IMF apparently torpedoed compromise between Athens and EU
Negotiations with Greece are overshadowed by tensions between the IMF and the EU Commission. Apparently, the IMF blocked a compromise, the Commission had offered to Juncker. The IMF denied.
06/13/2015 from THOMAS GUTSCHKER
Apparently unconvinced by Juncker compromise proposal on Greece: IMF chief Christine Lagarde
The possibly crucial negotiations between Greece and its lenders on a reform program to be overshadowed by fundamental tensions between the EU Commission and the International Monetary Fund (IMF). As the Frankfurter Allgemeine Sonntagszeitung learned from the circle of negotiators, the International Monetary Fund torpedoed a compromise that had been prepared in the past few days.
Author: Thomas Gutschker, editor in departmental policy in the Frankfurter Allgemeine Sonntagszeitung.
Accordingly, Athens could defer cuts in small pensions, if it reduces its military spending by the same amount in return. It's about 400 million euros. This proposal had President Jean-Claude Juncker said Greek Prime Minister Alexis Tsipras submitted, apparently with the approval of Chancellor Angela Merkel and French President Francois Hollande.
The IMF does not accept swaps of this kind, said a negotiator of FAS "We will negotiate, but we have no mandate for it," he said. On the part of the Commission, therefore, on Saturday there was great skepticism as to whether an agreement is still possible. Tsipras had a reduction in government surcharges on low pensions in all the discussions this week ruled out categorically. The negotiations should start this Saturday by 17 clock in Brussels; Athens Nikos Pappas was expected, the right hand of Tsipras.
Made and withdrawn side agreement
The IMF denied on Saturday night, he had torpedoed a compromise between the European Commission and Athens. The statements of the anonymous sources are wrong, told IMF spokesman Gerry Rice the German Press Agency in Washington. Preceded by the reports were the fact that the IMF had recalled this week his negotiators to Washington and stated that there was "large differences in most key areas."
More on the subject
- Euro countries advise first time on Greek default
- Ela-loans in Athens almost reach record levels
- Guest Post: do not hold Greece at all costs
Read more in the Sunday newspaper from 14.06.2015.On the eve already in the FAS app and as e-paper .
As the FAS learned this hung scandal along with the tensions between the Commission and the Monetary Fund.They date back to a meeting at the chancellery two weeks ago. Here, the three institutions (Commission, ECB and IMF) had agreed on a framework paper with claims on Greece. They decreased in the primary surplus in the budget, which has to reach Athens in this and in the following years, on 1, 2, 3 and 3.5 percent of economic output.
However, there should have been a side agreement, as the FAS of participants of the meeting learned: If at the end of only 0.8 percent for the current year to be enforceable, everyone involved would be satisfied. IMF chief Christine Lagarde agreed, albeit reluctantly, in this agreement, but took her in a telephone conversation with German Chancellor Angela Merkel on the following day back.Thus Juncker had lost any scope for talks with Tsipras this week. A European negotiator said the FAS on Saturday: "It is completely paradoxical. At the end of an institution decides the fate of Europe, behind which no nation stands. "
Topics for this post:
Other Recommendations
powered by plista
© Frankfurter Allgemeine Zeitung GmbH 2001 - 2015
All rights reserved.
All rights reserved.
No comments:
Post a Comment
Please leave a comment-- or suggestions, particularly of topics and places you'd like to see covered