The empty quarter, the attitude of the IMF and the responsibility of the Eurozone. The possibility to extend the pending in Greek program as Greece is not pressed by the need to service its debt, ie until spring, consider as potential government officials over the past 24-hours as the official silence troika against the Greek proposals accompanied the requirement for immediate legislative commitment to requirements. This day is considered to be particularly critical as exhausted and the last period to pursue a normal process of negotiations leading to a discussion with the Eurogroup agreement prospects Monday (8/12). The IMF insists even in challenging budget forecasts both in growth rates and in terms of the efficiency of the proposed measures and requests as a minimum immediate commitment to further complementary measures. On the side of the government, after the additional information troika for the additional package of measures whose implementation or not, associated with the extent of implementation of the 2015 budget, out - and most public by the Prime Minister and the Minister. Finance - location that other measures can be taken ... Messages are also receiving both parties of the government within the parliamentary groups to show that the risk of accident in the upcoming budget debate has become very clear. In this context and as keep the hard attitude Troika has begun to emerge as a possibility within the government staff voluntary extension of the negotiation for the next quarter, as long as that is no significant debt maturities and are not directly necessary financial support of the program. This empty quarter is regarded as an undesirable idea and yet resulting from the impasse in which they currently led negotiations .... Meanwhile the IMF continues to insist on the estimates of the size of the fiscal gap and requires both from Greece and its partners Eurozone solutions in order to meet the statutory term of providing assured the solvency of the country for the next 12 months. This safeguard is an obligation as alleged by the side of the IMF for the European side in the Greek program and there is no more room for soft approach to this issue. This command is behind the harsh attitude of Mr. Gkogial (IMF) in which - for different reasons - seems to backs and Mr. Schaeuble. In the European camp, however, both in Brussels and Frankfurt institutional bureaucracies of the European Commission and the ECB attempting the last 24 hours to set up a framework that obliges the one hand Greece to reach out and adapted to estimate troika (hence the proposals for additional measures in mid-2015) and on the other to ensure through ECCL the financial security of the program as requested by the IMF. At present, however, the IMF (late last night) it was not clear if it considers such efforts as a basis for discussion or rejects them, although some information from Washington brought the IMF to maintain its strong reservations and puts the responsibility for the day after the Greek program on the side of the Eurozone. With these data the current day will be decisive for the direction you will take the Monday debate in the Eurogroup. Nevertheless official of the European Commission to engage in negotiations for the Greek program, said yesterday late in Capital.gr that the Eurogroup meeting Monday, has all the conditions to resemble that of November 2012. And then as now the deadlock was almost full but in the end all sides did the need for a mutually acceptable solution ... . Indeed, but the difference now seems to be that the IMF does not seem willing to keep flexible attitude as he did the last time then, accepting the assurance of the Eurozone that will will make it necessary for the sustainability of the Greek debt, provided of course that the Greek government will achieve primary surpluses. Just what is now challenging the IMF with appreciation that the 2015 budget gap is 2.5 billion. Euro ...
Posted on: Wed, 03 Dec 2014 06:57:25 +0000
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