Monday, February 2, 2015

Athens, strong support Obama wants time to manage its debt – Boursorama

Athens, strong support Obama wants time to manage its debt – Boursorama

Greek Finance Ministers Yanis Varoufakis and French Michel Sapin at the end of a press conference on February 1, 2015 at the Ministry in Paris (AFP / Jacques Demarthon)

Ministers Greek Finance Yanis Varoufakis Michel Sapin and French at the end of a press conference on 1 February 2015 at the Ministry in Paris (AFP / Jacques Demarthon)

The Greek Finance Minister Yanis Varoufakis is expected on Monday London as part of a European tour to get a reprieve to manage its staggering debt, the unexpected strong support of US President Barack Obama.

“We can not continue to squeeze the countries that are deep depression, “has said Sunday US President on CNN about the crisis in Greece.

Key figures of the Greek debt (AFP / - P.Pizarro)

Key figures of the Greek debt (AFP / – P.Pizarro)

While acknowledging that the country had “dire need” for reform, Obama held that it was “very difficult to initiate these changes if people’s standard of living fell by 25%. In the long run, the political system, the company can not stand it.”

“A some point, we need a growth strategy to repay its debts, “said he argued.

The British Finance Minister George Osborne has meanwhile Monday welcomed to have “opportunity, so soon after the Greek election, to chat face to face with Yanis Varoufakis stability of the European economy and how to stimulate growth”

-. ‘again contract for Greece ‘-

Sunday in Paris first leg of his European tour, Mr. Varoufakis felt that “it would be reasonable to expect to have a new deal for Greece and all nations (EU) by the end of May “, after a meeting with his French counterpart, Michel Sapin.

” By then we will not ask new loans “to the creditors of Greece, he said, while the whole of Europe scrutinize carefully the first steps of the new Greek government, resulting in the formation of radical left Syriza and elected on 25 January.

The French Finance Minister Michel Sapin receives his Greek counterpart Yanis Varoufakis the February 1, 2015 at the Ministry in Paris (POOL / AFP / Jacques Demarthon)

The French Finance Minister Michel Sapin receives his Greek counterpart Yanis Varoufakis 1 February 2015 the Ministry in Paris (POOL / AFP / Jacques Demarthon)

“We desperately need the money” but “for five years, Greece has lived in expectation of the next tranche of loan, such as a drug addict, “said he was seeking” in agreement with the European Central Bank, the necessary funds, as has been done so many times in the past, not only for Greece. “

After London, the Minister will travel Tuesday in Rome, and later on a date for the unknown time in Germany.

Alexis Tsipras, head of the new government formed after the anti party -austérité Syriza is meanwhile arrived Monday in Cyprus, the neighboring Mediterranean island that has been, too, an international aid plan in exchange for draconian austerity measures to save it from bankruptcy . It must participate in a joint press conference with Cypriot President Nicos Anastasiades to 9:45 GMT

-. Berlin, ‘of course’ –

The markets are wondering how long Greece , at bay, may take financially.

Mr. Varoufakis asked that Europe gives him “some time” to explain the government’s position to the various partners of Athens, wishing to have “until the end of this month (February) to put on the table our proposals Detailed “.

” After, within a month, maybe six weeks, we could reach a deal, “he said at a press conference in Paris .

Mr. Fir assured that “France will accompany, assist, will always be there to found a channel, a solution that allows everyone to overcome its difficulties,” adding that it was in Athens that the coming days are “the most possible. “

quiet

Syriza has just taken the handles of a country struggling under a debt of over 300 billion euros (nearly 175% of GDP). Many countries, including powerful Germany, are wary of proposals

-. Rome and Paris to Athens –

On Saturday, German Chancellor Angela Merkel rejected any idea erase outright debt, largely owned by European countries, starting with Germany (€ 40 billion) and France (31 billion).

Mr. Varoufakis has not detailed the Greek positions, who want an “agreement that challenges the flat position, and that ties our repayments to growth” Greek.

The Minister assured that he would “much safe “in Germany, to discuss with his counterpart Wolfgang Schaeuble in Berlin and the European Central Bank (ECB) in Frankfurt, without specific dates.

For his part Mr. Tsipras will go after Cyprus Tuesday and Wednesday in Rome in Paris – after passing through Brussels to meet the European executive.

These two great capitals, run by leftist governments militate against austerity policies in Europe, and appear as allies of Athens.

Mr. Fir and Varoufakis largely reiterated that instead of Greece was in the euro, spreading an output of the countries in the single currency.

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