Friday, January 30, 2015

Dispute between Euro group and Athens –

Dispute between Euro group and Athens –

You have promised the voters to end this collaboration with the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), because they reject the austerity, the new Greek Finance Minister Giani Varoufakis said after a meeting with euro group chief Jeroen Dijsselbloem in Athens.

The imposed austerity program was not implemented in practice. The Greek people have rejected it in the elections last Sunday. “Our first act as government can not be that we give up this position again, by requesting an extension of the program.”

Athens: Deflation unacceptable

However Varoufakis assured that Athens wants to implement reforms to make the Greek economy more competitive and strive for a balanced budget. Only one will accept no deflation and unsustainable debt. What this means in detail, he left open.

Dijsselbloem made it clear that he had warned the new government before unilateral action and asking them to adhere to the existing arrangements.

No conference on debt cut

The progress made so far in Greece should not be questioned again. Other European aid is conditional on Greece einhalte its obligations.

An international conference on a haircut, as the new government calls them, refused Dijsselbloem. “There is already such a conference and the euro’s group,” said Dijsselbloem. The reform controls the Troika are rejected by many Greeks as patronizing.

Prior to Finance Minister Schaeuble in Berlin, although expressed willingness to talk with the Greek government, the new Prime Minister Alexis Tsipras but also warned to move away from reform commitments. Greece’s European partners and the IMF had gone with their aids together of € 240 billion to the limit of what is possible. Germany is prepared to solidarity and other help, but only on the basis of agreements Met. “And furthermore, we are hard to blackmail,” Schaeuble said.

cw / uh (dpa, rtr)


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