Greece’s debt. Heads of government is still looking for a solution to the crisis – Money.pl

Greece's debt. Heads of government is still looking for a solution to the crisis – Money.pl

2015-02-20 6:35

The head of the Greek government Cipras Alexis [Photo: PAP / EPA]

Prime Minister of Italy, Matteo Renzi, the head of the Greek government and the head of Alexis Cipras European Commission, Jean-Claude Juncker spoke on Thursday as part of efforts lead to a compromise on the continuation of support for debt-ridden Greece.

She told the Reuters news agency, citing a source in the Italian government. The Greek government proposed on Thursday with eurozone partners to extend by six months the credit agreement , which – in contrast to expiring in February aid package – does not include the extension of the existing memorandum provides for savings.

Athens committed that remain at the time the budget is balanced. Informed the Greek government source, quoted by AFP.

The Ministry of Finance of Germany, directed by Wolfgang Schaeublego (CDU) rejected the request for an extension of Greece’s financial aid as little pithy and incompatible with the criteria laid down on Monday in the euro area . The Vice-Chancellor and Economy Minister Sigmar Gabriel (SPD) has concluded that the proposal of the Greek government is the first step in the right direction .

Greeks pledged not to take unilateral actions that could undermine the fiscal targets. Extension of the 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 the 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.

Eurozone countries have given in Monday to Friday Greece time to bring forward an extension of the current aid program, which expires on 28 February. The Eurozone warned that Athens would otherwise not receive further loans

Authorities in Berlin stressed that the extension of the program is inextricably linked to the implementation of reforms under the current bailout plan, which is valid from 2010 roku.Z recent statements by the Greek Government indicated that the proposal will not include Athens recent austerity measures that the Greek authorities do not want to make, for example. VAT increase or alleviate labor law – writes AFP.

In 2010-2014, Greece received from the EU and the IMF 240 billion euros in rescue programs, which spared it from bankruptcy. The new government in Athens wants now called. bridging agreement instead overseen by the Troika (European Central Bank, the European Commission and the International Monetary Fund), the current aid program.

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