Saturday, July 11, 2015

The Eurogroup have questioned the ability of Athens to fulfill promises – RBC

Before the meeting of finance ministers of the euro area, which will be considered the Greek proposal, the president of the Eurogroup Jeroen Deysselblum said that the proposals of Athens in terms of tax policy and reforms are still caused a lot of criticism, reports The Guardian. According to him, there is now a question of trust on the part of the Greek government creditors. “Can we be sure that the Greek authorities will make that offer? How can they prove to us that they are trustworthy? “- Asked questions president of the Eurogroup. Deysselblum noted that a meeting of the Eurogroup will be difficult.

With the sharp criticism of the proposals made by Greece, German Finance Minister Wolfgang Schaeuble. He described suggestions Athens as “unacceptable” and opposed further negotiations, according to Bild. Giving comments to journalists before the meeting of the Eurogroup, Schaeuble said that the cancellation of the debt burden of Greece impossible, and economic calculations, which were provided by the Greek side, together with proposals for the creditors, not credible.

With criticism of the Greek proposal was also made by the head Dutch Finance Minister Eric Vibes. According to him, his country there are “serious doubts” in the ability of the Greek side to implement its proposals, reports AP.

Despite a number of critical assessments of the Greek plan, a number of ministers of the euro area derived from the Greeks regarded the proposal as a basis for further negotiations. This, in particular, the Finance Minister of France, Michel Sapen. He also noted the “courage and determination” of the authorities of Greece to the submission of proposals to creditors before the Parliament.

Earlier, the European Central Bank, European Commission and International Monetary Fund proposals considered Greece as a basis for further negotiations for a loan under the program of the European Stability Mechanism, reports Reuters, citing a source familiar with. This assessment has been transmitted to the president of the Eurogroup.

On the eve of the Greek authorities proposals to creditors have been supported by the Greek parliament.

Offers Greek authorities about the reforms in exchange for credits received in the evening of the Eurogroup on July 9. Officially, the details of the plan by the Greek authorities has not been announced, but the AP and Reuters citing informed sources claim that there is a point in the proposals for a three-year aid package to Athens for the sum of € 53,5 billion at the exchange rate hike taxes on the sale of certain goods and services . This information was confirmed by the vice-president of the European Commission on the euro Valdis Dombrovskis. He noted that the proposals are similar to the Greeks that lenders offer the Greek authorities before the referendum. The referendum on July 5 offer the creditors were rejected by more than 60% of voters.

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