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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