Debt crisisVaroufakis sees responsibility with Merkel
On Monday, the EU leaders want to talk about the future of Greece. The European Commission has sent the Greeks a final timetable for agreement. In the Sunday paper appeals Greece Finance Varoufakis to the German Chancellor.
06/20/2015
Greek Finance Minister Yannis Varoufakis appealed to German Chancellor Angela Merkel, in the escalating Greek crisis come to a decision: "The German chancellor is on Monday before a crucial election," he writes in an article for the Frankfurter Allgemeine Sonntagszeitung: "In an honorable agreement to enter with a government that has, bailouts' and rejected a negotiated solution seeking. Or follow the sirens from their government, encouraging them to cast the only Greek Government overboard that is principled and can bring the Greek people to the path of reform, "writes Varoufakis:" This election, I am very much afraid, they must meet. "Greek Finance pushed the Chancellor so that the responsibility for the next step in the Greek crisis.
While others are trying to scale down the expectations to the summit on Monday to Varoufakis was convinced of the importance of the day. "Now everything depends on the extraordinary EU summit on Monday," writes Varoufakis. He was willing to further compromise, should the Chancellor on Monday send a clear signal. "We on our part will come with the determination to Brussels, further compromise, as long as we are not asked to do what previous governments did: new debt to accept under conditions that offer little hope that Greece's debt can repay, "Varoufakis wrote. But he did not give details of a compromise offer.
© AFP
"What does not work: from the euro retire, unable to repay its debts, but expected that the funds from the EU budget continue to flow merrily": Martin Schulz
The President of the European Parliament Martin Schulz (SPD) warned the Greek government, meanwhile, strongly against a break with the euro zone. The Sonntagszeitung said Schulz: "What does not work: from the euro retire, unable to repay its debts, but expected that the funds from the EU budget continue to flow merrily."
Schulz suggested so that Athens could not stay in the European Union when it leave the euro zone. He stressed that he would do everything to prevent it from coming to.
EU Commission presents roadmap for unification Athens
The EU Commission sent Athens to information the Sunday newspaper on Thursday a recent roadmap to agreement on a program of reforms. She holds it firmly to the previous vertices. The Greek Government must therefore annual savings or additional revenues amounting to 2.5 percent of their economic output to achieve, that is 4.5 billion euros. Each one percent (1.8 billion euros) must be provided by structural reforms in the pension system and by higher VAT revenues. While Athens has now presented proposals for the equivalent of 0.75 percent of economic output in the value added tax, absent any further proposals for significant savings in the pension system. Instead, the Greek government aims to generate revenues of almost 2 percent of economic output with additional taxes, levies and fees. Creditors, however, doubt that this forecast is realistic, they also fear that the economic power is paralyzed by it.
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The schedule of the Commission looks after the report of the Sunday newspaper this: Athens takes in the coming week the cornerstones of the creditors and backed them with credible reform commitments. Then it brings the reforms through parliament. Until mid-July then decide the euro States, in five cases the parliaments, including the Bundestag: on the disbursement of 3.7 billion euros from the current program, via its extension until at least September and an increase in funding. According to EU requirements could be rezoned about six of eleven billion euros that were originally intended for the recapitalization of Greek banks. So a few months would be won - time to negotiate a third rescue package. In this connection it should be talked about the restructuring of Greek debt. However, the Commission made it clear: Athens can currently expect only with a vague promise for it must fulfill its promise first.
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