Around 6.00 am on Monday, after 14 hours of hard negotiations, Prime Minister of Greece and Chancellor Germany had lost hope for the agreement and want to end the conversation. According to the British “Financial Times” firm attitude he showed Donald Tusk and this probably saved the negotiations.
According to the “FT” at dawn Greece was supposed to be very close to leave the eurozone, and negotiations were at a standstill. Greek Prime Minister Alexis Cipras and German Chancellor Angela Merkel have said that they see no possibility of compromise, and therefore further talks do not make sense. 
“There is no such possibility”
However, when Cipras and Merkel began to leave, definitely react was the head of the European Council Donald Tusk . – Excuse me, but this is not possible, would you leave this room – he said, trying to save themselves facing unprecedented exclusion from the euro area one of its members.
The most difficult issue in the negotiations was to be the size and allocation of part of the Greek state assets that would have been transferred to a special trust fund in Luxembourg.
German Chancellor wanted it to be a fortune worth 50 billion euros, of which privatization would cover the debts of Greece. Greek Prime Minister claimed that such a solution would be too humiliating for his country, and proposed the transfer of smaller parts, revenues from privatization and which would have to be invested in Greece.
for Grexitem Germany, France against the
As the log, after returning to the table discussions agreement was reached after more than an hour, in which an important role also played “very strong support for the Greek government shown by France”.
Greek compromise …
read more “
– Germany were pushing for Grexit, but I am strongly against such a solution – said after the talks, French President Francois Hollande. – The Greeks do not expect solutions charity, but European solidarity and humiliating them would be the worst thing we could do – he added.
“FT” also quotes an anonymous EU diplomat, who had said that Cipras had been “crucified by lenders “.
Talking about the new scheme
The euro countries agreed on Monday to launch negotiations on a new aid program for Greece. In return, the country will have to make difficult reforms and pass on part of the property into a special fund.
Some of the reforms on VAT or pensions Greek parliament is expected to adopt already by Wednesday. The total value of the new aid program for Greece is expected to be between 82 and 86 billion.
Author: mm // rzw / Source: Financial Times, PAP
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