Share

Greece: Tsipras between the OECD, Russia and China

THE EUROGROUP AT THE START – Possible postponement to tomorrow's European Council. Greece studying a reform plan with the OECD to close the agreement with the Troika – Tsipras invited to China by premier Li Keqiang – The bond with Putin is strengthened: Moscow is willing to grant financial aid to Athens. And Athens rejects new European sanctions against Russia

Greece: Tsipras between the OECD, Russia and China

On the day of the Eurogroup on the fate of Greece, the positions remain so distant that a further discussion at tomorrow's European Council cannot be ruled out. The final outcome would then be postponed to the next Eurogroup meeting next week. Waiting to see how the situation evolves for the new premier of Athens, Alexis Tsipras, reiterated its intention to develop a new reform plan together with the OECD, thus cutting off Troika officials. The program will be based "on the popular mandate and on our political program - specified the number one of Syriza during a joint press conference together with the secretary general of the OECD, Angel Gurria - and not on what had been previously decided" together with EU, ECB and IMF.

The reforms that the Greek government is thinking of mainly concern "the fight against corruption, tax evasion and cronyism", said Tsipras, who promised to go quickly to Paris - where the OECD is based - to carry out the elaboration of the plan. 

For his part, Gurria pointed out that he wanted to “work with Greece. We are not here to tell him what he has to do, but to provide him with tools already used by other governments to solve the same problems ”. 

Meanwhile, in the early afternoon a source from the Greek government announced that Tsipras had been invited in China by Premier Li Keqiang, who telephoned the Greek prime minister to congratulate him on the electoral victory and ask him to "deepen and broaden the historical ties between the two countries".

Also this morning Russian Foreign Minister Sergei Lavrov, after meeting his Greek counterpart Nikos Kotzias in Moscow, said that Russia "will consider" the possibility of granting "financial aid to Greece" if a request to this effect comes from Athens. 

Just yesterday the Greek defense minister, Panos Kammenos, leader of the nationalist Independent Greeks party in government together with Syriza, had issued a clear warning in Brussels: “What we want is an agreement, but if it doesn't exist, if we see that Germany remains rigid and aims to blow up Europe , then we have an obligation to have a plan B, which is to obtain financing from another source. It can be the United States at best, or it can be Russia, or China, or some other country.”

Today in the early afternoon the Athens Stock Exchange it falls by 4,41%, after the jump of almost eight percentage points recorded yesterday. Yields on 10-year Greek government bonds are rising again and are currently at 10,88%.

comments