Athens (AFP) – Bluff, unconsciousness or true determination, the Greek government has shown a willingness Friday to end the Troika to give up seven billion euros EU expected end of February, while the coffers are already vulnerable, bringing fears of a Greek exit from the euro zone.
The Greek Finance Minister Yanis Varoufakis reiterated indeed officially to the boss of the area euro Jeroen Dijsselbloem remarks made by Prime Minister Alexis Tsipras and by itself for several days.
Greece wants to be “the greatest cooperation with the institutions” such as the EU, the ECB or the IMF, but has not “intend to cooperate” with what he called “a tripartite delegation, anti-European, built on a shaky foundation,” the troika.
Since 2010, these experts from the three major institutions, regularly travel to Athens to dictate to the government that it needs to undertake reforms in exchange for 240 billion euros have largely been paid to him to save the country from bankruptcy.
This regular presence, under heavy police surveillance, had become quite intolerable to the Greeks, the first victims of the crisis with more than 25% unemployment, and wages halved. They saw an infantilization of their country. To the point that the last two meetings, under the previous government, took place in Paris.
These experts had to decide the end of February if Greece had made enough reforms to deserve the last seven billion of plan Using the EU. With statements from Friday, this deadline seems null and void, and the Greek government gives no sign that it will request an extension
-. This date means nothing –
MR. Varoufakis observed indeed that there would be no logic to “criticize the program while calling for its extension”
Already Thursday, told the New York Times, Mr. Varoufakis indicated.: “The seven billion, we do not want, what we want is to rethink the entire program.”
Already last week, yet candidate, Prime Minister Alexis Tsipras said that the date February “meant nothing and was just intended to create a sense of urgency for the next government”
During the joint press conference with Mr. Varoufakis Mr. Dijsselbloem -. which had earlier met Mr Tsipras – appeared very tense, unable to remember that “ignoring the agreements is not the right path to take”
This is the implications of the position. Greek can be enormous: “I think the probability of a Grexit (a Greek exit from the euro zone) took a few percentage points,” observed to AFP Alexandre Delaigue, professor of economics at St. Cyr.
“A solution where everyone saves face away,” he thought.
“These people do not bluff, but Greece is not going to succeed get to the end of February, “Theodore was alarmed Pelagidis, the think tank Brookings, Bloomberg.
” The situation will get worse by the day, with the front line the banks of the country, ” -t he said.
According to the newspaper Kathimerini in fact, there is currently less than two billion euros into the coffers of the Greek state, which have disappeared in late February. And public finances are even worse than the Greeks for some stopped paying their taxes during the election campaign, waiting to see what would come out of the ballot box
-. ‘More time half measures’ –
What seeks Greece’s pretty clear, “a European New Deal”, as explained by Mr. Varoufakis Wednesday. That is, try to find a flaw in the euro area to try to convince some countries to come together against fiscal orthodoxy defended in particular by Germany.
This is how Mr. Tsipras and he will travel next week to see their counterparts in France and Italy, seen as the major countries that could be more sensitive to anti-austerity speech.
The other big claim of Greece is renegotiating its debt. Mr. Dijsselbloem opposed Friday at the “conference” desired by Athens about it, and do not reject the IMF Managing Director Christine Lagarde. He dryly observed that “this conference is, and that’s the Eurogroup.”
But the French banker Matthieu Pigasse, head of Lazard to advise the Greek banking restructuring fund, for his part felt that a restructuring “absolutely necessary” and that it was necessary “to halve the debt held by public institutions will in Greece”, roughly 100 billion euros.
All these announcements have disrupted the Athens Stock Exchange, which has relapsed (-1.59%), while the Greek 10-year bond leapt to more than 11.5%, a sign of great distrust of markets .
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