Germany assumes that Greece will have to ask a third rescue
German Finance Minister, Wolfgang Schäuble Christian Democrat (CDU) on Tuesday put on the table the need for a third package of aid to avoid bankruptcy of the Greek economy. Just five weeks before the German general elections, the most powerful minister Angela Merkel admitted so not over the unpopular Greek bailout, which began more than three years amid protests by conservative sectors of the CDU and its partners Liberals (FDP ) in government. Schäuble said at a rally near the northern city of Hamburg that "will require a new program" to allow Greece remain solvent after 2014.
To conclude then payments current bailout program. However, German finance chief is cooking denied that a new Greek government debt off, which this time would affect European countries participated in the two previous bailouts.
With his statements, Schäuble has taken the controversial European bailouts drawer until now delicately avoided by Democrats during the election campaign. Many experts believe that this takes is inevitable and, for the first time, European public creditors and the International Monetary Fund could record losses for its billionaires loans to Athens.
Schäuble The Greek counterpart, Yannis Sturnaras, responded flatly rejecting his government contemplates "this kind of thing," said Efe collected. Sturnaras also insisted that Greece will fulfill "time" the conditions imposed by the troika in exchange for bailout programs up until 2014. The Prime Minister of Greece, Andonis Samaras, on Tuesday urged his ministers to make progress on reforms agreed with the troika of creditors, consisting of European partners, the European Central Bank (ECB) and International Monetary Fund (IMF) .
Your Executive said: "We are going to meet deadlines in a" clear message to ease tensions in Europe. Athens wants to lay off at least 4,000 public employees and accelerate privatization of state enterprises and assets, as well as introducing new property taxes. The ECB's German manager, Jörg Asmussen, travel on Wednesday to Greece to monitor reforms before payment of the next tranche of aid under the bailout agreement and amounted to 1,000 million expected to be transferred next October.
Merkel, Schäuble more discreet than the possibility of yet another Greek disbursement said Tuesday at the Ruhr Nachrichten newspaper that his government "wants to keep the question open" until re-evaluate the situation in early 2015 or late 2014.
The chancellor has insisted all summer that "sees" the need for new debt off, but his center-right government had refused until Tuesday to explain how finance Greek public spending when they run second bailout funds, to end of next year. According to the conservative daily Frankfurter Allgemeine Zeitung, in Athens already talk of new negotiations with creditors to keep the country afloat Greek until 2016. During those two years, they say, it will take less money than in the two previous bailouts.
Schäuble also said that "the Greeks have until 2020" to tidy up their accounts and re-financed in the financial markets. According to the minister, the European partners will have to "help again to pay less interest on debt". Greece "is not out of the hole", although Schäuble opinion "has made significant progress." Chancellor Merkel had words similar to Athens, where "still have to change many things" despite "clear progress" and "reform efforts".
The issue of Greek recates has had since 2010 a strong polemic in Germany, however lightened since Merkel visited Athens last fall. In recent months, the slogan of Berlin has been to highlight the alleged recovery helena. The most sensational and aggressive media, including the conservative Bild, have loosened their attacks on the economy of Greece. The proximity of the election, preceded by the Foreign Office decision to keep the Greeks in the single currency crisis relegated to the background media. Until you play a new rescue or Merkel "see" the need for other takes. It is unlikely to be before the elections of September 22 in which the German economy can decide the outcome.
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