Head of the European Commission, Jean-Claude Juncker believes that Greece’s request for an extension of financial support is a positive sign, which could pave the way for a compromise – said on Thursday, a spokesman for the European Commission Margaritis Schinas , photo:
Germany eagerly waiting for the traffic of Athens in the dispute over the future of the aid program for Greece. But the request for an extension of the program, which the Greeks finally sent to Brussels, not like in Berlin. A spokesman for the German Ministry of Finance reported that authorities in Athens are trying to secure a temporary financing program without meeting the conditions of the aid. It does not have the consent of Berlin. German Chancellor Angela Merkel said yesterday that Germany will help Greece unconditionally. Stressed that European solidarity is not one-way street. – Solidarity and own effort are two sides of the same coin – she said.
KE: Greece’s application may pave the way for a compromise
The head of the European Commission, Jean-Claude Juncker believes that Greece’s request for an extension of financial support is a positive sign, which could pave the way for a compromise – said on Thursday, a spokesman for the European Commission Margaritis Schinas.
– Chairman Juncker thinks this letter (Greece – PAP) as a positive sign, which, in his opinion, could pave the way to a reasonable compromise in the interest of stability of the euro area – said the spokesman.
He added that the Greek government on Thursday asked for an extension of the “main contract for financial assistance mechanism”, which is the legal term “to describe the current bailout program for Greece.”
– Detailed review of the letter and the response to it will now be a task for the Eurogroup – Schinas said. The Eurogroup, which finance ministers of the euro zone, will meet in Brussels on Friday, in the chair. 15. < br/> Commission spokesperson that the Greeks requested an extension of six months of the financial assistance agreement with an English name Master Financial Assistance Facility Agreement (MFAFA) signed in 2012. Between Greece and the European Financial Stability Fund.
Friday meeting
On Friday at 15.00 meet the finance ministers of the euro zone and take another attempt to reach an agreement.
Greece asked for an extension of the aid program for six months. But – according to agency reports – request does not include the conditions under which so far have been granted a loan, which is significant savings and painful reforms. Eurogroup considers, however, that the existing rules for financial aid can not be changed, allows for modification, but in the new agreement.
– It is important that there has been an extension of the aid program, along with earlier commitments, because that will allow you to instantly transfer money and give time to negotiate a new aid between Greece and the Eurogroup – said yesterday the Vice-President of the European Commission, dealing with issues of euro Valdis Dombrovskis .
Now, the application of the Greek government took care of EU experts, who have to assess whether it is possible, and if so, in what form, a compromise solution to the dispute on the line in Athens and Brussels. If there is no agreement next month Greece stop receiving loans, which in the long term, it can lead to bankruptcy.
Athens promise to “balance the budget” savings reject
The document was sent to the Greek government Eurogroup by Reuters, that Athens committed to maintain financial balance in the near okresie.Zapewniły also that immediately implement reforms to combat corruption and failure to pay taxes, as well as a move to counter the humanitarian crisis and stimulating the economy.
The document also includes ensuring that the government Ciprasa fulfilled all obligations to the lenders under the existing agreements with the EU and the International Monetary Fund, which continue to be applied as a framework agreement. Greeks finally undertook not unilateral action that could undermine the fiscal targets.
Extension “credit agreement” would be supervised by the European Commission, the European Central Bank and the International Monetary Fund, which means Ciprasa concession, which announced the completion of cooperation with t he inspectors of the three institutions – the so-called. Troika.
Reuters reports that the six-month period, referred to as temporary, would be used to negotiate long-term contracts having the effect of reducing the debt of Greece and its exit from the crisis of the economy.
Peter Kuczynski (Xelion): The Union and Greece will find a temporary compromise. If not, the financial markets to frighten
Newseria.pl
Friday deadline for an agreement to Greece with Euroland is not final – says Piotr Kuczynski, chief analyst at Investment House Xelion. In his opinion, the risk that the two parties fail to reach a compromise, it is not great, but at the moment they both insist firmly in his own mind.
– It is not known, however, whether through Friday will succeed. We are talking about Friday, because later parliaments must have time to approve the program. But we know very well that it does not have to be a Friday, it may be next Friday. It is just a matter to “tweak” the Greeks – says Piotr Kuczynski.
As he puts it, the Greeks are playing at the moment in good and bad cop. Janis Warufakis, Greek Finance Minister for a change of Prime Minister Alexis Ciprasem European politicians that give hope for a compromise, it harden positions.
– In this way, they play on the nerves of the EU, which also plays a hard cop, and as we all play, it all turns into a game called “chicken game”. Two cars are opposite each other, or to collide, or one chicken out. I think that at the last moment, both chicken out and can Otra a little side by side, but somehow there dogadają. At this stage, I think that even dogadają.
Greek Finance Minister downplays the failure of talks with the EU ws. Debt
EU EBS / x-news
Greece wants to donate a long poorest
applies to both individuals and companies that have money in arrears. Alexis Tsipras Cabinet hopes to secure at least some of the backlog.
Greek Ministry of Finance announced that small debtors, who will pay a minimum of 200 euros in advance, then they could count on a reduction of up to half, the rest of their obligations. On the other hand, those who are guilty of the state to 300 euros, will be exempt from having to pay the money. Greeks your debt can also pay in installments. Nadia
Valavani Deputy Finance Minister accused the previous government of conservative New Democracy “turning a blind eye” to the debtors kilkumilionowymi commitments.
Greek Ministry of Finance estimates that the total debt of the Greeks was 76 billion. Mainly arising from unpaid taxes and social security contributions. But the Greek finance ministry hopes that actually manage to get only 9 billion.
Meeting these measures to assist in the completion of the electoral promises of radical leftist SYRIZY, which announced an extensive program of social policy.
KE: “worrying trends” in the markets because of Greece
The protracted discussions on the extension of the aid program for Greece cause “worrying trends” in the markets – said the Vice-President of the European Commission on Wednesday for. Euro Valdis Dombrovskis. He added that at the request of the Eurogroup awaits Greece ws. Program.
– We need to see on paper what exactly will ask the Greek government. Then we will be able to comment – Dombrovskis said at a press conference in Brussels, commenting on the announcement of the government in Athens that it occurs to an extension of the Eurogroup “credit agreement”, apart from the conditions, imposing spending cuts and reforms. According
Dobrovskisa necessary to clarify what is meant by the term “credit agreement”. He stressed that during Monday’s Eurogroup meeting, it was clear that the eurozone needs from Athens to requested that the entire aid program – together with the conditions upon which the assistance.
Janusz Lewandowski: Spanish and Portuguese do not Greeks donate debt
TVN24 Business and World / x-news
The EU will extend assistance program?
– The most realistic way forward is to extend the current aid program respecting the commitments thereunder, while allowing for some flexibility – if, for example. The Greek authorities wanted to replace some of the activities provided for in the other measures having the same effect Financial – Dombrovskis said.
According to him, the program will gain an extension of time to talk about the new “contract”, which could be concluded between Greece and its creditors.
Dombrovskis noted that Greece’s economic situation does not develop in a positive direction. “We are seeing some disturbing trends. To remedy them markets must be ensured that there is an agreement made between Greece and the Eurogroup and other institutions involved in the bailout program for Greece,” – he added.
stressed that until the end of the negotiations the Greek authori ties should also take “unilateral steps”, which would mean a withdrawal from the reforms envisaged in the assistance.
Greece wants to put on your
bailout for Greece will expire on February 28. Eurogroup (the finance ministers of the euro area) gave Athens time until Friday to apply for an extension of this program. If the Greeks do not, it does not get further loans.
new leftist government of Greece insists however change the terms of loans, so that the social costs were less severe.
On Wednesday, Prime Minister of Greece Alexis Cipras said that negotiations with the euro zone are at a crucial moment, and hoped to overcome difficulties. In his view, the request to put an end to austerity gaining ground in other EU countries. “In the whole of Europe were protests in support of the steps taken by Greece and through contacts with the leaders of other countries for the first time we were able to create a positive attitude to these demands,” – said Cipras. In 2010-2014
Greece received from the European Union and the International Mo netary Fund 240 billion euros in rescue programs, which spared it from bankruptcy.
IAR, PAP, Newseria, abo
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