viernes, 19 de junio de 2015

GREECE THIS PREPARING A LEFT THAT IT TOOK IT OUT OF THE FIRE TO FALL IN THE EMBERS



Unsuccessful as yesterday's negotiation it was expected with the Euro group that was liquidated without an agreement, the Hellenic leader to continue with their political coherence and to foment more the anger of the Eurozone will meet with the Russian president, Vladimir Putin, before the urgent summit fixed for Monday 22 in those that the creditors new Hellenic proposals, and the Greeks wait, the chancellor's concessions Angela Merkel and the European leaders. Sew both that won't happen. 

The visit to Putin wants to press to those worthy of the Greek debt. Alexis Tsipras, traveled to Russia to meet with the president Vladimir Putin in the International Economic Forum of San Petersburgo. It is the second visit of Tsipras in less than three months to Russia and it arrives in a critical moment to try to avoid the crash of Greece, officially, the objective of the trip is the signature of the agreement to support the extension of the pipeline Turkish Stream that would give gas to Europe through Greek territory and Turk. 

The leader of Syriza has foreseen to meet with Putin, in an encounter that you leave from an international perspective like a maneuver to press Europe from face to the negotiations on the Greek debt. The creditors fear that Tsipras throws to the arms of Russia for not having to fulfill the hard conditions that they impose him in exchange for unblocking the pending money of the rescue. 

However, the Russian vice minister of Finances, Sergei Storchak, assured to the press that Greece has not requested financial support to its Government he is possibly right because I don't do Russia with desires of financing another "Cuba" although more fence is that the other Caribbean vat that maintained during decades so that the Americans rage at the end they already know how it also finishes the history Russia ruined vat and America today it picks up it with great happiness for the Cubans. 

The Hellenic Executive has already noticed that he cannot pay the debt of almost 1.600 million with the International Monetary Fund that conquers him in order to month without an agreement mediates, what the fear to that Greece breaks rises and, finally, leave the euro. This reality that seems that they deny it to him when they should outline it openly in the meetings to reach an agreement between Greece and the Eurozone, it is never the biggest stupidity that I have seen never in some negotiations, and look that in my professional life I have carried out many, I have seen that the negotiators announce outside of the same ones what they hide in them, to say to somebody that is not interested the business and later it was, but with the certainty that he will find out, to say in a clear way that if he is interested the treatment, it is a strategy that I have never seen it. 

The first Greek minister will have a paper main character in the Forum of San Petersburg, to which big political leaders don't attend, but yes numerous companies that are interested in the economic potential of the country, in spite of the western sanctions. Tsipras will pronounce a speech before the managers before interviewing with Putin in a “work encounter” in which the proposal of Moscow will be approached so that Greece is connected to the new Russian-Turkish pipeline that is projected to build under the Black sea to take Russian gas to Europe. Greece before should study that it happens to Ukraine with the pipeline that goes by its country it is not gold all that glitters like one says commonly. 

Because the truth if it uses the pipeline that doesn't exist and that the own UE should finance in a great part that it happens if before the Greek posture he decides Europa not to finance the European part Greece he stayed with an I magnify tube full with gas that cost him a fortune to maintain it and that it won't serve him as anything. The Greek minister of Energy, Panagiotis Lafazanis, already declared days ago if Athens didn't reach an agreement, Greece he has "other options" and the possibility of a capital injection starting from 2019 on the part of Russia, in advance concept about the future benefits of the Turkish Stream. I would not trust much of some advances that they would be delayed in all the cases four years. 

The negotiation between Greece and its international creditors burned yesterday another stage without results, almost already the last one, in spite of having been about to arrive to a real approach in the afternoon for a possible extension from the help to Greece until year end that then was denied. The end of the extension of this ball party will arrive next week, when the European leaders are until in two occasions. The first opportunity will arrive with the encounter of the leaders of the area euro on Monday, in a summit extraordinary summoned yesterday for the president of the European Council, Donald Tusk, after the failure of the conversations of the Euro group. 

Also, they will be on Thursday and Friday in a summit programmed in advance, in which Greece will continue being the axis. The president of the Euro group, Jeroen Dijsselbloem, confirmed yesterday the few expectations with those that the minister of Finances arrived from the euro to its encounter of Luxemburg. The desperation among the creditors is such that the responsible for the IMF, Christine Lagarde, remembered to Athens that is "urgent to restore the dialogue like adults in the room". And Dijssebloem has recognized the "urgency" of involving the other European leaders. The summit really represents the hour: or he moves politically and it accepts the conditions of the Europeans, or the Europeans are prepared to allow Greece to go. 

Without agreement, Greece will face the unpaid of the IMF first June 30, what would be "an unpaid one in its obligations", Lagarde, didn't give space for some days of grace in case Greece cannot consent to the 7.200 million that he needs of the rescue. That scenario would not untie the apocalypse automatically in opinion of the Europeans. Regling remembered that the MEDE has the "option" of deciding if he declares an unpaid one linked to the non-execution of the obligations with the IMF, what would cancel the European help to Greece or even the acceleration of the refunds. More important still, sources of the Bank of Frankfort commented that neither there would be an automatic linking among an unpaid one to the IMF and a cutting to the liquidity of the euro bank to the Greek banks, the lifeboat that maintains the Greek financial system with pulse and, ultimately, to Greece in the euro. 

Amid everything, and as it advances the agency Reuters, the BCE noticed to the minister of Economy and Finances that it cannot guarantee that the Greek banks can open their doors next Monday. The officials mentioned by the agency assure that during the meeting to closed door of the minister Greece, the president of the meeting has more than enough Jeroen Dijsselbloem he asked to the member of the Executive Council of the European Central Bank, Benoît Coeure, if the Greek banks would be able to open up tomorrow Friday. "Tomorrow, yes but on Monday, I don't know", Coeure answered. 

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