Tuesday, June 9, 2015

Greece presents new proposals, but disappoint creditors – ANSA.it

BRUSSELS – The new Greek proposals do not convince international lenders and tomorrow a new mini-summit between Tsipras, Merkel and Hollande will seek ways to overcome the negotiating impasse. Patience, however, is historically low: even the European Commission, which seeks to mediate between Greece and its creditors, accusing the Greek premier to use too many tactics. “Reaching an agreement is possible, but need political will, first of all by the Greek: therefore less tactical maneuvers and more work of substance,” said EU Commission Vice-President Valdis Dombrovskis. More than new proposals, to Brussels those presented today by Athens are “suggestions”, as evidenced by the brevity of the text, consisting of only three pages.

The first question, the emergency liquidity Athens asks to use the ESM bailout fund to repay the 6.7 billion euro of bonds in the hands of the ECB expires in July and August. Also, it asks to allow Greek banks to buy a larger share of Greek government bonds in the short term. VAT would meet creditors confirming the three rates – creditors, however, are calling for just two – raised to 7, 12 and 23%. Also on the primary surplus the government greek would be available to approach the target of 1% demanded by creditors against the 0.6% set initially from Athens.

Among the other measures proposed to ‘make money’, the increase of the health fees withheld to pensioners on the check monthly pass 4-6%. But lenders are not credible measures, only a “vague rehash” the last revision of the plan of arrangement proposed by Athens, that is, those 47 pages delivered last week, considered too ideological. The new additions are now in the hands of institutions, which will analyze the “care and diligence,” said the spokesman for Juncker, implying that all proposals remain on the table, and the Troika of the former government greek, it is not yet possible to a summary.

Meanwhile, the clock is ticking and Dombrovskis urges Athens: “It would be really important in the next few days, if not the next day, finding before any agreement on the primary surplus target, then some specific measures needed to achieve the goals. ” The vice president said that “it was very clear from the beginning, since the conclusions of the Euro in February, you can replace some other equivalent measures”.

The door is therefore open, but ” It is important not only to say what measures they do not want, but also those who are ready to take their place, “emphasizes Dombrovskis before launching an appeal to drop the tactical maneuvers. The outputs of the Greeks do not like even the economics minister Pier Carlo Padoan that reacts after Tsipras pointed the finger at the ‘problem’ of the Italian public debt: “I’m sorry that Tsipras says this, I totally disagree, although sympathetic with the Greek situation. We have shot course, we are making reforms and the right things, I hope that all countries do so. “

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