Lack of trust hinders the negotiations with the Greek government, as saying on Saturday several finance ministers of euro zone emergency meeting in Brussels to decide whether to grant a new bailout to
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.
Saturday’s meeting, which will be followed on Sunday by a summit of heads of state and government of the 28 members of the European Union (EU), It is considered the “last chance” to prevent the escape of
Greece in the euro area.
According to a leaked document, the German government is considering the hypothesis a temporary exit from the euro 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 it has promised in the coming weeks, months and years? “He asked Jeroen Dijsselbloem, Eurogroup Chairman and Dutch Finance Minister, upon arrival at the summit.
His German counterpart, Wolfgang Schõuble, 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 submitted by Greece] would be appropriate to complete the second program [rescue which 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 next days some of the announced reforms, 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 three-year rescue “the conditions for one of five months,” said a source.
Another millionaire plan
On Friday, the creditor institutions –the European Commission, the European Central Bank and IMF Internacional– 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 institutions estimated between 74,000 and 82,000 million euros.
Athens and benefited in 2010 and 2012 two bailouts totaling 240,000 million euros. While waiting to be adopted, the Eurogroup could consider a temporary solution so that Greece can pay its maturing this month, in particular with the ECB on 20 July.
Reforms Greek government are unpopular and very similar to those demanded by creditors
Greece a few weeks ago before the expiry, on 30 June, the second bailout the country.
But 61% of Greek voters rejected the proposal in a referendum on Sunday. Tsipras won this Saturday morning the backing of Parliament in the 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 climate for 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 320,000 million euros. The question divides Europeans despite the support of the IMF.
In the streets of Greece, the situation was no different this Saturday which is repeated for almost two weeks ago when playpen was imposed to prevent capital flight and that other measures restricted to 60 euros daily money that can be withdrawn from ATMs.
AFP
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