I BELIEVE THAT THE EUROZONE ACCEPTS AN AGREEMENT TO BREAK UP IN ADVANCE WITH GREECE

The minister of Economy and Finances of the area euro have given the seen good to the list of reformations presented by the government from Greece, after International Monetary Fund, European Commission and BCE have considered that it is a valid starting point to complete the current program. However, the IMF has shown doubts about the commitment of Athens in some of the most important points, since the letter that he has sent doesn't offer clear guarantees that the Government tries to undertake the necessary reformations. The BCE, on the other hand, he has noticed that some measures won't allow to complete the current Memorandums of Understanding and that he will be necessary to study if the compensatory measures that the Hellenic Government proposes are equivalent 

Followed act the minister of the Euro group have given green light to the plan after a phone conference summoned by their president, Jeroen Dijsselbloem, at the 14 hours of today. The approval of the partners of the euro was a necessary condition to accept the Greek petition of continuing during four months the current rescue. Now the national parliaments from Holland, Germany, Finland and Estonia will begin their processes of approval of the application of extension of rescue of Greece I believe that they won't get it that is to say I don't see Holland Germany Finland Estonia approving this agreement unless behind he hides what I imagine the end of the relationships that is to say between Greece and the euro group. 

If the current program expires February 28, such and like it was foreseen, Athens would lose the right to receive the last payments neither 11.000 million in funds for recapitalized its banks if they needed it. However, the extension of the program doesn't guarantee that Greece receives the payments. Such and like he has noticed Dijsselbloem today in the European Parliament, all payment it should be authorized by the Euro group and that alone it will happen when the troika certifies that Athens is making progresses in that list of reformations. 

In fact, that of today is alone a preliminary analysis. The troika will revise with depth of the program and the measures in April. For that reason, today's of the Euro group official statement requests to the Greek authorities that develop and enlarge the list of reformations in narrow coordination with the institutions (before called Troika) this it is the only concession that him euro group has made in advance change words. 

Doubts in the IMF. The first reactions to the Greek letter already point for where the tensions will go. The IMF, in a letter directed to Dijsselbloem, assures that the letter doesn't offer clear guarantees that the Government tries to attack the foreseen reformations. The organism directed by Christine Lagarde mentions areas like the pensions, the IVA or the reformations of the labor market. On the other hand, Dijsselbloem has assured that the document is "sufficiently serious" to begin a "negotiation" to complete the program, but she has noticed that the Greek "Government is maybe too optimistic about the speed with the one that you/they can increase the fiscal" collection. 

Mario Draghi, president of the BCE, he has also noticed that the Greek Government's commitments are "a valid" starting point to negotiate, but they "differ of the current program in some points". For he affirms it that the institution will "analyze during the revision if the measures that don't accept the authorities (Greek) they are substituted with measures of same or better quality to reach the objectives of the program." 

In definitive there is not anything this time the horse of Troya, he has not entered in the square bigger than Brussels and less still in the headquarters of the UE. The great fire test will arrive in April, when all those measures will be summed up and to be quantified appropriately to value its impact in the public finances and the competitiveness of the Greek economy. Without margin for ambiguities and misunderstandings, the Greek Government will reach an agreement that is digestible then for the troika and the Euro group and, at the same time, for his party. But not alone with promises, but with facts.  

I stay after all this to that what is really making is to prepare a coordinated exit of Greece of the euro group because it is unavoidable Greece it cannot follow the rhythm of social impoverishment that the expense restrictions not already require him the payment of their debt but of their interests, however I am for sure Greece can live more with an economy characteristic with a form of natural life to the Greek to say it somehow that not to seek to tolerate more calamities for the fact of having to support a paper called euro.