The night could be tomorrow, while the euro countries’ leaders sought the right solution to Greece’s financial crisis.
The new tough requirements likely to topple the government in Athens.
Hour after hour sitting euro zone leaders gathered for the summit in Brussels last night and tonight.
Twice broke the EU’s Permanent President Donald Tusk Assembly “consultations” on the side. Both times were held separate meetings between Tusk, German Chancellor Angela Merkel, French President Francois Hollande and Prime Minister Alexis Tsipras from Greece.
At half past four o’clock was awakened still hope that an agreement would soon be underway.
“Chairman Tusk re-collect the summit in ten minutes by a compromise proposal,” wrote Tusks spokesman Preben Aamann on Twitter.
It chased was the right wording regarding the requirements that the euro countries impose on Greece to accept even begin to negotiate a new emergency program.
I’m here to reach an honest compromise. We owe the European people who want a united, not divided Europe, said Tsipras when he arrived at the meeting yesterday afternoon.
I know the nerves are on edge, but we must ensure that we weigh the benefits against the drawbacks, not only for Greece but for the whole euro zone, Merkel said in turn.
Quick action
According to EU estimates, Greece will need more than 80 billion euros to implement his crisis measures in the next three years.
But this requires strong action – and preferably immediately.
into the clash had euro countries leaders a four-page document from their finance ministers yesterday afternoon. Where the stipulated requirements for finished decisions – including on new VAT rates, pension, Statistical Office’s independence and the introduction of the EU banking emergency law – which countries want to see implemented by the government and parliament in Athens already on Wednesday.
In addition, smokers other far-reaching reforms, such as the rules on collective bargaining and strikes, to support the application to be approved.
The document was also full of demands in brackets, with such things as finance ministers failed to agree on. These included the question of how Greece’s huge national debt should be handled, the transfer of assets to the Greek privatization fund of 50 billion euros, not to mention the temporary return of the euro as German Finance Minister Wolfgang Schäuble put forward as an alternative.
“100 percent no”
The Greek reaction on Sunday evening was stark. “From another planet” was reviewed on privatization fund from a Greek government source of news site Politico Europe. “100 percent no,” said the same person for a temporary euro-break.
In the latter issue, however, Greece had the support of at least France.
There is no temporary Grexit. It is either Grexit or not Grexit said President François Hollande on his way into Sunday’s meeting.
Various leaks from the night session, was later claimed that the temporary euro-handing been removed from the discussion and that Tsipras also made progress in To soften the Privatisation Fund.
At the same time discussed the possibility of deferring to the temporary money – around seven billion euros – needed to keep Greece afloat during the rest of July. Possibly, such a loan be approved when all EU finance ministers will gather for its next regular meeting on Tuesday, wrote Politico Europe.
Tough at home
Although Prime Minister Tsipras would join the euro countries’ requirements list awaits tough internal negotiations to get enough support in parliament in the coming days. Among the things that need to be pushed through to Wednesday are for example measures to avoid early retirement before age 62, said the newspaper Kathimerini.
According to AFP, however, has some 15 MPs from Tsipras party informed him by letter that he can not count on their support for the reforms that lenders require.
Thus must Tsipras likely to rely on the support of three of the opposition parties earlier promised him to push through the necessary steps.
Eurozone finance ministers left on to their Heads of State and Government of a number of proposals in brackets, things that one could not agree on. Here are three of the pieces are not in advance could be agreed with Greece:
“Greek assets to be transferred to an existing external and independent fund, Institute of growth in Luxembourg to be privatized over time and reduce debt “.
” The Eurogroup is ready to consider possible further steps to alleviate Greece’s debt management “.
” If no agreement can be reached for Greece should be offered early negotiation of a time-out from the euro area, with possible debt management “.
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