The premier greek Alexis Tsipras and German Chancellor Angela Merkel in a telephone conversation agreed that Tsipras will make proposals to the government greek ‘ eurosummit tomorrow . The sources said the government greek as Bloomberg writes. Meanwhile, the IMF, which is monitoring the situation closely, said he was ready to help Greece if Athens will ask. To say it was The Fund’s managing director, Christine Lagarde .
Technically Greece can not currently access funding from the IMF because of non-payment of 1.6 billion dollars from the Athens Institute of Washington. A non-payment with which Greece is past due and that is may trigger a series of notifications and procedures that could culminate in the loss of voting rights of Greece in the IMF or, in the most extreme case, in its release by the Institute of Washington.
The most important consequence of the failure to pay is still symbolic. A default do with the Fund have so far been only countries in the developing world’s 1.6 billion euro in Greece are not paying higher by a member country of the IMF. Symbolic is the fact that Greece has entered the Fund in 1945 and was one of its founding members. Failure to pay comes at a delicate time for the IMF, which is trying to maintain its international significance while emerging economies creating rival institutions.
“After the referendum, I think we should meet urgently at the highest political level to discuss the situation and possible steps forward,” wrote the president of the EU Council, Donald Tusk , summoning the Eurosummit tomorrow.
First dell’eurosummit the Eurogroup will meet will start at 13 and “ministers expect new proposals from the Greek authorities,” writes the Eurogroup in a statement. The debate on the debt sustainability greek “had been authorized by the Eurogroup after the EFSF program had been successfully completed. Unfortunately it was not concluded and therefore the offer is on the table, “said the vice president of the European Commission with responsibility for the Euro, Valdis Dombrovskis. And he added: ‘s and Greece activates a new program ESM with the agreement of the other Member States of the euro, then there will be a new analysis of debt sustainability ». Now, he concluded, “we must discuss a new program.”
Staying in the euro continues to be “a goal of the Greeks, and mine too, but we must see if it will happen, “he said the president of the Eurogroup Jeroen Dijsselbloem entering the Parliament in The Hague. The president reiterated that “there are no easy solutions,” because they are still necessary tough measures for Greece, and “if the government and the population reject, then we get into a very difficult terrain.”
Noyer (ECB): “The greek debt can not be restored.” “By definition the greek debt to the ECB can not be restored because this would constitute a monetary financing” of a state. This was stated speaking to reporters in Paris on a member of the board of the ECB, Christian Noyer, according to reports from Bloomberg.
On the political front the Greek, in the meantime, five Greek parties signed a declaration Tsipras to return to the negotiating table with international creditors. For the Minister of Defense Phanos Kammenos this agreement represents a ‘new era’ in Greek politics that increases the chances of Athens to reach an agreement with the European and international creditors.
In Athens there was a meeting between President of the Republic greek Prokopis Pavlopoulos, the premier leader Alexis Tsipras and of all parties (with the exception of Golden Dawn, the far-right movement), to assess the situation after the victory of No. Among the hypotheses that circulating in the Greek press, that of a ‘national negotiating team’ which also includes members of the opposition. Members of Pasok (socialists) have said that the party is ready to participate.
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