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This article was published June 21, 2015 at 15:21.
The last change is the 21 June 2015 at 17:47.
Prime Minister greek Alexis Tsipras presented to German Chancellor Angela Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker new Greek proposals to arrive at an agreement on the debt. Meanwhile Berlin and Paris have made it clear that not enough of the commitments to reach an agreement: Athens will present tomorrow at the summit of the Eurogroup – brought forward to 12 to have more time – in hand with an agreement made with the former trio Troika.
Both Merkel and Hollande got a call today to Tsipras to summon to appear tomorrow to incontrio Brussels with a high-level agreement with the European Commission, IMF and European Central Bank on greek debt, stressing that the EU summit is an opportunity not negotiating – that would be impossible in a forum that includes the 19 members of the Eurozone – but a moment to consider a hypothesis already signed with the institutions.
Meanwhile they run between Athens and Brussels to reports about the package of commitments that the Council of Ministers greek would come up to put on the negotiating table with the creditors. The new plan of Athens offers a “final solution” to the crisis and is not limited to “postpone the problem,” according to Tsipras said in an email: the Greek proposal aims to “an agreement that is beneficial to all parties.” Everything indicates that tomorrow will signed an agreement, according to what was stated by the Deputy Minister of Finance Dimitris Mardas exit from the meeting of the council of ministers.
The former Troika officials gather at five to examine the measures proposed by Greece to unlock new aid and avert the danger of a default. The agency reported Bloomberg, citing a European diplomat who said that when the creditors have not yet received the Greek proposal. Tomorrow morning, in the meantime, the ECB will address in a runione at 10.30am the issue of liquidity in the banking sector greek: orders withdrawal of deposits for tomorrow has reached one billion euro.
According to the same agency , citing a government source, Athens would be ready to take measures permanent tax equal to 2% of GDP in Greece and the measures would ask creditors for 2.5%. 0.5% missing would be covered – according to the source – from other “administrative measures”. Among the measures being considered would stop to early retirement as of 1 January 2016, the increase of the “solidarity tax” for people who earn more than 30,000 euro per year and for the companies that have profits above 500,000 euro.
The greek government would also agree with the goal required by creditors to achieve a primary surplus of 1% of GDP, while Athens would insist on three VAT rates – while creditors are asking for two – and It aims to bring more products to the range of 23%. The package, according to reports published by Bloomberg, also provides for the automatic cut spending if SFOR clause of the threshold of the “zero deficit”, and Athens would be ready to further fiscal measures if the agreement with creditors will include a cut debt Athens.
Tomorrow will be the crucial day for Greece. In Brussels is scheduled the extraordinary Eurogroup on Greece, initially scheduled for tomorrow at 15 and now anticipated to 12. The meeting of finance ministers must prepare Eurosummit, the summit of Heads of Government, which will follow immediately after, at 19 .
In the absence of agreement, lil Greek default would approach by leaps and bounds, and would open the specter of Grexit, the output of Athens from the single European currency. “We hope that we arrive at a final solution – French President Hollande said during a press conference at the Expo Milano. Greece has made its new proposals. Some countries have a copy. But it is the institutions that need to talk. IMF and ECB will have to deal with the greek government, “he said pointing out that he had worked a lot together with Angela Merkel for Greece to remain in the euro, in order to maintain the benefits, but also making the necessary efforts.
“I confirm the approach of Francois Hollande for what concerns the sentiment pending the meeting tomorrow in my opinion there are all conditions because ‘the agreement can be and will be win win”, the echoed in the press conference the Prime Minister Matteo Renzi. “We do not see the risk of contagion as they saw up to two to three years ago. We’re working because you do the deal and Italy has ceased to be a problem, it can be part of the solution. ”
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