Monday, April 27, 2015

Personal carousel in Athens: Varoufakis is degraded – NEWS


 Monday, April 27, 2015


 After the verbal class wedges of the European partner for Yanis Varoufakis speaks Greek Prime Minister Tsipras his finance minister publicly until his confidence – and then ask him a watchdog to the page


The controversial Finance Minister Yanis Varoufakis will no longer play in the negotiations with donors in the forefront. As coordinator will in future Vice Foreign Minister Euclid Tsakalotos act like government officials in Athens said. The economist is considered accessible than Varoufakis, the empty-handed returned from euro zone finance ministers meeting in Riga home. As a result, the call for his resignation was louder. With the move by Prime Minister Alexis Tsipras Varoufakis is taken out of the firing line.

In Athens, the degradation was attributed to a “lack of substance and the personal character”. To a dismissal Varoufakis’, had already been speculated about in the media, but it did not come. A government employee said, Tsipras have Varoufakis its confidence in the Cabinet meeting on Sunday

Time is short for the cash-strapped country. In a Reuters poll of money market dealers this estimate the probability of 40 percent that Greece € zone is exited. In the jargon of economists, this scenario is referred to as “Grexit”. ECB vice-president Vitor Constancio assumes, however, that it will not come to that. He said he is confident that a deal will succeed with Greece in Brussels. Currently, however, the negotiations are deadlocked.

frustration and patience in Berlin

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The federal government does not expect the short term with a Special Meeting of the Euro Group. These have made no progress in Riga on Friday, said the spokesman for the Treasury, Martin Hunter. Therefore he did not know what the group should now discuss. The next regular meeting is scheduled for May 11. Currently The ball was in the field of Greece. “We are waiting for proposals, we wait for a few weeks. This is somewhat frustrating, but we are patient,” said Hunter. Currently it is still far from a comprehensive overall proposal.

Athens wants to deviate from the agreed austerity. Without agreement with donors the country threatened with bankruptcy. Greece had come to the brink of bankruptcy in 2010 and has since been supported with aid of 240 billion euros. President Prokopis Pavlopoulos, meanwhile announced in an interview with Spiegel Online in Greece will “pay back to the last €” its sovereign debt.



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