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Berlin’s DIW president: There will be a political solution (for Greece) at the highest level ~ HellasFrappe

Marcel Fratzscher, president of Berlin's DIW, one of the leading economic research institutes and think tanks in Europe,

Marcel Fratzscher, president of Berlin’s DIW, one of the leading economic research institutes and think tanks in Europe,

Berlin’s DIW president: There will be a political solution (for Greece) at the highest level ~ HellasFrappe.

     “Our proposal is to link the payment of the loans’ interest rates with the growth of the Greek economy. If there is no growth, as is the case right now, Greece will not pay interest rates.
“I am neither a friend nor an opponent of Mr. Varoufakis. I am a friend of the good ideas that improve the situation and that is why I find the proposal correct because the Greek government assumes greater responsibility, the burden of Greece’s debt alleviates and is ensured that at some point in the distant future, when Greece recovers then it will be able to service its debt and interest, while the Greek people will be able to afford the burden of debt. I think that this is a good compromise,” he noted.

Moreover, he expressed the view that there will be a new haircut of the Greek debt. “Even if the issue of a haircut is considered a taboo at the moment in Europe and Germany, I am deeply convinced that there will be another cut. There is no alternative, if not immediately, probably later, when we find that the debt burden is simply too big. A part of the 240 billion euros was used to repay debt and interest rates. Yes, one can say that it did not remain in Greece … I do not know the exact figures, but certainly more than half the debt has been paid to lenders.”

He also estimated that the new government in Greece is an opportunity for a new start. Greece needs a political jolt, a political renewal. Nevertheless, I regret that it did not make good use of this chance … the Greek government rightly argues that we must deal with social injustices, to see how people will ensure minimum living conditions. Its failure is that it has not given a clear message that it wants to renew the country economically and politically. I

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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”