Sunday May 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Berlin plays down reports of a third aid package

A protester's dog wears a sign reading ‘Tax the wolves’ during a rally in front of a tax office in central Athens on Monday against high taxes and home foreclosures.

German officials appeared to give out conflicting messages about the country’s position on Greece on Monday with officials from both countries playing down reports about a new Greek loan package in the coming months, but expressing support for Athens’s reform efforts, while a top-ranking German official suggested that Greece would be more suited to support from the World Bank than the International Monetary Fund.

A government spokesman in Berlin was quick to rebuff reports in Der Spiegel over the weekend, according to which a third aid package of 10 or 20 billion euros could be extended to Greece in exchange for more economic reform commitments. “There is no new situation regarding Greece,” a spokesman said, and ruled out a debt haircut “categorically.”

Senior sources at the Greek Finance Ministry also reacted to the German press reports, noting that a funding gap in the Greek financial program was created due to decisions taken by eurozone officials. “We are open to any discussion about a package on the condition that there will be no more fiscal measures, only structural measures,” one official said.

The German Finance Ministry’s five-page “position paper,” revealed by Der Spiegel and seen by Kathimerini, clarifies that Berlin does not favor the release of further funding to Greece in the first half of this year, adding that a premature decision on releasing aid to Athens could undermine reform efforts. It also adds that Germany and its European partners should send messages of support for Greece ahead of May elections.

German Finance Minister Wolfgang Schaeuble expressed Berlin’s fears about Greece’s fragile political situation in an interview in Monday’s Wirtschaftswoche. “Greece is faced with a domestic situation which is anything but easy. It faces many difficulties,” he said, adding that a third loan program for Greece would be a “low-risk” move.

Germany’s Vice Chancellor Sigmar Gabriel was much harsher in comments on Monday during a discussion involving European Parliament President Martin Schulz, among others. “Greece’s case falls more within the remit of the World Bank than the International Monetary Fund as its state infrastructure is nonexistent,” he said. The World Bank usually deals only with developing countries while the IMF is one of Greece’s three official creditors, along with the European Commission and European Central Bank.

In Athens, Prime Minister Antonis Samaras and his coalition partner Evangelos Venizelos are said to have discussed the progress of Greece’s reform efforts, though the date of the troika envoys’ return to Athens remains unclear, as well as tactics for capitalizing on a series of positive economic indicators that Finance Minister Yannis Stournaras is to present in the coming days.

In a related development, a statement by German leftist party Die Linke, according to which Greek authorities should impose a one-off capital tax on wealthy citizens, prompted a clash between conservative New Democracy and leftist SYRIZA, with the former referring to “the marginalized allies” of SYRIZA leader Alexis Tsipras. The furor followed the statement by Die Linke’s vice president, Sahra Wagenknecht, in support of the Bundesbank’s proposal for a capital tax for rich Greeks and her opposition to a third aid package for Greeks.

ekathimerini.com , Monday February 3, 2014 (20:02)  
Panaritis appointed Greece´s IMF representative amid SYRIZA complaints
Police confirm two arrested, one dead in raid to catch bank robbery suspects
Some blame EU Commission for Greek obstinacy in debt talks
Charity funding to help students vie in Olympiads
Greece locked in talks with creditors as payment clock ticks
Greek officials and creditor institutions are locked in talks for another weekend as both sides work against a payment deadline to avert default and a euro-region exit. “The key issue is to ...
Effects of potential Greek default for banks not clear, ECB´s Constancio says
The effects of a potential Greek default on the country's banks cannot yet be predicted, ECB vice president Vitor Constancio said on Saturday, stressing that he did not foresee a default. If...
Inside Business
SOCCER
Wemmer pens three-year deal with Panathinaikos
German defender Jens Wemmer has signed a three-year contract for an undisclosed sum with Panathinaikos, the Greek Super League club announced on Friday. Right-back Wemmer, 29, has been playi...
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
Inside Sports
COMMENTARY
Zenobia, Barbara, Christine and the general’s daughter
ATHENS – Lovely Palmyra has fallen to the zombie horde and its people are being slaughtered as the ancient city awaits its fate. It is Friday, May 22, 2015, and from my window I see the end-...
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece locked in talks with creditors as payment clock ticks
2. Effects of potential Greek default for banks not clear, ECB´s Constancio says
3. Panaritis appointed Greece´s IMF representative amid SYRIZA complaints
4. Police confirm two arrested, one dead in raid to catch bank robbery suspects
5. German bonds seen resilient as Greece talks produce false dawns
6. Checking lists of tax dodgers a slow process
more news
Today
This Week
1. Traffic accidents down in March
2. Greece open to compromise to seal deal this week, says interior minister
3. Some blame EU Commission for Greek obstinacy in debt talks
4. German bonds seen resilient as Greece talks produce false dawns
5. Police confirm two arrested, one dead in raid to catch bank robbery suspects
6. Panaritis appointed Greece's IMF representative amid SYRIZA complaints
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Endless confusion and worry
6. Romantic notions meet reality
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.