BY RENEE
MALTEZOU AND JAN STRUPCZEWSKI
ATHENS/BRUSSELS
Fri Mar 6, 2015 3:18pm EST
(Reuters) -
Greece
sent its euro zone partners an augmented list of proposed reforms on Friday but
EU officials said several more steps were required before any release of aid
funds to a country that Prime Minister Alexis Tsipras says has a noose around
its neck.
Struggling
to scrape together cash and avoid possible default, Athens made a 310 million euro partial loan
repayment to the International Monetary Fund, while Tsipras pleaded to be
allowed to issue more short-term debt to plug a funding gap.
European
Central Bank President Mario Draghi has refused to raise a limit on Athens ' issuance of
three-month treasury bills which Greek banks buy with emergency central bank
funds. He said on Thursday the EU treaty prohibited indirect monetary financing
of governments.
"The
ECB has still got a rope around our neck," the leftist Greek premier
complained in an interview with German magazine Der Spiegel released on Friday.
If the ECB continued to object, it would be assuming a grave responsibility, he
said.
"Then
it would be back to the thriller we saw before Feb. 20," Tsipras said,
referring to the date when Greece agreed a four-month extension of its bailout
with euro zone partners after market jitters ignited by political uncertainty.
In a letter
to the 19-nation Eurogroup, Finance Minister Yanis Varoufakis outlined plans to
fight tax evasion, activate a "fiscal council" to generate budget
savings and update licensing of gaming and lotteries to boost state revenues, a
Greek official said.
However,
the expanded list of reforms arrived too late for deputy finance ministers and
European Commission experts who met on Thursday to scrutinize it before a
regular meeting of finance ministers of the currency area next Monday.
"Whatever
proposals emerge (from Varoufakis), they can't be seen in isolation," said
a senior EU official, who declined to be named due to the sensitive nature of
the talks. "They have to been seen in the overall context of all policy
measures ... There is no connection with the disbursements."
One key
condition for Greece to
receive any more euro zone money is for Athens
to reach an agreement with its three international creditors - the euro zone,
the ECB and the IMF - on the implementation of reforms agreed by the previous
government. Such talks have not even begun yet.
"FEWER
WORDS, MORE DEEDS"
In an
apparent recognition that outspoken public statements that the country is broke
and will not repay its debts and attacks on other euro zone governments have
damaged Greece's position, Tsipras said he had asked his cabinet - including
Varoufakis - for "fewer words and more deeds".
Many EU
partners have been exasperated by a torrent of rhetoric from Athens since Tsipras' hard-left Syriza party
won a parliamentary election on Jan. 25 and formed a coalition with the
right-wing nationalist Independent Greeks party.
Greek
central bank chief Yannis Stournaras said after talks with Tsipras on Friday
that Greek banks were sufficiently capitalized and faced no problem with
deposit outflows.
"There
is full support for Greek banks (from the ECB), there is absolutely no
danger," he said after the meeting. But he added Monday's euro zone
meeting had to be "successful".
A German
Finance Ministry spokesman said on Friday that Berlin
saw no basis for Greece to
get the next 1.5 billion euro tranche of its bailout immediately, but if Athens implemented its
reforms sooner than expected, it could get paid early.
"If
the Greek program is in a position to work out its list of reforms in detail
earlier than the end of April and the troika agrees to it and if this program
is, accordingly, implemented earlier, it would of course be possible to make a
payment earlier," spokesman Martin Jaeger told reporters.
(Additional
reporting by Stephen Brown in Berlin , Lefteris
Papadimas and George Georgiopoulos in Athens and
Robin Emmott in Brussels ;
Writing by Paul Taylor; Editing by Gareth Jones)
http://www.reuters.com/article/2015/03/06/us-eurozone-greece-idUSKBN0M21KA20150306
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