Greece breaks? Cipras writes a letter to creditors – Banker

Prime Minister of Greece
 Aleksis Cipras is ready to accept most of conditions set by the international
 creditors – informs the “Financial Times”. The majority of Greeks still opposes adoption of the proposal. Meanwhile, German Finance Minister Wolfgang Schaeuble rejected on Wednesday the latest initiative of Prime Minister Ciprasa.

 
 
 

Reporter “FT”
 Peter Breugel reached a new letter, in which Cipras
 asks the European Commission, the International Monetary Fund and
 The European Central Bank. In exchange for accepting the conditions, Greece wants to get a third “bailout” conjure this time to 29.1 billion euros.

 

From the content
 the letter shows that Greece is ready to accept almost all the conditions required for them
 by foreign creditors. The only change in the proposal (former) Troika applied
 by Ciprasa it is to maintain a 30 per cent discount on VAT for the Greek islands. Simultaneously
 the head of the Greek government agrees to raise the retirement age to 67 years,
 but proposes that the level of this claim in stages rather than in one
 fell swoop.
 

Letter Ciprasa can be the basis for further talks, which showed readiness
 Eurogroup. The problem is that so far the Eurogroup said that after the expiry of the second
 package, which took place tonight, conditions granted to another,
 international support will be different and the requirements will be tightened. Her boss, Jeroen Dijsselbloem, like Chancellor Angela Merkel,
 He said yesterday that international institutions will consider a request from Greece for new
 aid program, but only after a referendum in this country, announced on 5
 of July. Despite this, about a new proposal to discuss today euro zone finance ministers. Conference call is scheduled for 17.30.

 

According to a survey conducted by “Efimerida tons Syntakton” in days
 June 28-30 opowiedziałoby 54% of Greeks against the acceptance of the terms “bailout”
 and 33% would support its adoption. The advantage of opponents of the referendum decreases
 But – before the closure of banks (June 29) they had run ratio
 57% -30%, after closing for a “no” voted only 46%, while for a “yes”
 37% of respondents.
 

IMF does not recover the money and nothing happened

 
 

According to Reuters, which cites sources in the euro area,
 Greek Finance Minister Janis Warufakis during a conversation with their
 EU counterparts appeal suggested a referendum, if it comes
 an agreement on a new, two-year aid program for
 Greece.

 

Germany reject the initiative Ciprasa

 

The German Finance Minister Wolfgang Schaeuble rejected on Wednesday the latest initiative of the Prime Minister of Greece Alexis Ciprasa, which – according to the British newspaper “Financial Times” – on Tuesday sent a letter to creditors with a proposal to sign an agreement with the EU and IMF.

 

Schaeuble told reporters that the second letter Ciprasa “does not explain anything.” The Minister of Finance pointed out that the last offer both creditors and a second aid program for Greece came to an end at midnight. “There is nothing that could be reject or accept” – said the politician. He emphasized that we are now dealing with a “completely new situation” due to the fact that Greece has not paid the IMF the current installment, which means that according to the terms of the IMF there was a “lack of payment.”

 

The German Finance Minister added that he sees no possibility of concluding an agreement before the referendum scheduled for Sunday on the aid program for Greece.

 

Terms difficult to accept the

 

Representatives of the euro area declared on Wednesday that a letter sent Tuesday to creditors by the Greek Prime Minister Alexis Ciprasa contains conditions accepted by Athens aid plan that, at least for part of the Government will be difficult to accept.

 

Source in the euro zone, stated that the proposals of Athens are still many uncertainties. “The letter appears, for example, reform of the labor market since the autumn. It is only one sentence, no detail,” – explained the source. “I do not think that the Eurogroup still believe in these promises in this shape. By the way, they (Greece) are asking for an extension of the scheme, which has just expired,” – added the source.

 

The government has so far Ciprasa encouraged voters to express themselves against the agreement. In the night from Tuesday to Wednesday the current aid program expires after the Greece refused to repay installments of € 1.55 billion to the International Monetary Fund.

 

European Commission evaluates proposals

 

The European Commission made a preliminary assessment of proposals Greek Prime Minister Alexis Ciprasa concerning the conditions for financial assistance and submit their conclusions Eurogroup – said Wednesday the European Commission Vice-President Valdis Dombrovskis.

 

According to him a letter with proposals Ciprasa, in which – according to the media – he expressed his willingness to accept the conditions put forward by the three institutions (EC, IMF and ECB), proposing some amendments, it could be the basis for negotiations on a new two-year aid program for Greece .

 

 
 

 

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