Greek account went to the days

The country seeks to write off part of the debt in exchange for reforms. Lenders - on the contrary

Neither three meetings of finance ministers of the Eurozone countries, nor two in a row of the Summit of the European Union for one week have yet given a result. Greece agreement with its international creditors (EU, IMF and the European Central Bank) on the extension of the financial assistance program, the duration of which expires on June 30, has not been signed. If it does not appear within five days, Greece from the eurozone may become inevitable, the head of one of the economic departments of the European Commission Gunther Ettinger warned in the morning on Friday. Greece remains absolutely committed to the eurozone, assured by an hour the Minister of Finance Janis Varufakis.

Negotiations of the new Greece Government with its international creditors on the extension of financial assistance programs to the country, begun back in 2010, have been underway since the beginning of February. But even at the current meetings , the parties still diverge in the most essence of the necessary, from the point of view of each of them, changes . The Greece Government is emphasized by raising a number of taxes, as well as their collection in the country as a whole. Lenders, for their part, insist primarily on reducing the social expenses of the treasury. And first of all - on an extensive pension system, which costs the budget in an amount equal to 16% of the country's GDP.

Whereas the taxation of business, from the point of view of creditors, should rather be softened in order to stimulate the growth of the economy. And in parallel - to eliminate, in particular, the majority of current value tax benefits, which in Greece has three different rates. "The anti -crisis program cannot only be built on promises to improve tax collection: we have heard about this for five years, but the results are minimal," said Christine Lagarda, Executive Director of the International Monetary Fund.

All talk about the country's default - speculation. We expect the money to be transferred on June 30

On the other hand, the main requirement of Greece itself for international creditors is to write off a certain part of the debt already accumulated to them for a total of more than 230 billion euros. It did not suddenly arise: the finance ministers of the eurozone countries, in principle, approved the idea back in November 2012, suggesting in this way to facilitate the debt burden of Greece, when the current financial assistance program will be exhausted. However, since then, negotiations on this topic have not begun. Today, none of these countries is even more of interest in them: after all unsuccessful negotiations with Greece over the past five months, the politicians of these countries will be very difficult to explain such a decision to their voters.

Moreover, the German Chancellor, the largest lender in the EU, Angel Merkel excluded any discussion of the debt write-off until the current agreement is signed with Greece.

Greece presented its most recent proposals too late for us to consider them before the EU summit

For his part, the Greek Prime Minister Alexis Tsipras insists on some firm agreements with creditors on a partial write -off of the country's debts. Without them, it will be difficult for him to enlist the support of the national parliament regarding the agreement on the extension of financial assistance. Including, for example, the support of the Nationalist Greeks Nationalist Party, a partner of the ruling Siriza according to the parliamentary coalition, whose voices she needs to obtain a majority.

This party categorically rejects, for example, the requirement to deprive some Greek Islands of VAT benefits, believing that this will put them on the brink of survival. “I cannot support such a measure as the government’s departure from the line from the line that we received a mandate from the Greek people in general,” Panos Kamenos wrote on Tuesday on Twitter on Twitter.

The anti -crisis program cannot only be built on promises to improve tax collection: we have heard about this for five years, but the results are minimal

However, it is unclear whether these and other parties can really vote against the actions of the Cabinet of Ministers under the threat of both new parliamentary elections and a large -scale financial crisis in the country, Reuters notes.

After three episodes of new and unsuccessful negotiations on Greece on the eve of the next EU summit, the Ministers of Finance of the Eurozone decided to take a break until Saturday. “Greece presented its most last proposals too late for us to consider them before the summit,” said the current head of the Eurogroup Yerun Deisselblum , Minister of Finance of the Netherlands. “They are a technical nature, and experts will work for our new meeting.”

The extreme term for signing the agreement of creditors with Greece and in the European group, and the leaders of the EU countries now call Sunday, June 28. Before the expiration of the current financial assistance program of Greece, as well as its next payment on the expense of its debt to the IMF, there will be two days left. During this time, the agreement will have to be approved not only by the Greek parliament, but also by the legislators of some countries of the eurozone. Those in which the provision of foreign financial assistance requires, under the law, preliminary parliamentary approval.

I cannot support the government departure from the line on which we received a mandate from the Greek people

Including Germany, which has already stated that the Bundestag would be gathering to discuss the issue only after the agreement is approved by the parliament of Greece itself.

For its part, the IMF proceeds from the fact that Greece will make the due payment on debt - more than 1.5 billion euros - on time, the official representative of the Foundation Jerry Rice said on Thursday. "All talk about the default of the country - speculation. We expect that the money will be transferred on June 30, which, incidentally, publicly confirmed representatives of Greece."