreciated against the euro.
This scenario could become an opportunity for Greece to exit the crisis, according to some analysts but also in grave danger, as the introduction of a national currency would trigger a vicious cycle of runaway inflation, black market and widespread poverty.
This situation could lead to reach an agreement involving short-term three-month extension of the current program.
If in any case there is this agreement in the short or medium term, the end result could be the exit of Greece euro, unprecedented in the eurozone.
The European treaties provide for the gradual accession to the single currency of all members of the European Union (EU), but not abandoned this, so experts are only possible exit from the euro if accompanied by a march of the EU.
The uncertainty has meant that in recent days the outflow of deposits has increased considerably and so far this week and increase to 3,000 million euros (3,404 million dollars).
However, the Greek Government has stressed that capital controls ” does not arise “and stressed that deposits are safe and that the banking system is strong.
In the streets of the Greek capital, no queues at ATMs, the economic situation concerned differently to the lack of precedent and a clear notion of what it would entail the abandonment of the euro.
The Greek population is overwhelmingly in favor of following in the eurozone, as shown several surveys. The latest, held between 11 and June 17 by the company Public Issue, the newspaper Avgi published today.
60% of Greeks have a positive perception of the euro , compared with 36% who see it negatively.
On the one hand, there are those who fear that the output of the common currency leave the country, for example, without liquidity to against the payment of wages and pensions and aggravated a population hard hit in these six years of crisis.
Others, however, are in favor of bringing the negotiations to end to achieve the demands of creditors are not imposed, because they ensure that they have lost everything and do not fear a return to the drachma, which ultimately considered beneficial.
In this regard, 62% believe that the government should not capitulate in talks with partners, while 34% want an agreement at all costs.
EFE
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