Tuesday, June 2, 2015

Greece. Athens and its creditors will unveil their proposals – Ouest-France

It is through the development, by Athens and its creditors, two competing reform programs that the protagonists have a few days to reconcile.

The first confrontation between the proposals of each other should intervene Wednesday night during a meeting between Greek Prime Minister Alexis Tsipras and the President of the European Commission Jean -Claude Juncker.

M. Tsipras will visit this appointment Brussels, Greek government source said Tuesday evening, “in his luggage with the Greek proposal” , the source said.

46 pages of reforms and budgetary measures

This proposed agreement, with 46 pages of reforms and measures Athens budget which would undertake to obtain payment of 7.2 billion in loans, was sent on Monday 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 offer agreement to the Greek leaders.

According to a European source, this plan will be presented to creditors this week Alexis Tsipras “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 by that date to consider the future payments of the month.

No ultimatum

If the details of the plans of Athens and Brussels are not known, differences yet 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 is really inadequate” a Does it said Tuesday in an interview on Dutch television.

“We are not there yet” , also said Annika Breidthardt, spokesman of the Commission for Economic Affairs.

The European Commissioner for Economic Affairs, Pierre Moscovici, estimated that there is a “way to go” , but he also spoke of “serious progress” , including 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.

Warnings against too great sacrifices

According to the Greek government, the Athens proposals are in line from the gallery of Alexis Tsipras broadcast Sunday by the French newspaper 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 overhaul 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 current leftmost Syriza party of Mr. Tsipras, took office in January, in fact multiplies warnings against too great renunciations.

The green fire of creditors must be made no later than June 18

“If the agreement is bad for the government, the people and the country, he will not even submitted to parliament … there will be elections “, warned Tuesday the Secretary of State for Social Insurance, Dimitris Stratoulis. The proposal of the creditors is not an ultimatum to take or leave, took care to specify an EU source, but “initiative to accelerate discussions” that then time is short.

In order for the agreement to be established before the end of the second aid package to Greece June 30, green fire creditors must occur not later Eurogroup of 18 June

The technical experts will take stock Eurogoupe Wednesday during a conference call.

Reflecting the challenge of these negotiations and their political dimension: the initiative Monday night to gather the foot-up with Angela Merkel in Berlin, where French President Francois Hollande was movement, the main protagonists of the Greek case: the IMF Managing Director Christine Lagarde, president of the European Central Bank Mario Draghi, President of the European Commission Jean-Claude Juncker.

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