The Greek last-chance proposal: stepping backwards to move forward? What is really in Greece's last-ditch proposal, and can it work? by Silvia Merler on 11th July 2015 Blog post, Bruegel.org
[...] There were reports yesterday of an “explanatory memorandum” sent to the Greek Parliament together with this document (and only available in Greek), saying that the final agreement will include the commitment from lenders to negotiate with Greece over making the Greek debt sustainable after 2022. This however does not appear in any of the documents sent to Brussels and published. If such clear understanding between Greece and the creditors exists behind closed doors, it should be made explicitly public. Tsipras needs some solid and credible commitment from Europe to talk seriously of debt relief, so that this deal can be justified before the parliament and the Greek people as a necessary bridge to that discussion. He needs it now. Greece with this package is showing efforts to come closer to the creditors' position and signs of goodwill to embark on what its finance minister defines as "the Herculean task" of fundamental reform. It is high time for the creditors to move too, from whispering to making bold and credible statements. full: http://www.bruegel.org/nc/blog/detail/article/1677-the-greek-last-chance-proposal-stepping-backwards-to-move-forward/ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
