Debt Crisis – Tsipras criticized attitude of the IMF as a “strange” – Süddeutsche.de

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• Greece should soon economies back on their own – this objective is to have a compromise between Greece and lenders
However, it is unclear whether the reform proposals from Athens make this possible.
• to meet this Wednesday, the finance ministers of the euro area to work out a compromise, to which then end of the week, the Heads of State can agree and government.

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Tsipras IMF

Greece encounters with its recent proposals appear on resistance at the International Monetary Fund (IMF). From Athens government circles it is facing the IMF that “certain institutions” Athens “not accept” austerity proposals. Greece’s Prime Minister Alexis Tspiras said: “This strange attitude perhaps conceals two things: Either they want any agreement or they serve certain interests in Greece.” As long as Athens respected the right savings amounts, the IMF should be able to not say in which specific policy choose your country.

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What must bring the reforms

All loans and reforms to enable the country, to do business on their own as soon as possible. The measures and commitments entered Greece must therefore amount to improve the business climate and lay the foundation for an economic boom, which means that people can return to a normal life.

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With this in mind, lenders evaluate the recent proposals of the Greek Government. In fact, they may agree to an agreement only if it lays the foundation for economic recovery.

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The problem with Greece’s proposals is

The problem is that the proposals of the Greek Government little fundamental reforms include. The planners in Athens want to change, especially taxes and reduce spending in the short term.

The planned reform of the VAT rates, the reduction of military spending, the tax on TV advertising that charges for mobile networks, raising the tax on corporate profits of public limited companies and limited liability companies, the increase in various taxes on pensions – all they are helping to increase revenue and reduce expenditures. Thus, the planner in Athens reached although that calculation yields a surplus in the budget. The business environment is not improved, there are no incentives or better security to invest in Greece.

What the meeting should bring to Friday

Tsipras meets this Wednesday in Brussels yet once with ECB chief Mario Draghi, IMF chief Lagarde and European Commission President Jean-Claude Juncker. You want to work out a compromise, which they then be able to produce 19 finance ministers of the euro zone. On Thursday and Friday, the 28 heads of state meet then to a regular EU summit in Brussels. You should then approve the draft resolution.

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Where to Go

If the summit participants of agreement about, have the compromise and the conditions attached to the Greek government by the parliament in Athens confirmed. That would probably happen over the weekend. This is followed by voting in other EU countries. In addition to the German Parliament, the parliaments of Finland, Estonia, Slovenia and the Netherlands have to decide. In Austria, it depends on whether or not the Minister of Finance considers it imperative.

Important for a vote in the Bundestag is, whether to change the conditions for Greece from the second rescue program significantly or not. It is unclear at what point a change in the conditions is because significant. This two possible scenarios arise:

• An agreement in which the conditions hardly change: The members of the Bundestag should vote only once – namely after parliament in Athens approved the agreement. The Bundestag would then early next week, probably on Monday, come together in a special session
• An agreement in which to change the conditions significantly. The Bundestag would have to meet and vote on it first if they agree to these changes. After the parliament in Athens would turn, and then again the Bundestag to approve the payment.

Can Tsipras Greece out of the crisis tax “entry-title” itemprop = “name”> your forum?

The debt dispute with Athens is discussed at the highest political level – as demanded by Greece’s Prime Minister Alexis Tsipras. This presented the Euro partners the recent summit new proposals – and thus goes towards them. your forum

Why go quickly must

The current support program for Greece runs the end of the month from – and thus the hope of up to 19 billion euros, which is to get Athens. Already on June 30, Greece must repay about EUR 1.6 billion to the International Monetary Fund (IMF). Money that it currently does not have. If no agreement is reached, probably facing a Greek default immediately.