Friday, June 26, 2015

Greece does not want to extend the aid program – Banker

There is no consensus on the terms of Greece put to it by the creditors from the European Union and the International Monetary Fund. According to Athens, acceptance of the proposal to extend the aid scheme, combined with a demand acceptance successive reforms would increase the economic collapse of Greece.

 
 

According to Reuters, a representative of the Greek government
 He said that the Cabinet Alexis Tsipras does not have the mandate nor the moral
 the right to accept new aid program as presented
 by creditors. Earlier, Prime Minister Tsipras creditors alleged that the
 They blackmail his country the new conditions.


 

Meanwhile, European Commission chief Jean-Claude Juncker believes that there is a real chance for an agreement with Greece, and tomorrow will be a decisive day. The head of the European Commission firmly denies that the lender tried to blackmail the Greek authorities to force them to compromise on another loan. “There was no ultimatum, not in the way we conduct negotiations here” – said Juncker. He recalled that international institutions have made the Greeks compromise proposal, on which the authorities in Athens have some reservations.


 

According to a document with proposals for Greece’s creditors, details of which have already leaked to the press, the lender in exchange for the adoption by the parliament in Athens reform package, they want to extend an aid program for Greece and support it with additional 12 billion euros. At stake is also support in the repayment of loans. Greece would receive 1.8 billion on debt repayments to the IMF. The money will come from interest on Greek bonds, which are in the hands of the European Central Bank, which means in short that Greece will pay one creditor money second.
 

In return, the Greek parliament has voted to accept an agreement with its creditors providing for Specific reforms and adopt their first package.
 

IAR / BBC / RTRS / early. / LP / Dabra

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