The German Finance Minister Wolfgang Schaeuble has proposed a Greek exit from the euro in time, for five years, during which Athens could restructure its debt. Writes the Frankfurter Allgemeine Zeitung quoted a document from the Ministry of Finance.
Thumbs down then Schaeuble on the Greek proposals. “There are areas central to reform to modernize the country – still refers to the German newspaper – and generate growth and sustainable development in the long run.” Lack “the preconditions for a new aid program based on three years.”
The negotiations will be “incredibly difficult” because the figures of the Greek proposals “are not credible,” he said before the Eurogroup meeting the German Minister of Finance Wolfgang Schaeuble, reiterating that debt relief “is not provided by the Treaties.” “I do not see how we can easily reach an agreement: the greek government has done everything to undermine confidence,” he has weighed in the German Finance Minister before the extraordinary meeting of the ministers of the euro countries Greece. The goal is to determine if there are conditions, according to the proposed commitments submitted by Athens, to open negotiations for a new bailout for Greece.
“It will be a meeting quite difficult, yet we did not There are many criticisms of the Greek proposals on the substance and a big deal of confidence, “he braked even today the president of the Eurogroup Jeroen Dijsselbloem explaining that the greek government should” show great commitment to rebuild trust. “
The reform plan developed by the government of Alexis Tsipras who must now convince the Eurogroup has been approved in the night by a large majority (251 yes, 32 no, 8 abstentions explicit absent 9) by 300 members of Parliament greek. Seventeen of the votes against came from Syriza, that the program of its leader was divided.
Defense Minister Panos Kammenos explained that he had voted yes, “not to fear the exit of Greece from ‘ euro, but the division of the nation and civil war. “
EU Commission, ECB and IMF” have made a first joint evaluation of proposals to reform the Greek sent Thursday night, and under certain conditions they see the proposals as a basis for negotiations, “was the statement that instead yesterday had spread optimism about a deal close.
On the Greek crisis was also attended by Prime Minister Matteo Renzi explaining that it seeks a solution” but the EU risks much. Or is growing again or austerity kills the European ideal. “
The reform plan proposed by Greece” can provide a basis for an agreement on a new
aid program, “said EU Commissioner for Economic Affairs, Pierre Moscovici, arriving at the Eurogroup meeting. The greek government “has made a major move,” he added, and the EU Commission “worked from the beginning to the integrity of the euro. This remains our goal today. “
” Greece has made an important gesture to which was added a vow of mass “of the greek parliament” and that is a sign of commitment, “said Moscovici. “It takes solid reforms and put in place quickly, here is the key because you can unlock the program and also address the issue of debt,” Moscovici stressed.
“The new proposals, though not perfect generate trust with creditors. Add to that the support of the greek parliament and everything is ready for an agreement this weekend, “he tweeted the leader of the European Liberal Democrats at the European Parliament Guy Verhofstadt, who had scrubbed the greek prime minister during the debate in Strasbourg.
“I see a major problem with the analysis on debt sustainability. We’ll see what the institutions will bring on the table, “said cold Slovak Finance Minister Peter Kazimir his entry to the Eurogroup on Greece.
” For the first time we have a commitment to review our debt. This agreement is better on several points compared to what was presented to us as an ultimatum, “Tsipras told the BBC after the parliament greek yes to his plan.
” Now the government has a strong mandate to deal with creditors – continued Tsipras -. The plan involves several proposals that are far from our promises but is slightly better than what we were presented last month by creditors “ . As for the 17 members of his party who have not participated in the vote, abstained or voted against, the leader of Syriza has only said that “the priority now is to get a positive result from the negotiations. Everything else in his time. “
The alarm’s defense minister greek. ” I want to say clearly that I have no fear the Grexit. I’m afraid of one thing: the division of the nation and the Civil War, “said the defense minister in the parliamentary debate the night in which he announced that he would vote in favor of the proposed reforms presented by Tsipras, against the instructions of his own party .
The creditor institutions of Greece said they were satisfied nitanto proposals for reform presented by the government in Athens as part of the request of the new program support. The European Commission and the ECB, with the help of the IMF, have examined the proposals and request the ESM, evaluated the sustainability of the greek debt and quantified the financial needs of the country. According to reports, the new program is expected to amount to 74 billion euro, of which 58 billion from the bailout fund ESM and 16 billion from the IMF, which would again be involved.
Cuts and taxes to 12 billion. Among the measures proposed by Tsipras and approved by Parliament, the farewell to pensions baby, surrender to the discount VAT for tourist islands, and the tax increase for owners and companies. Savings on pensions between 0.25 to 0.50% of GDP in 2015 and 1% from 2016 onwards, gradually cutting the baby pensions (creating disincentives) and raising the retirement age to 67 years by 2022.
Via the discount VAT to the islands by 2016, tax rate increased to 23% for restaurants and catering, and hotels at 13% is still expected as the proposed reforms Greek arrived Eurogroup. Cuts in defense rise instead of EUR 300 million by the end of 2016.
Then there is the tax increase on the operators, the tax on luxury goods (from 10 to 13%), of the enterprise (from 26% to 28%), but also the solidarity surcharge on income and, if necessary, of the tax on real estate after the cadastral revision.
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