Athens and its creditors offer two plans to save Greece – Le Figaro

The two parties must negotiate to achieve the release of a tranche of vital loans to the financial survival of Greece. They must find an agreement before the end of the week.

The negotiations to achieve the release of a tranche of vital loans to financial survival Greece entered a decisive phase with the development, by Athens and its creditors, two competing reform programs that the protagonists have a few days to reconcile.

Unless dramatic turn of last minute, proposals of the each other to be presented Wednesday night during a meeting between Greek Prime Minister Alexis Tsipras and the President of the European Commission Jean-Claude Juncker. Alexis Tsipras is to make this appointment Brussels, Greek government source said Tuesday night, “with his bags in the Greek proposal,” the source said.

A return to the IMF Friday

“complete” and offers “realistic”

This proposed agreement includes 46 pages of reforms and budgetary measures which commit themselves Athens for the payment of 7.2 billion of loans. She was sent Monday night to the EU, ECB and IMF, in charge of financial assistance to the country since 2010. According to Alexis Tsipras, this is an offer “complete” and “realistic.”

But the creditors of Greece also floored in turn, on the basis of technical discussions for several weeks between representatives of both parties, and they have their own supply agreement to the Greek leaders . According to a European source, this plan will be presented to creditors Alexis Tsipras this week “to conveniently reach an agreement on Friday.” That day, Greece, whose finances are dry, must repay a portion of loans of 300 million euros to the IMF, the first installment of a total of 1.6 billion euros due to the institution of Washington in June.

Athens has the funds to make the payment 5, according to a source familiar of these transactions, but the radical left government suggested that agreement pledges would be welcome here that date to consider the future payments of the month.

It remains “way to go” to reach an agreement

If the details of the Athens plans and Brussels are not known, the differences seem sufficiently numerous to Jeroen Dijsselbloem, head of the Eurogroup and Finance Minister of the Netherlands, has tempered optimism: “progress is being made, but it’s really not enough” has-t he said Tuesday in an interview on Dutch television. “We’re not there yet,” also said Annika Breidthardt, spokesman of the Commission for Economic Affairs. The European Commissioner for Economic Affairs, Pierre Moscovici, said it remains “long way to go,” but he also spoke of “serious progress”, particularly on the thorny issue of the pension system and VAT.

A European source said the change of atmosphere in the discussions between the two parties now seem to understand themselves better. According to the Greek government, the Athens proposals are in line with the stand of Alexis Tsipras broadcast Sunday by the French daily Le Monde: primary budget surplus (excluding debt burden) lower than expected for 2015 and 2016 but higher for subsequent years, “a major reform of VAT,” the reform of the social security system via the unification of the unions, abolishing early retirement, privatization process. In return, he insisted on the need not to further unravel the national labor legislation, and not to make further cuts in pensions. The countdown is started.