Greece crisis: proposals last chance – TF1

“New concrete proposals of credible reforms.” This was Alexis Tsipras promised before the European Parliament in Strasbourg on Wednesday. Greek Prime Minister hopes to secure further financial aid from Europe, the third plan to contain the debt. For this, the head of the Greek Government must file its “comprehensive program” to its partners until Thursday midnight. It will then be reviewed by the creditors and submitted to the finance ministers of the eurozone. And if it is satisfactory, then the negotiations can resume on a new aid package to the Greece . Otherwise, it will be the crisis and the possible exit of the country of the single currency.

With already 240 billion euros of aid received, Greece must tackle floods of reforms to meet European requirements. Athens is committed to the reforms of tax and pension “from next week,” said the new Minister of Finance, Euclid Tsakalotos. Urgent and short-term solutions are also needed for the country to repay 20 July the European Central Bank, which keeps alive its economy through a financial drop by drop to banks still closed.

Geopolitical considerations, the Another element of the Greek crisis

In recent days, the creditors explicitly evoke the prospect of a Greek exit from the eurozone. Yet some heads of state refuse this perspective, not by sympathy for the Greek government but through diplomatic concern. Indeed, the country is located in a very sensitive area …

The IMF requires the restructuring of Greek debt
Christine Lagarde, IMF President, believes that a Greek debt restructuring is “necessary” so that Greece has a “sustainable debt”. Athens, which calls for a reduction of its massive debt, pledged Wednesday to present a new “credible” reform agenda, responding to the ultimatum issued by European leaders. Without direct voice on these proposals, Christine Lagarde spoke of “significant developments” and insisted that Greece was facing a “severe crisis that must be resolved.” She also assured that the IMF remained “committed” in this folder.

Japanese Prime Minister willing to assist
While Asian markets were also shaken by the crisis in Greece, Japanese Prime Minister explained that his country would work with the G7 countries and other Asian countries to ensure economic stability in the euro area. Thursday morning, the Shanghai stock market has gained more than 5% in mid-session, confirming its rebound.

No bank opening before next Monday
Greek television ads that banks will not reopen until Monday inclusive . The withdrawal limit was he kept at 60 euros per day. Foreign tourists can always withdraw money without limit.

Sarkozy: “An agreement is still possible”
Guest JT 20h Wednesday Nicolas Sarkozy has called for a “reasonable compromise” with Greece. “Today there are only bad solutions, the least bad would be to find an acceptable compromise,” said the former president. “But this compromise should not destroy the credibility of the 18 countries of the eurozone.” Without saying so explicitly, it does not show support for a rescheduling of Greek debt. He also criticized Athens and its lack of major reform. “If Greece is on the verge of bankruptcy, it is because she has not the tax administration needed to levy taxes,” said the former head of state.