An is not the euro countries are ready to reach a deal on Greece’s financial future.
But maybe on Wednesday, is the latest offer from Brussels.
The new proposals from Athens was welcomed before Monday evening’s summit of euro zone leaders. Any solution even then it was still not.
The new Greek proposals for the three institutions (the EU, ECB and IMF) is a positive step forward. They will now be further examined in the coming hours. . . so that the euro group can reach a performance Wednesday night that can be presented on Thursday, said the EU’s Permanent President Donald Tusk after Monday evening’s summit in Brussels.
Even several hours earlier, the euro finance ministers clearly indicated that the new ideas put forward by Greece was certainly interesting, but still not sufficient to reach a settlement.
Since even heads of state also talked through the motions prevailed nonetheless cautious optimism.
We move towards a settlement, said French President Francois Hollande after the meeting.
Further negotiations will now be made in hard pace in the hope that the finance ministers will eventually be able to tie things up at another extraordinary meeting on Wednesday.
Just Advisory
The leaders evening meeting was pre uppmålat as one of the last chances to reach agreement on the Greek economy. The closer it got, the more it was described instead as a further meeting on the way forward towards a solution.
The summit is designed to Greek Prime Minister Alexis Tsipras will be able to accept the order in which things occur, to understand . . . that an agreement must first be reached on the technical level and then accepted by the Eurogroup, said an EU source told Reuters.
There is no basis to make any decisions. This can only be a consultative meeting, stated German Chancellor Angela Merkel.
That did still not Athens Stock Exchange from rising by nine percent on Monday, in the hope that an agreement will soon become a reality.
“30 seconds in twelve”
From what has leaked from Greece’s latest proposals include an increase of the VAT rate for hotel stays from 6.5 to 13 percent, and the various actions the area of pensions and among defense spending.
If no solution is reached before the end of June, Greece may be forced to suspend payments. The country’s central bank governor has even warned that the country’s full EU membership, in the end may be in danger.
The time is not five to twelve. She is 30 seconds in twelve, said Luxembourg Prime Minister Xavier Bettel on the way into the meeting.
I do not know. I really do not know. I have really low expectations for this day.
The Finnish Finance Minister Alexander Stubb was pressmistisk before Monday’s emergency meeting on Greece’s economy. (TT)
Monday’s meeting in Brussels gathered first euro zone finance ministers and the evening even their leaders.
A total of 19 countries in the euro: Austria, Belgium, Finland, France, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Germany and Austria were there from the beginning. Greece joined in 2001, Slovenia in 2007, Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011, Latvia in 2014 and Lithuania 2015th
The nine EU countries remaining outside the euro are Bulgaria, Denmark, Croatia, Poland, Romania, United Kingdom, Sweden, Czech Republic and Hungary.
In order for Greece to get the last payment of 7.2 billion euros, equivalent to SEK 66 billion, of the gigantic loan package that has rolled a number of years, require lenders IMF, EU and ECB, reforms and savings of politicians in Greece.
And it is urgent. The end of June, Greece shall make a payment on the loan to the IMF of 1.5 billion â ?? money that the country does not have without the new loan payment.
If the Greeks can pay this means that the country is essentially bankrupt and thus by extension, the risk to leave the euro. The country’s central bank also warned that full EU membership may be in jeopardy.
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