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This article was published April 7, 2015 at 16:26.
The last change is the April 7, 2015 at 18:18.
In his visit to Moscow tomorrow, Premier greek Alexis Tsipras will meet not only the leader of the Kremlin, Vladimir Putin, but also the Prime Minister Dmitri Medvedev and Patriarch of the Russian Orthodox Church, Kirill. In short, the troika of Russian power politico-religious. This was announced by the head of government greek, leader of the radical left Syriza, in an interview with Tass. Tsipras will also hold a conference at the University of Moscow. Greece and Russia share the same Christian Orthodox faith. In short a visit with great fanfare that does not rule out a trip to succesivo always in Moscow’s premier greek May 9 to celebrate the 70th anniversary of the victory against the Nazis.
What do you expect Moscow to Athens? That Premier greek Tsipras puts veto new sanctions against Moscow in response to the crisis in Ukraine and maybe break the European front, so far compact, to Russia on the Ukrainian crisis. In return, Putin could offer Greece a discount on gas supply on both the price (now $ 300) that the volume of contracts “take or pay”, some derogation for the import of peaches, kiwi and strawberries, and maybe some purchase of sovereign bonds in the short, the T.bills to 26 weeks, usually bought to plunder from Greek banks, but now they had a stop precautionary supervision by the ECB. The rumors have been made to filter by financial daily Kommersant, citing a source in the Russian executive. A Kremlin spokesman said in recent days that President Vladimir Putin and Alexis Tsipras will discuss economic relations and sanctions on Moscow by the European Union.
According to the contract between Gazprom and Athens for the second quarter of 2015 the price of Russian gas to the Greek company DEPA is just over $ 300. The contract was revised in February 2014: the price has been reduced by 15%, while the volume take-or-pay was reduced to 2 billion cubic meters.
The Russian Finance Minister , Anton Siluanov, reiterated that so far Greece has not officially asked to Moscow the provision of any loan. But this possibility is excluded by the logic, since Moscow, with the drop in oil prices and the international sanctions, certainly not doing well, with foreign exchange reserves to dwindle more and more.
In short some help, symbolic, from Moscow should arrive, taking into account that immediately after the elections that brought Tsipras to victory last January 25, Athens has rejected the request of EU leaders to consider new sanctions against Russia. On penalties need unanimity of all EU countries.
Not only. The greek prime minister earlier this year said that Greece and Cyprus (which shares Athens with very close ties with Moscow) should build a bridge of peace and cooperation between Europe and Russia on the crisis in Ukraine.
The Greek crisis many analysts today does not fear because the exposure of European banks fell to 42 billion euro compared to 178 billion euro in 2008. But the show has just changed its skin, from private has become public, because 80% of the 317 billion debt greek are in the hands of public institutions. In this context, the Swiss bank UBS believes that “while expecting an agreement, the risk of a default on repayments today is greater than 50%. We maintain our position to sell on Greek government bonds. ” Experts estimate UBS “an increased risk of Greece leaving the euro at 20-30%.” This feeling is reinforced by the growth in Brussels party hawks who wants to turn Athens into a model case for the Mediterranean countries, so as to clarify once and for all that those who break the rules out of the euro club. A position opposed by those who believe the exit of Athens as the beginning of the end of the currency unit and its transformation into a simple system of fixed exchange rates. The latter believe that the Greek crisis go passed with a greater degree of transfer of sovereignty at the center in the fiscal and political. For this the solution of the Greek crisis, although little siginificativa to the extent of Greek GDP in the game, is the key to the future of the entire European Union.
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