2011年5月21日星期六

Edges of Greece more closely to get the best plan of rescue of terms (AFP)

Brussels (AFP) - the Greece moved to obtain better conditions of rescue Monday that the Finance Ministers Europeans, playing on the absence of some arrested IMF Chief Dominique Strauss-Kahn, explores scenarios to alleviate the debt burden of Athens.

Ministers of the 27-nation European Union indicated that they could give Greece more time to make repayments on bailing out last year, Athens has provided intensifying the reform measures.

They supported also third rescue plan responsible for debt the euro area in 12 months-($111 billion) rescue plan 78 billion euro of the Portugal.

The talks of two continuous days Tuesday to contain the resurgent debt crisis were tense but by the absence of the Director General of the Monetary Fund International, who was denied the bail in New York, facing a massive sentence if found guilty on chargesincluding attempted rape.

Deputy Managing Director Nemat Shafik was to represent the IMF, which funded the saves of the zone three euro during the past year.

With speculation turning increasingly to who could succeed Strauss-Kahn at the head of the IMF, German Chancellor Angela Merkel insisted that he resigned, his employment should remain in the hands of the Europeans.

Speaking in Berlin, she acknowledged that emerging economies could climb a valid claim on the position "in the medium-term", but said that in view of the crisis, "in the current situation there good reasons to say that Europe has good candidates."

"He is currently a balance between the United States, with the World Bank and in Europe, to the Fund, added Belgian Finance Minister Didier Reynders."

And the support of the ready Portugal, in exchange for a raft of privatizations and pressure on banks and other private investors not to withdraw their money from advance, Ministers also anoint Mario Draghi ItalianGovernor of the European Central Bank.

Spiral Greek debts now recorded at some 330 billion euros, Ministers and officials raised three possibilities - "Report", "3437" or even "restructuring."

The three scenarios are shades of grey to give Athens more time for managed by default, but clearly Europe is all the idea that the Greece may not be able to dig out of the crisis without outside help.

Analysts estimate that the Greece lost a powerful friend short-term Strauss-Kahn. United States, the Canada and the major emerging economies have recently questioned the amount of energy, a former French Finance Minister spent on the problems of Europe.

The IMF is pumping in a euro of both put up by the Governments of the EU in three rescue plans already agreed last year, which also includes a 67.5 billion rescue plan for the Ireland euro.

The European Commission maintained Monday that Greek debt restructuring was "not on the cards," warning that such a move could have "devastating consequences".

Spokesman for the Commission that amadeu Altafaj suggests rather "Report", including Athens by giving more time to repay loans of rescue.

The Austrian Maria Fekter said that Vienna was "favourable to the extension of the repayment period, we give them more time."

However, with the EU officials and the IMF due to report next month on the progress made in economic reform and budgetary in Athens, she took a tougher line on remission more species hard and cash.

She insisted the next opus 12 billion euros "can only be paid if there is no real structural reforms" set in train.

Also, the German Finance Minister Wolfgang Sch?uble said that Greece can benefit from an extension of the repayment schedule, provided that private creditors agree to match any delay.

The Minister of Dutch Finance Jan Kees de Jager however stressed "the only way forward is now more reforms, more budget cuts and privatization."

Already, IMF has led Athens to launch a massive sale of the companies owned by the State to raise a massive € 50 billion.

Surprisingly, in view of this was to be firmly in that the order of the day before 2013, de Jager even acknowledged that the Ministers discussed the possibility that holders of Greek bonds could lose part of their value.


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