Greece and creditors continue to deal with, even beyond the last minute available. The extraordinary Eurogroup, hastily convened by teleconference to discuss the request for Tsipras of extra time to negotiate a third rescue, rejects the application, but is updated to Wednesday.
Waiting for a new proposal that Athens undertook to send. The thread of the dialogue becomes more subtle but does not stop, despite the harsh tones and mutual distrust among the protagonists of the negotiations. And from tomorrow for Athens opens a new page will be officially without an aid program to support it and ‘in arrears to the IMF, unless they get a delayed payment of the 1.7 billion euro that was today. A country started to default on July 20, when it will have to repay 3.4 billion to the ECB, with the government’s coffers almost empty.
Before that, Tsipras wants to negotiate a third floor, which also includes an agreement to cut debt. But Merkel exclude that such negotiations can take place before the referendum on 5 July. The latest offering that Tsipras today sent to creditors, looking for a last-minute agreement that scongiurasse the midnight deadline of the aid plan, was far from the last offer of mediation of President Jean Claude Juncker. The premier called for a new ESM loan for two years and a restructuring of the debt to the fund EFSF. Two requests that break almost two taboo in Europe.
And for that the Eurogroup has dismissed after just an hour of comparison. There were not even the time required for an extension of the current plan, they know the ministers. The proposed Juncker, however, remained within the confines of the current program, to unlock aid still remained, that is, 1.8 billion of the fund EFSF plus 10.9 of the fund for the recapitalization of Greek banks.
Money from midnight “no longer available”, tells the fund led by Klaus Regling, who “regrets” the program expires. But, with the disappearance of the second aid program, the hope of Tsipras is that the EU open to negotiations immediately on the third package, which may bury forever the hated Memorandum related to previous agreements. Merkel, however, slows down the expectations Greek: “Berlin will not consider the possibility of a third bailout for Greece, as proposed by Athens, before the outcome of the referendum next Sunday.”
The chancellor, who until now has never wanted to do neither concessions nor the debt discussions on the third package, still leaves the door open: “Of course, not even after midnight will cut threads of dialogue, or we would not be the European Union,” he said at a press conference in Berlin. And her finance minister, Wolfgang Schaeuble, also reassures the consequences of a possible victory of the ‘Noh in the referendum: “Would not it be a Grexit,” he said, reiterating the line of defense of the euro area chosen by Berlin. But the pressure on the negotiation is not in one direction. From the US, for example, Obama asked to continue the talks. It is not just words: Treasury Secretary, Jack Lew attaches to the phone and called many “colleagues” to convince Europeans to open a chink in Athens.
We need a compromise, he repeated to all. The EU, however, does not seem prepared for the moment to abandon Greece. “At this time hath reopened the dialogue,” he said this morning the president of the S & amp; d at the European Parliament, Gianni Pittella. And Prime Minister Matteo Renzi has heard the phone Tsipras. If it were an agreement before July 5, they know European sources, Athens could also withdraw the referendum or take sides in favor, as requested today in exchange Juncker delivering its latest offering. Meanwhile, tomorrow the Eurogroup expects a new proposal for Athens, and will discuss the plan of reforms that have made today to ministers in support of the third package asks. The plan is now being examined by the Commission, which will give its opinion.
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