While the Greek Finance Minister Yanis Varoufakis has officially confirmed that the country can not pay its Tuesday deadline 1.6 billion euros to the IMF, Athens has submitted to its creditors a new proposal help, in what looks like a last-minute attempt to break the deadlock. “The Greek government today proposed a two-year agreement with the ESM (European Financial Stability Mechanism [the European emergency fund]) to fully cover its financial needs, with a debt restructuring in parallel” , said on Tuesday govern in a statement.
An “extraordinary” meeting between the finance ministers of the Eurogroup is scheduled for Tuesday at 19.00 (Brussels time) to discuss the request for assistance from Greece, its chairman Jeroen Dijsselbloem and, according to rumors circulating in Brussels, Klaus Regling, head of the SS, could also meet Francois Hollande in Paris this evening to prepare for a move on Greek debt.
A form of cons-proposal, in fact: the President of the European Commission, Jean-Claude Juncker of his proposed next Monday, the Greek prime minister, Alexis Tsipras, a solution “last minute” containing the latest proposals of creditors put on the table last Friday in Brussels, before the Prime Minister called for a referendum.
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A Eurogroup could be convened
Jean-Claude Juncker, who spoke to Alexis Tsipras Monday by phone , has offered to send him a letter by midnight tonight, the President of the Eurogroup Jeroen Dijsselbloem, and German leaders, Angela Merkel and French, Francois Hollande, “accepting Saturday from proposals of the three institutions “, creditors, ECB, IMF and EU.
“Settings” of such a solution, according to Jean-Claude Juncker, “would include a response to the country’s financial needs and the question the debt sustainability “ in exchange for the commitment of the Greek government to campaign for the yes vote, said a spokesman of the Commission. In this case, a meeting of the 19 finance ministers of the euro area -l’Eurogroupe- could be called “to adopt a declaration on the basis of the lines already explained to Mr. Tsipras’ , Had does one European source said.
A support Syriza?
“The Office of the Prime Minister in Brussels said they were examining the new proposal made yesterday by the President of the European Commission, which includes debt relief in October and changes in the EKAS device [the bonus granted to the poorest pensioners] “ had said in the morning daily “Ekathimerini.”
Lawmaker Syriza, Stelios Kouloglou, ruled that “Juncker initiative must be seized” , in an interview with Greek radio. He said that “the presidents of all parliamentary groups in Brussels” had prompted Monday Juncker “to resume negotiations to reach an agreement even at the last moment” .
Merkel not ready to discuss before the referendum
German Chancellor Angela Merkel said her next Tuesday that she expected no further developments on Greece Tuesday, seeming to ignore the hopes of a last-minute agreement; she even advised during a meeting with members of his conservative party, that Germany was not ready to discuss a new Athens aid application before the holding of a referendum in Greece Sunday, according to a participant. Its Economy Minister and Vice Chancellor Sigmar Gabriel even further discussions related to the cancellation of the poll.
The Paris Bourse is bullish and gained 0.29% as a result of this information, as well as Wall Street opening.
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