Nocturnal fight for demands for Athens – Dagens Industri

In hour after hour looking the euro countries’ leaders the right solution to Greece’s financial crisis.

New tough demands on the government in Athens.

At midnight, the EU’s Permanent President Donald Tusk twice broken the Brussels summit for “consultations” on the side. The first time held a separate meeting between Tusk, German Chancellor Angela Merkel, French President Francois Hollande and Prime Minister Alexis Tsipras and Finance Euklidis Tsakalotos from Greece.

Then followed more hours of tough talks on the requirements that the euro countries put on Greece to accept even begin to negotiate a new emergency program.

Also in the second intermission gathered Tusk, Tsipras, Merkel and Hollande to talk together, reported the Greek newspaper Kathimerini.

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.

With him in Sunday evening’s clash got the euro zone leaders a four-page document from their finance ministers . 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 last issue, Greece has additionally supported by 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, did, however, claim 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.

Although Prime Minister Tsipras would join the euro countries’ list of demands await tough internal negotiations getting 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.

Eurozone finance ministers left on to their Heads of State and Government of a number of proposals in brackets, things they 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 “.