The agreement does not yet exist, but progress this time seem real and could pave the way for an agreement this week. Although arriving late, so that neither the institutions nor the Eurogroup could examine them, the new Greek proposals are seen as a good base to work from.
It will then, in days, another Eurogroup and further consultation among the leaders of the euro area, which are clear in the evening with Tsipras without making decisions. Despite another delay, the markets do not get discouraged and believe, closing broadly positive, and Greek banks get a new injection of liquidity by the ECB, which will finance them through the end of the program, that is, on June 30.
The final agreement should arrive by that date, or the day after Greece would default to the IMF and its banks would remain dry quickly. “There are still many days this week to arrive at a decision,” he reassured Chancellor Merkel since the morning. “It is only a consultative summit, there is the groundwork for an agreement,” he added in the evening. Greece has made new proposals “very, very late,” said the Chairman of the Eurogroup Jeroen Dijsselbloem. This is why the institutions have not been able to evaluate them, and ministers chaired by him have had their say in order to prepare the Eurosummit that was found in the program. “There is nothing new, we have not received proposals of substance from Greece, you can not prepare a summit without them,” chilled the German Minister Wolfgang Schaeuble.
The Eurogroup has therefore compared to just a couple of hours, then getting together again this week, most likely before the EU summit on Thursday and Friday. But although the expectations for an agreement have cleared, the Eurosummit is an important moment in the negotiation greek. It is the first time that the eurozone leaders are openly discussing the case Greece, together with the European Central Bank President Mario Draghi and the Director General of the IMF Christine Lagarde. For the first time Tsipras can make its demands to all its creditors together and listen to their positions. “I convened this summit because time is running out, now put all the cards on the table, the strategies must end, we must put an end to this political gambling,” said President of the EU Council Donald Tusk, convinced that leaders should “avoid the worst scenario, ie a” Graccident “chaotic.”
For the Prime Minister Matteo Renzi “Athens must meet its commitments which are economic, but also the EU must meet its moral obligations with regard to a country like Greece, “also because” it is not only a question of an economic nature, “but also” about what kind of community we want for our future. ” Meanwhile the technical work on the new Greek proposals is broken down: “We will work as we did in the last three days to reach an agreement by the weekend,” said Commission President Juncker, who for months average between Greece and creditors. The new document, said Economy Minister Giorgos Stathakis greek, contains new taxes on the wealthy and middle class (starting from € 30,000 per year) and on companies, an increase in VAT on some products – electricity excluded – but not more cuts in pensions and public salaries, as they wanted the institutions. Athens, he explained, came out in favor of the creditors to achieve a primary surplus of 1% of GDP this year, 2% next year and 3% in 2017. And, for now, is aware that there It will be an agreement on debt restructuring, despite the pressures of Syriza. But expects that the partners put in the agenda for the coming months.
In Athens, meanwhile, thousands gathered in Syntagma Square, in front of Parliament, to express their support for the government of Alexis Tsipras . Perhaps also to exorcise fears and banish a nightmare that has lasted for years.
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