Monday, May 11, 2015

Germany suggests that the rescue Greece submitted to a referendum – Clarín.com

“It is up to the Greek If the Greek government believes it should hold a referendum, then call a referendum may complexion even be the appropriate measure.. Ask the Greek people to decide whether it is ready to accept making lack or prefer the alternative. “

The speaker this morning and was Wolfgang Schäuble, finance minister and head Angela Merkel elected by the German president to force the Greek government to continue with the program of tax cuts and structural reforms that neither Syriza nor their constituents want.

Without wishing to hide their intentions, Schäuble chose their words before meeting with their counterparts in the eurozone today in Brussels, where the Eurogroup debated whether or not to release Athens 7,200 million euros that had been pending in the original bailout program for 240,000 million euros. “What is needed”, and hardly needs explanation is that the government of Alexis Tsipras accept these cuts and reforms. The alternative, it is also known, is running out of rescue.

A referendum would introduce new risk variables to the already complicated Greek position. If the people reject the bailout, the government would lose much room for negotiation and grow the risk of default. Although the majority of Greeks want to stay in the euro, it seems difficult to occur both at the same time.

The Wall Street Journal reminds The last time a Greek government had the idea of ​​proposing a referendum on the bailout in 2011, Merkel and the then president of France, Nicolas Sarkozy, they prevented warning to put the rescue measures to popular vote it would be seen by them as submit to referendum the permanence of Greece in the euro.

“I am very confident that we will have a good game and there will be a statement setting out the progress we are making and this will be a good springboard for the final conclusion, “said Yanis Varoufakis, Greek finance minister, before entering the Eurogroup meeting.

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