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This article was published May 11, 2015 at 14:42.
The last change is the 11 May 2015 at 20:32.
“If the government wants to make a referendum greek, face consultation, maybe it could be the measure just let Greeks decide if they are ready to accept what is necessary or if they want more, “is how the German Finance Minister Wolfgang Schaeuble entering the Eurogroup. “The decision is up to Greece,” he added. The Minister of Finance of the Merkel government has thus opened the assumption that Athens should approve an agreement with creditors that would go against what was promised in the election campaign by Syriza last January. An agreement of this nature should therefore not only be ratified by the parliament greek but also by the people through a referendum for that purpose. A referendum that inevitably would become a sort of referendum on the permanence of Greece in the euro.
As for the green light for a German referendum should be noted that for weeks the premier greek Alexis Tsipras had evoked such a possibility because of “scare” international creditors. There was talk of course of a referendum on the contents of the agreement in the event that the creditors had demanded new austerity measures on work and pensions that they had exceeded the “red lines” of their elected government Tsipras January 25 to reverse the trend towards growth and put an end to the policies of the sacrifices.
Unexpectedly Schaeuble has decided to support the idea, perhaps to see the bluff of Tsipras. At the end of 2011 Merkel and Sarkozy had prevented the then Prime Minister Papandreou to hold a referendum on the permanence of Greece in the Eurozone. Today, however, a referendum seems never to fear in Berlin, or so it seems, because perhaps it is a negotiating technique to check the weapon’s use of refrendum. The Spaniard De Guindos has stressed that a referendum is a long process but while the Greeks are urgent problems. Then there is the possibility that if the referendum Tsipras it loses, then yes that would be no problem for everyone. Or so much emphasis on the referendum may be a way to tighten the ropes Tsipras and finally costingerlo agreement. Athens wants above all to have the lquidità ensured for its banks and raising the roof of emssione of T-bills today stops at 15 billion euro per year.
Athens paid in advance installment IMF
Greece paid regularly to a day in advance, the tranche due to the IMF, amounting to 750 million euro. Reports were sources of the Ministry of Finance greek, that the payment order has already been made. The installment was to expire on May 12.
The Minister Varoufakis announced the breakthrough when he had said in the morning before work Eurogroup: “Greece will always respect its obligations to the creditors. ‘
The Eurogroup statement: progress but it still takes effort
The Eurogroup examined the situation of the current negotiations between the Government greek and institutions (EU, IMF, ECB, EFSF) and “welcomed the progress already made, but it takes more effort”. As stated in the statement distributed to end the meeting, in particular “it is welcome the intention of the Greek authorities to speed up their work with the institutions, aiming to reach a successful conclusion of the review in a timely manner”.
IMF study a plan B
The IMF is working with other national authorities of South Eastern Europe to a contingency plan in the event of a default Greece. She writes The Wall Street Journal citing Jorg Decressin, deputy director of the European department of the Fund. In light of the fact that Greek banks have a significant role in the financial system of the neighboring countries, the Institute of Washington “is talking” with Romania, Albania, Serbia, Bulgaria and Macedonia. “We are talking with them about the plans they have, what steps can I take,” said Decressin.
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