Sunday, May 24, 2015

EU: Athens at the abyss: IMF payment in June is likely to be – ABC Online

Sunday , 05.24.2015, 19:56
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The debt dispute the Europeans the Greeks regaining drama. Only a few weeks, then runs from the current utility. Athens urgently needs fresh loans, because the government can not even repay overdue debts.

The bankrupt threatened Greece is sliding further on financial precipice along. Again threatened in Athens so as not to make overdue debt payments to the International Monetary Fund (IMF), if there is no prior solution with the creditors.

Specifically, there are approximately 1.5 billion euros, which in June, the IMF must be repaid – including 300 million euros already on 5 June. “I want to be clear: we will not give this money because we do not have it,” Interior Minister Nikos Voutsis said on Greek television MEGA. He is part of the wing of the ruling party Syriza of Prime Minister Alexis Tsipras.

The Greek Government is still faced with the international donors to reform commitments that must be met by Athens to blocked emergency loans of around EUR 7.2 billion of to receive the end of June expiring utility. The EU Commission confirmed at the weekend that about further in a working group, the so-called Brussels Group is negotiated.

A successful completion of the current program is also a precondition for negotiating further assistance. “And from that we are unfortunately still a long way away,” German Finance Minister Wolfgang Schaeuble said in Germany radio. “The Greek government has yet to deal with some problems. I wish her to a lot of strength, and of course it has for all the support, but in order to solve this problem you can not avoid “

Tsipras was the weekend before a new trial of strength – this time in the home. It must the Central Committee (CC) of his party answer questions about the negotiations with the international lenders. Keep Greece for more than two years with assistance loans from bankruptcy.

More than a quarter of the members of the Central Committee belong to the left wing and are up in arms against further austerity measures. The leftists demand, for example, the cancellation of all debts, a halt to the privatization of state-owned enterprises, a nationalization of the banks and a hard taxation of large fortunes

Meanwhile ensures Finance Giani Varoufakis again for excitement. He confirmed that he have made recordings in Riga, Latvia during the informal meeting of the Euro group in April. He often take on his cell phone recordings of his statements and answers Varoufakis said. “I did that also during the meeting of the Euro Group in Riga,” Varoufakis added without clarifying whether he has received the statements and conversations with the other ministers.

Greece is the site comparison of industrialized countries knocked off the last seats. That’s the finding of a study by the auditing company BDO and the Hamburg Institute of International Economics (HWWI), which was published on Saturday in the Hanseatic city. Then count the political-legal, sociocultural and economic conditions among the worst in the OECD countries.

The SPD MEP Jakob von Weizsacker warned meanwhile about to let Greece fall. “We should all frustrations you rightly Greece, not to play with fire,” said the financial expert and economist of Deutsche Presse-Agentur in Brussels.

Europe is in danger of underestimating the risks , Although the financial markets could a Greek exit from the euro zone to cope with, but this would detract from the belief in the existence of the euro area as a whole. “It’s a sleeping risk when people give up the belief that the euro zone will remain together.”


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