The lack of confidence difficult negotiations with the Greek government on Saturday said several finance ministers of euro zone emergency meeting in Brussels to decide whether to grant a new bailout for Greece and thus avoid its exit from the euro.
The finance ministers of the Eurozone are discussing the reform proposals presented by Athens in exchange for a third bailout, the government requested this week. However, after nearly three hours of meetings a source who asked to remain unidentified said discussions “are blocked by the lack of confidence.”
Today’s meeting, which will continue tomorrow with the summit Heads of state and government of the 28 members of the European Union (EU), is considered as the “last chance” to avoid Greece leaving the euro zone.
According to a leaked document to the press, the German government is considering the hypothesis of a ‘Grexit’ temporary five years if the country does not improve their proposals.
“There is a serious problem of trust. Can we trust the Greek government to do what he has promised in the coming weeks, months and years? “asked Jeroen Dijsselbloem, Eurogroup Chairman and Dutch Finance Minister, upon arrival at the summit.
His German counterpart, Wolfgang Schäuble, the main supporter of the hard line with Athens, predicted “extremely difficult” negotiations and said the proposals of Athens “are far from sufficient”.
“This package of measures presented by Greece would be appropriate to complete the second rescue program that expired on June 30. But I fear it is not enough for a third program, “meanwhile estimated the Slovak Minister Peter Kazimir.
Several participants have come to propose that the Greek parliament approved in the coming days some reforms announced, as a sign of “seriousness”, European sources said.
To Greece will not be easy to overcome the resistance of some European countries, particularly Germany and the Baltic countries, who see no reason to adopt a third rescue three years “with one of the conditions for five months,” said a source.
Another millionaire plan
On Friday, the creditor institutions-the European Commission, the European Central Bank and the International Monetary Fund welcomed the new offer of Athens, including pension cuts, tax increases, privatizations and new taxes for companies.
In return, Athens asks for a third rescue, the Institutions estimated between 74 000 and 82 billion euros. Athens has already benefited in 2010 and 2012 two bailouts totaling 240 billion euros.
While waiting to be adopted, the Eurogroup could consider a temporary solution so that Greece can pay This month maturities, in particular with the ECB on 20 July.
The Greek government reforms are unpopular and very similar to those demanded by creditors of Greece a few weeks ago before the expiry of the June 30, the second rescue the country.
But 61% of Greek voters rejected the proposal in a referendum on Sunday.
Tsipras won this Saturday morning endorsement Parliament to its reform package with 251 votes in favor out of a total of 300 deputies. Several members of Syriza, his party, abstained in the vote, which observers say could herald changes in the government coalition.
The debt outstanding issue
“The weather Greeks in the meeting is not easy, “and after three hours the ministers had not yet spoken of the debt, said one source close to the discussions.
Tsipras is confident that an agreement with its creditors put back on the table the issue of removing or at least the restructuring of the country’s huge debt, which reached 180% of GDP, some 320 billion euros.
The question divides Europeans Despite IMF support.
In the streets of Greece, the situation was no different this Saturday which is repeated for almost two weeks ago, when the yard was imposed to prevent capital flight and inter alia limited to 60 euros daily money that can be withdrawn from ATMs. bogus=”1″
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