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Athens Macedonian News Agency: News in English, 15-07-11
CONTENTS
[01] Gov't sources denied that German FM Schaeuble has set Grexit issue
[01] Gov't sources denied that German FM Schaeuble has set Grexit issue
Government sources denied that German Finance Minister Wolfgang
Schaeuble has set a Grexit issue at the Eurogroup meeting that is
underway in Brussels.
According to a German Finance Minister internal document published in the
Sunday edition of Frankfurter Allgemeine Zeitung, Germany is not satisfied
by the Greek proposals and recommended two other options for Greece. The
first option is «Greece to improve its proposals with the total support
of the parliament" adding among others that Greece should transfer its
asset to a Fund that will sell them off and the revenues will be used to
pay off the debt. The second option foresees 'negotiations with Athens
for a "time out". Greece will leave from the eurozone for five years at
least and restructures its debt. It remains member of the European Union
and continues to receive 'technical, humanitarian and growth support".
The German Finance Ministry's internal document also said that
"Key-reforms with aim the country's modernisation lack from the Greek
proposals as well as a long term promotion of the financial development
and sustainable growth" and for this reason the proposals "can't become a
basis for, a totally new, three-year programme from the European Stability
Fund (ESM).
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