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“This is why I call you to judge me #Greeks…” @atsipras Party splits hours after he resigned for #Grelections

“This is why I call you to judge me #Greeks…”, @PrimeministerGR said, resigning for #Grelections

Lafazanis, Konstantopoulou, Varoufakis, Stratoulis, all of them anti-MoU among Tsipras’ Party, but not among the 25 Split SYRIZA signatures the two (popular at most, both) in the center

25 lawmakers announced their move in a letter to Parliament on Friday morning in Athens, hours after Alexis Tsipras resigned and called an early election to deal with a rebellion in Syriza over his signing Greece’s third bailout deal and accepting austerity measures demanded by creditors. Among the 25 former Greek MPs are not Zoe  Konstantopoulou, the President of the Greek Parliament, who has strongly opposed the Memorandum agreement of the Prime Minister nor is the Popular Yianis Varoufakis

The new group, which will be called Popular Unity and will be led by former energy minister Panagiotis Lafazanis, becomes the third largest group in the Greek Parliament.

That means it could potentially receive the mandate to try to form a new government, although, it is not a party that has gone through national elections’ round yet, which might not allow them to get the mandate at all, professors of Constitutional Law said to the Greek media today

Having been catapulted to power after years of oppositions to Greece’s bailouts — which come paired with austerity and structural reform packages — the remaining members of Syriza now find themselves tasked with implementing one, the businessinsider commented.

But, still, It still looks quite likely that Tsipras will be Prime Minister in two months,BI’s article assessed.

Syriza remains popular in comparison to the alternatives. After getting 27.8% of the vote in the January election, the centre-right New Democracy party now regularly polls below 20%.

It’s possible that Tsipras will have to form a new and different coalition, the BI article assumes, but seems that there will be no alternative bloc in parliament to build a majority around. It’s not clear for the moment, how much support Popular Unity might sap from Syriza.

HSBC, Metron Analysis

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Go to our story ,

“This is why I call you to judge me #Greeks…”, @PrimeministerGR said, resigning for #Grelections.

#IMF report revelations for unsustainable #Greekdept leave eurozone countries without arguments against @PrimeministerGR

478990122Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece’s debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday to Reuters, as its exclusive report wrote

The Europeans were also concerned, the Reuters exclusive artcle further reveals,  that

the report could distract attention from a view they share with the IMF that the Tsipras government, in the five months since it was elected, has wrecked a fragile economy that was just starting to recover.

“It wasn’t an easy decision,” an IMF source involved in the debate over publication said. “We are not living in an ivory tower here. But the EU has to understand that not everything can be decided based on their own imperatives.”

The board had considered all arguments, including the risk that the document would be politicized, but the prevailing view was that

all the evidence and figures should be laid out transparently before the referendum.

“Facts are stubborn. You can’t hide the facts because they may be exploited,” the IMF source said.

The document released in Washington on Thursday said Greece’s public finances will not be sustainable without substantial debt relief, possibly including write-offs by European partners of loans guaranteed by taxpayers.

It also said Greece will need at least 50 billion euros in additional aid over the next three years to keep itself afloat.

Publication of the draft Debt Sustainability Analysis laid bare a dispute between Brussels and the Washington-based global lender that has been simmering behind closed doors for months.

Greek Prime Minister Alexis Tsipras cited the report in a televised appeal to voters on Friday to say ‘No’ to the proposed austerity terms, which have anyway expired since talks broke down and Athens defaulted on an IMF loan this week.

It was not clear whether an arcane IMF document would influence a cliffhanger poll in which Greece’s future in the euro zone is at stake with banks closed, cash withdrawals rationed and commerce seizing up.

“Yesterday an event of major political importance happened,” Tsipras said. “The IMF published a report on Greece’s economy which is a great vindication for the Greek government as it confirms the obvious – that Greek debt is not sustainable.”

At a meeting on the International Monetary Fund’s board on Wednesday, European members questioned the timing of the report which IMF management proposed at short notice releasing three days before Sunday’s crucial referendum that may determine the country’s future in the euro zone, the sources said.

There was no vote but the Europeans were heavily outnumbered and the United States, the strongest voice in the IMF, was in favor of publication, the sources said.

In Brussels, the way the IMF communicated the findings was seen as confusing, misleading and politically unhelpful.

The European Commission had produced its own debt sustainability analysis, based partially on IMF data, which is less pessimistic in its scenarios and is one of the documents mentioned on the Greek referendum ballot paper.

Diplomats said the IMF’s publication of the study was a way of making clear it would only be part of any future loan pact with Greece if the Europeans included debt relief in the mix.

Germany and its north European allies have said the IMF’s presence is indispensable both to win parliamentary backing for aid for any euro zone partner, and to keep the European institutions honest. Berlin suspects the European Commission of being too soft on Greek efforts to wriggle out of reforms of pensions, taxation, public sector wages and labor law.

The European Central Bank, ( which has made Banks close in Greece as soon as the referendum was announced , we note)  the third partner in what used to be called the “troika” of bailout enforcers, is also keen to keep the IMF involved, the Reuters article writes.

imagesFor the How, When and Why the IMF draft document was exposed to public opinion and had to be revealed go to our Greek2m eye story

For the Reuters’ exclusive story click here

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#Grexit in a bottle, Yay… “Zum Wohl”, such a #moodhack!

Grexit in a Bottle? Oh...right on time... Zum Wohl! Is it for Greeks?

#Grexit in a bottle, Yay… “Zum Wohl”, such a #moodhack!.

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Plan for joint agreement believed to have started being drafted by Athens and Eurozone sources

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Both parts aiming to a solution of the Greek crisis

Latest update: 18:07,by the ANA-MPA

Negotiations between Greece and its creditors are progressing  at an accelerated pace and representatives of both sides are expected to convene for a Brussels Group meeting on Tuesday afternoon, a eurozone source said.   

The Eurogroup Working Group (EWG) is also expected to meet on Wednesday, sources said.
Earlier, European Commission spokeswoman Annika Breidthardt said that Monday night’s ‘mini-summit’ with German Chancellor Angela Merkel, French President Francois Hollande and the heads of the three institutions representing the creditors – European Commission, ECB and IMF – had evaluated the progress in negotiations between Greek authorities and the institutions, adding that the contacts will continue.
Breidthardt said that Greece’s international partners speak with one voice and that talks are continuing on all levels, while the institutions remain in close contact with Greek authorities in order to complete the negotiations, adding that Monday’s meeting was held in this framework.
European Commission sources said that Angela Merkel and Francois Hollande know very well each side’s “red lines”, following their talks with Greek Prime Minister Alexis Tsipras and the heads of the European Commission, the ECB and the IMF.

Taking these developments into account, it is believed that a plan for a joint agreement will start being drafted in the next few hours , the Athens News Agency wrote

Commission sources noted that Monday’s mini summit meeting was aimed at smoothing out differences between the institutions and forming a common political line. They also said it is possible that a decision will be adopted which will have a medium- rather than a long-term nature, since it will not include final arrangements for the Greek debt.

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  Greece has sent 47-page draft agreement to creditors

The Greek government submitted a comprehensive draft agreement running to 47 pages to the institutions representing Greece’s creditors on Monday and is now awaiting their reply, government sources said on Tuesday.

They said this proposal provides for a primary surplus of 0.8 pct in 2015 and 1.5 pct in 2016, as well as three VAT rates of 6 pct, 11 pct and 23 pct.
Earlier on Tuesday June 2, the government denied as inaccurate the report of tovima website about the alleged contents of the Greek side’s proposals.
A Greek government non-paper on Tuesday said that no draft agreement has been received from the creditors’ side, nor did the prime minister or other government official had have any contact with the institutions representatives.
Foreign reports, mainly from the German media, said that a draft agreement has been sent to Athens claiming that it is a final proposal, which was not confirmed by the Greek government

Decision for realism and not for a divided Europe  belongs to European leaders

“The Greek government is negotiating with a plan and a strategy and has submitted specific proposals,” Prime Minister Alexis Tsipras said on Tuesday during his visit to the Education Ministry and added that “the dilemma concerns now the European leadership, decision lies in the leaders’ hands “
“We are negotiating with a plan and strategy amid difficult conditions. All Greeks know the difference between a government that negotiates and the previous governments that signed whatever they were asked to.
The Greeks should be proud, regardless of the party they belong to. Greece has tabled proposals, we have made concessions – a normal practice in a negotiation – but we have submitted a realistic plan for the country to get out of the crisis.
  • The outcome of the negotiations will mark the end of the division of Europe. It is now clear that the decision about whether they wish to adapt to realism and exit the crisis without Europe’s division belongs to the leadership of Europe.
    It is not just a Greek problem, it is a European and global issue.
    The dilemma is between a realistic exit option and the division of Europe.
    The government is moving with a plan and determination and based on the vast majority of the Greek people, who wants a solution and does not want the country to return to the previous period of memoranda and subordination.” Finally, Tsipras expressed his optimism that the political leadership of Europe will approach their positions with respect and Greece will have made its contribution to the future of a united Europe.

Find this story on our Close that Deal Greek to me Home Page

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Exclusive: A Deal, Yes, yes, A deal! #Greece possibly HAS an agreement

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 Negotiations turned unexpectedly positive, by Angela Merkel’s helping hand

Exclusive information obtained late Friday 29/05/2015, by Greek to me!, whispers that Greece’s agreement with its Eurolenders is a reality. Greeks do hold their breath for official announcement still, moment-to-moment…..

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Negotiations for Greek agreement have taken ‘sudden, positive turn’

There has been a sudden, positive change in the Brussels Group, during the final stretch in efforts to achieve an agreement between the Greek government and its partners, a source in Brussels reported on Friday.

According to the source, there were only “very few elements left” on which a substantive solution had yet to be found, so that an agreement can be reached.
These had to do with taxation on property and the size of VAT rates, the source added.
Based on information given to the Spanish newspaper “El Mundo,” German Chancellor Angela Merkel intervened on Friday so that progress would be made and the sides arrive at an agreement.
Earlier on Friday European Commissioner Pierre Moscovici’s spokeswoman Annika Breidthardt had said that discussions at the Brussels Group had been continuing and that “there is not ultimatum about when…

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Proceedure to accelerate, solution for #Greece to be viable and longterm, Holland- Merkel promised to contribute

German Chancellor Angela Merkel and French President Francois Hollande held “friendly and constructive” talks with Greek Prime Minister Alexis Tsipras that focussed on Athens’ completing its current bailout, a German government spokesman said on Friday, May 21, the Reuters reported,

while the NYT wrote  that German Chancellor Angela Merkel and French President François Hollande have said during the meeting with Greek Prime Minister Alexis Tsipras, that they would personally help if needed to push for a speedy solution to Greece’s financing woes, reports that match, here in Greece, to the Greek political reporters’ information from PM’s office sources from Riga.

The meeting of the three lasted two hours and took place after the dinner Thursday night during an EU summit in Riga, and agreed that Athens should continue its talks with its creditor institutions, while the three leaders also agreed to keep in close contact with each other, Reuters said

According “to a senior Greek government official”, reported word-to-word the NYT. short after the meeting,

“[Ms.] Merkel and Mr. Hollande said they would personally contribute toward the direction of a viable, long-term solution for Greece and accelerate the procedure”

The trilateral meeting between Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French president Francois Hollande on the sidelines of the EU’s 4th Eastern Partnership Summit in Riga concluded late on Thursday, around  midnight
The meeting was also attended by State Minister Nikos Pappas and Alternate Minister for International Economic Relations Euclid Tsakalotos

Tomorrow President Juncker will meet with Alexis Tsipras, Friday 22.5 at 14.30 (local time), as it is also announced.

Based on the progress made thus far in the negotiations between Greek authorities and the institutions representing the creditors (European Central Bank, European Commission and International Monetary Fund), the two sides could be ready for an agreement by the end of the month, Greek government sources said in Riga, the ANA-MPA reported Thursday evening. Of course, the poisonous “news production” of international sources, could not be missing these hours, as well today.

MT Gov is optimistic about an agrmnt on . But what I am learning frm , Berlin & DC are quite different

Nikos Filis

Nikos Filis

Greece is outside Eurozone , due to the Memorandum

“What is very important is that Chancellor Merkel and President Hollande, shoed today that, indeed, they are interested in a longterm solution for Greece, commented N.Filis, Parliamentary Representative of governing SYRIZA Party, live on air, as soon correspondents reported the news on Greek tv after the meeting

” Longterm means Growth and Depth”

he emphasized, and explained to Emilios Liatsos who was interviewing him ,why these are such critical moments, not only for Greece’s present and future, but also for a viable future of  Democratic Europe, itself.

\’What this government achieved so far, is the fact the Story Greece is now discussed on the table of the top European leaders, on top political level, that really never happend before, since the Memorandum.

“It is a political decision, the survival of Greece,” Nikos Filis undelined, “as it had been  Greece’s accession to the European Community back in 1980 by Konstantine Karamanlis, Greece’s accession to the Economic Monetary Union in 2002 (even with biased data, Nikos Filis said, still, it was a political decision by Kostas Simitis), the same happens now, it is a political decision of the EU leaders to allow the re-accession of Greece”.

The Parliamentary Representative of Tsipras Party concluded his comments with  a so shocking, -though, already widely realized in Greece-, fact:

”  Greece is actually outside Eurozone , due to the Memorandum”

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You hear things different on the press, we are close to agreement, Varoufakis tells euronews

Fire and brimstone show EU deal is close, Varoufakis tells euronews | euronews, world news.

Yianis Varoufakis talks to Euronews " We are  close "

Varufakis denied suggestions that personal relations between him and the other finance ministers had deteriorated irreparably. Bloomberg news reported today that ministers had referred to Varoufakis as a “time-waster” a “gambler” and an “amateur”, but the former economics professor insisted the situation was very different.

“There is a major disconnect between what you hear in the press and the actual reality on the ground. We are adults and colleagues, we respect and even like each other,” he told euronews. He did admit, however to “a certain intensity at times regarding the negotiations” and predicted that the talks might have to “reach the very last moment before a mutually beneficial outcome emerges from a conflicting narrative”.

Higher incomes have to pay the burden in Greece this time, not the weaker ones as usually has happened

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Firstly there has been an agreement at the Brussels group discussions, said government sources Saturay afternoon, specifying that there has been an agreement on the principle that there should be appropriate reforms which will shift the burden from those on the lower income to those on higher incomes, contrary to the previous government’s policy”.

Same sources of the Prime Minister’s office reiterated that government’s program reform of the 21 points that was presented to the Brussl group  is carefully processed and accounted, providing an income that exceeds the sum of 3 billion euro for 2015.

They also underlined, talking to the Greek press, that there will be no recession measures and the actions proposed may bear a primary surplus of 1.5% of GDP and will allow positive growth estimated at 1.4%.

The details of the reforms to be agreed will be discussed among the technical teams which are still in Athens, the goernement sources announced .