The Greek leader Alexis Tsipras said on Sunday night that his negotiating team tackled an obligation to avoid defaulting on its debts Athens and threw the euro area.
After a weekend of intense negotiations with the European officials in Brussels, the last attempt to keep Greece afloat, in a tug of war agreement in the huge debt burden of the country, including Athens will bring together, he insisted is cut as the price of further cuts in public Expenditure.
Founded by the radical left political prime minister to fight the corner of Athens, in what is considered the last chance to reach an agreement, will be for debt relief in exchange for concessions demanded by international creditors push billed.
"If we have a workable agreement, no matter how committed we are to support the need.", A statement quoted the director as saying of his closest collaborators
Just two weeks remain for Greece rescue agreement runs on 30 June with the lenders of the European Union, the European Central Bank and the International Monetary Fund, that a meeting of finance ministers of the euro group on Thursday, is set during the term to seal an agreement.
An agreement - almost certain to be an extension of the current program - the country would urgently needed now in the summer more than 7 billion in bailout funds € in order to avoid defaulting on IMF loans this month and to publish the ECB. The creditors have refused to repay loans since last August to discuss the two sides, the reforms.
Power to the catapults in January promised five years of strenuous "l" at the end self-defeating "austerity - but a gesture on the always controversial issue of debt Tsipras Athens also an agreement, do sell the extremists in his party Syriza -. And Greeks in Generally, more than 320.000.000.000 € - equivalent to 180% of the total economic output of the countries - Greece has the highest rate of debt to GDP in the EU and economists agree that the distance is untenable.
Signs that the debt was now the name of the game, a close ally of Tsipras and State Minister, Nikos Pappas, insisted that the resolution of the issue was now important to reach a workable agreement on a political level, where, since the medicine previously prescribed had failed dramatically. In the five years since the debt crisis broke out - forcing the country to international markets and the Socialist government at the time to request emergency loans from the EU and the IMF - the Greek economy has been in the time contracted depression, as it was implemented painful cuts exchange for financial support.
"Our mission is crucial Greek exit from the crisis and avoid the adventure for the whole Europe," Pappas told the newspaper Avgi party before the Deputy Prime Minister and Chief Negotiator Dragasakis Yannis Euclid Tsakalotos fly to Brussels to participate in the talks. "Greece has views, suggestions, determination to work with [its] partners to break this destructive austerity with debt sustainability and social cohesion. What we need is a political solution."
Now the essence with EU officials the alarm is like never before. "We need an agreement in the coming days", Vice-President of the European Commission, Valdis Dombrovskis told the newspaper Die Welt of Germany. "Time is not on our side."
German media, the EU president said Jean-Claude Juncker, has a long Greco Phile support Athens was compelled to warn against the risk of a potentially catastrophic launch of the euro, when Tsipras met last week in Brussels.
In the middle of the interview players senior EU, the ECB and the IMF will be in the next two days, is a new series of counter-proposals has developed the Greek government, in which, after five months of fruitless negotiations is widely regarded as the last attempt seen to break the deadlock. The proposals aim to resolve the remaining differences on both sides have more pensions, taxation, and a primary surplus of Athens will be reached this year.
On Sunday, the Greek media have suggested that the government was going to the pension reform rowing back - promised to overhaul its social security system - in exchange for the promise of forgiveness of debt in the future. As lender of last resort, the IMF has argued, based in Washington a long time that the debt is unmanageable Athens and should be addressed - a position that was created friction with the creditors of the euro area.
Unlike other member of the single currency, Greece saw a large part of its debt from private investors in 2012. Another low depreciation almost certainly the wrath of Germany, where the taxpayer attract most of the monumental walk thousand billion € 240 financial lifeline. But Greek officials say there are other ways to reduce the burden, including the extension of maturities now.
With representatives of both sides to the negotiating fatigue, is the hope that the differences up to the point that an interim agreement is sealed to be ironed to keep out of business in the coming months. Experts say well-placed to Athens holds a nine-month extension would to prepare him time the reforms.
Lenders are wrong, an extension of four months with major reforms implemented so far. Either scenario would be just the shot in the box that is the great crisis of the Greek debt along the way - but both assure the country that is still in the fold symbolizes the spirit of Europe.
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