Greece and its creditors at the last minute negotiations with the European Commission, Jean-Claude Juncker is locked to try to negotiate an agreement over the weekend.
Prime Minister Alexis Tsipras sent a delegation to Brussels on a new set of proposals in order to close the gap in pension, tax and a primary surplus. With positions hardening, are the talks the latest attempt Juncker compromise, an official of the European Union who declined to be named.
Representatives of the International Monetary Fund, the European Central Bank and the European Stability Mechanism will be waiting in the wings to join the negotiations, if progress is made between the ambassador and the Chief of Staff Juncker Greece. The objective is the agreement before the opening of trading to reach on Monday, the official said.
European leaders, German Chancellor Angela Merkel, the European Union Minister Donald Tusk expressed growing exasperation with the rope of Greece, forced the most indebted countries in Europe on the brink of bankruptcy.
Juncker warned on Thursday that Tsipras Euro group would begin preparations for a Greek exit from the euro, if the creditor has an agreement at the last minute, Frankfurter Allgemeine Sonntagszeitung reported Sunday, without saying how it obtained the information.
Hovering between intransigence and compromise proposals, Tsipras spent four months locked in a stalemate with the creditor banks. The recent proposal against Greece is the second in June. The first was rejected.
Compromise attempt
Greek stocks fell 5.9 percent on Friday, with shares of Bank fall by 12 percent, while the negotiations remained stalled. The yield on Greek government bonds in 2017 by 137 basis points to 20.03 percent. American and European equities and high-yield bonds in the euro zone has also been growing concern Greece will enjoy the time runs out to reach a deal to avoid default.
The IMF urged Juncker attempted a compromise with Greece on € 400 million (451 million USD) cuts in smaller pensions negotiate if military spending by the same amount, Frankfurter Allgemeine Sonntagszeitung, citing unidentified people with knowledge of the talks is reduced , The EU has refused to comment on the report.
The negotiations are difficult and the positions are still far an EU official Sunday, speaking on condition of anonymity. High officials of the European Commission concerned about whether an agreement will be concluded in time, the official said.
Looking for debt relief
This must be "the last negotiations in conditions of crisis," said Finance Minister Yanis Varoufakis in an interview broadcast Sunday on TV Alfa. "The objective of the negotiations is out of the crisis. For that you need to return Greece to the markets so that a rescheduling is necessary."
Greece is not a budget that does not work to subscribe Varoufakis said. Although a primary surplus of 1 percent of gross domestic product was in March, a deterioration in the economy is likely because it means that it no longer, he said.
Merkel said Tsipras is time to accept the part of financial aid. Greek bailout extension expires on June 30 and some national parliaments to ratify an agreement before funds can be paid, which reduces the window to an agreement.
'Regardless of time "
"Where there's a will, there's a way, but the will must come from everywhere," Merkel said earlier this week. "So I think it's fair to each other and to speak again."
Not everyone was good at hiding his frustration. Earlier this week, Fang blamed Tsipras around his feet on an agreement debt and pull the IMF team left Brussels, despair about the tactics of Greece expressed.
"If the Greek government are not prepared to take tough measures, even if they are unpopular, then Greece never be sure," said Dutch Finance Minister Jeroen Dijsselbloem who directs the meetings of the Head of Finance of the euro zone, he told reporters in The Hague on Friday.
Speculation about a Greek exit from the euro zone is "extremely dangerous" and such an outcome would lead to unpredictable consequences, he said Austrian Chancellor Werner Faymann said in an interview with Real News.
Whatever the outcome, the government will not call new elections or a referendum, Tsipras said his team on Friday, according to a government statement.
"If we have a sustainable agreement, however serious commitments, we will lift the weight," Tsipras said. "Our only criterion is out of the crisis and the grade of serfdom. But if Europe is the continued division and serfdom who refuse."
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