- Events of madness, political assaults, death threats that reach Brussels, a short future whose only certainty is heavy sacrifices for all. And 'This is the scenario in which Greece is trying to achieve, with the confidence of EU partners, a new loan to try to stave off bankruptcy. "It 's clear that we are at a critical point," said Bob Traa, head of mission in Greece for the International Monetary Fund, however, recognizing the progress.
The IMF at the end of June should decide whether to make its share of funding for the fifth tranche of 110 billion loan agreement with the European institutions. But the decision of the IMF is closely related to those "difficult" that will soon take over the European leaders. "What we have to decide - Traa said - is how to bridge the various items on the front of the financing.
I believe that at the EU summit of June 20, where some nodes will be dealt with difficult decisions will be taken and then we will be ready to come together to disburse aid in early July, because time is running out and no time to lose, now is not the time to sell. " Traa has also rejected the hypothesis of a debt restructuring that would trigger uncontrollable consequences.
The divisions within the EU. The problem for Greece, which is within the EU there is still no agreement on new measures of saving. Athens needs more international aid and the EU Troika-Central Bank-IMF is willing to pay € 12 billion of the fifth tranche of the loan, but only on condition that the greek government antideficit several new measures, necessary, albeit unpopular, to consolidate budgets.
At this point the EU is divided to the point that the German newspaper Handelsblatt, quoting EU sources, comes to suggest a postponement until after the summer on the granting of additional 60 billion euro aid for Greece. Even more reluctant to participate in any way the efforts to help the country would be provided with a bond ellenbici banks, especially German ones.
The appeal to the ECB banks. Among other things, just today the ECB President Jean-Claude Trichet urged banks to reschedule the debt on a voluntary basis greek, Hellenic buy new bonds to replace maturing securities. Trichet has always said he opposes the idea of imposing losses on creditors, but "that does not mean we are opposed to the fact that the private sector, as happened a year ago when he fired the first floor of aid to Greece, and institutions in Europe are asked to maintain their levels of credit assets - said the governor - is not a default, but something that the ECB may judge appropriate.
" Cuts and protests. After the sale of ports and state-owned companies or subsidiaries, the greek government is preparing to launch a new plan, therefore, cuts the amount of which, however, not everyone agrees with Prime Minister Papandreou. To understand the dramatic nature of the choices facing the country just to mention two of the assumptions on which the government is divided: the lowering of income tax at a height of 6 thousand euro (proposed by the Ministry of Finance) and the dismissal of all employees of businesses state participation that should be closed or merged with others.
Waiting for a mediation or alternative choices, the plan was postponed until after the EU summit on June 23, while Papandreou said he was available to a popular referendum on the measures taken. Attacks on politicians. The idea of the referendum is a way to placate groped the square in front of the nth wave of popular demonstrations against the austerity measures already in place.
The level of dissatisfaction is high and there have been several cases of attack by citizens against members of the political class. Today is touched to the Secretary of Labor, Anna Dalarö, besieged by hundreds of people attempting to enter an initiative of Pasok, the Socialist Party in government, shouting "Thieves, thieves".
The police charged the demonstrators who threw stones and bottles. "We respect and listen to the anxieties and complaints of citizens, but we have to protect democracy," he said at the end Dalarö. The protest is directed against the government, politicians and European institutions, guilty of the plans imposed on the country of tears and blood in exchange for aid.
Jean Claude Juncker, the leaders of euro zone finance ministers, said he received a lot of mail from Greece, "including death threats." Shopping in Germany. Among the "contradictions" of the Greek crisis, it is reported that Germany sees in the front row on the one hand the demand for loans and guarantees from taking advantage of privatization initiated by Athens to make cash.
Today, for example, Deutsche Telecom announced its decision to buy 10% stake in OTE, the former state telephone company already largely privatized, still publicly owned. The negotiations with two, allowed by the agreement of 2008 by which Deutsche Telekom took over 30% of OTE affect 49 million shares for an amount of approximately EUR 400 million.
Deutsche Telecom would increase to 40% of the capital. Another goal is the Athens airport, according to the Wall Street Journal, would be targeted by Fraport: the company that owns and operates the Frankfurt airport (one of the first European hubs) have expressed interest in acquiring the share of the public still Athens airport, 55%.
The IMF at the end of June should decide whether to make its share of funding for the fifth tranche of 110 billion loan agreement with the European institutions. But the decision of the IMF is closely related to those "difficult" that will soon take over the European leaders. "What we have to decide - Traa said - is how to bridge the various items on the front of the financing.
I believe that at the EU summit of June 20, where some nodes will be dealt with difficult decisions will be taken and then we will be ready to come together to disburse aid in early July, because time is running out and no time to lose, now is not the time to sell. " Traa has also rejected the hypothesis of a debt restructuring that would trigger uncontrollable consequences.
The divisions within the EU. The problem for Greece, which is within the EU there is still no agreement on new measures of saving. Athens needs more international aid and the EU Troika-Central Bank-IMF is willing to pay € 12 billion of the fifth tranche of the loan, but only on condition that the greek government antideficit several new measures, necessary, albeit unpopular, to consolidate budgets.
At this point the EU is divided to the point that the German newspaper Handelsblatt, quoting EU sources, comes to suggest a postponement until after the summer on the granting of additional 60 billion euro aid for Greece. Even more reluctant to participate in any way the efforts to help the country would be provided with a bond ellenbici banks, especially German ones.
The appeal to the ECB banks. Among other things, just today the ECB President Jean-Claude Trichet urged banks to reschedule the debt on a voluntary basis greek, Hellenic buy new bonds to replace maturing securities. Trichet has always said he opposes the idea of imposing losses on creditors, but "that does not mean we are opposed to the fact that the private sector, as happened a year ago when he fired the first floor of aid to Greece, and institutions in Europe are asked to maintain their levels of credit assets - said the governor - is not a default, but something that the ECB may judge appropriate.
" Cuts and protests. After the sale of ports and state-owned companies or subsidiaries, the greek government is preparing to launch a new plan, therefore, cuts the amount of which, however, not everyone agrees with Prime Minister Papandreou. To understand the dramatic nature of the choices facing the country just to mention two of the assumptions on which the government is divided: the lowering of income tax at a height of 6 thousand euro (proposed by the Ministry of Finance) and the dismissal of all employees of businesses state participation that should be closed or merged with others.
Waiting for a mediation or alternative choices, the plan was postponed until after the EU summit on June 23, while Papandreou said he was available to a popular referendum on the measures taken. Attacks on politicians. The idea of the referendum is a way to placate groped the square in front of the nth wave of popular demonstrations against the austerity measures already in place.
The level of dissatisfaction is high and there have been several cases of attack by citizens against members of the political class. Today is touched to the Secretary of Labor, Anna Dalarö, besieged by hundreds of people attempting to enter an initiative of Pasok, the Socialist Party in government, shouting "Thieves, thieves".
The police charged the demonstrators who threw stones and bottles. "We respect and listen to the anxieties and complaints of citizens, but we have to protect democracy," he said at the end Dalarö. The protest is directed against the government, politicians and European institutions, guilty of the plans imposed on the country of tears and blood in exchange for aid.
Jean Claude Juncker, the leaders of euro zone finance ministers, said he received a lot of mail from Greece, "including death threats." Shopping in Germany. Among the "contradictions" of the Greek crisis, it is reported that Germany sees in the front row on the one hand the demand for loans and guarantees from taking advantage of privatization initiated by Athens to make cash.
Today, for example, Deutsche Telecom announced its decision to buy 10% stake in OTE, the former state telephone company already largely privatized, still publicly owned. The negotiations with two, allowed by the agreement of 2008 by which Deutsche Telekom took over 30% of OTE affect 49 million shares for an amount of approximately EUR 400 million.
Deutsche Telecom would increase to 40% of the capital. Another goal is the Athens airport, according to the Wall Street Journal, would be targeted by Fraport: the company that owns and operates the Frankfurt airport (one of the first European hubs) have expressed interest in acquiring the share of the public still Athens airport, 55%.
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