Eurogroup to Hold Emergency Meeting on Greece; IMF, ECB to Attend

Institutions of Power at war against People's Freedom

Institutions of Power at war against People’s Freedom

[I interpret this report to reveal the emergency meeting will take place this week around
11th Feb 2015. I am convinced that dealing with policy makers and money masters is akin to dealing with the mafia and mob bosses who view you as prey or threat. Yanis’ life may be in danger… ~Ron]
Leave the thinking to usPublished: Feb 09, 2015 – 8:25 AM GMT by Lubica Schulczova WBP Online

Euro zone finance ministers are scheduled to hold a special meeting on Wednesday to discuss Greece’s debts, a day ahead of a regular summit of European Union leaders. The heads of the ECB and IMF are expected to attend.

BrusselsJeroen Dijsselbloem, the head of the Eurogroup, which brings together 19 euro zone finance ministers, said on Friday that the meeting will focus on Greece.

International Monetary Fund (IMF) Managing Director Christine Lagarde will meet new Greek Finance Minister Yanis Varoufakis for the first time on Wednesday during the emergency Eurogroup meeting to discuss the future of the Greek bailout program.

It is widely expected that European Central Bank (ECB) President Mario Draghi may also attend the meeting. Both leaders’ presence confirms that renewed discussions on Greek debt are taken very seriously. [Bold font added for our discussions… ~Ron]

According to reports from Greece, Varoufakis will address the new Greek Parliament on Monday. Afterwards, he wants to finalize his proposal for a “bridging deal,” an alternative to the bailout extension for the current bailout which will expire on February 28. The proposal will be presented at the Eurogroup meeting on Wednesday.

Tough talks ahead

The Eurogroup meeting will probably bring some heated discussions.

Varoufakis has said that Greece wants “a bridging program between now and the end of May, which would give us space – all of us – to carry out these deliberations and in a short space of time come to an agreement.”

However, Dijsselbloem told reporters when asked about Greece’s requests: “We don’t do bridging loans.”
“It will be a first step in how we want to proceed together in the next weeks, months. I assume a lot of differences need to be bridged,” he added.

To contact the author of this story, email lubica.schulczova@wbponline.com
.
RELATED:
https://ronmamita.wordpress.com/2015/01/26/people-in-greece-challenge-the-european-union/
https://ronmamita.wordpress.com/2014/06/01/visible-to-the-blind-as-governance-becomes-confrontation/
https://ronmamita.wordpress.com/2014/01/15/belgium-denmark-germany-and-luxembourg-are-the-only-eu-countries-with-citizens-approval/
http://www.georgakopoulos.org/work/people/varoufakis/
http://21stcenturywire.com/2015/01/27/anti-syriza-propaganda-begins-greece-is-emerging-hub-for-terrorists/

Cameron Chairs Meeting to Discuss Grexit Possibility

On Monday morning [9th Feb 2015] UK Prime Minister David Cameron met with senior officials to review the potential impact of a Greek default or exit from the eurozone.
The meeting was attended by the head of the Treasury, Nick Macpherson, the Treasury’s director of financial stability, Lowrie Kahn, and the Bank of England’s international director Phil Evans.

Fears that the threat of a eurozone breakup possible increased in the wake of last week’s news that the European Central Bank (ECB) will no longer accept Greek bonds as collateral and the statement of Greek prime minister Alexis Tsipras on Sunday rejecting an international bailout extension. –FX Examiner
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2 comments on “Eurogroup to Hold Emergency Meeting on Greece; IMF, ECB to Attend
  1. RonMamita says:

    If you want to know who Yanis Varoufakis is Listen To Him:

    Yanis speak has been rather consistant over the years now his actions will speak louder as Greece’s Finance Minister.
    https://varoufakis.files.wordpress.com/2015/01/abc-late-nigt-live-28-january-2015-my-elevation-to-fin-min.mp3?_=1
    Click to Listen

    Listen for Deadlines and veiled threats from officials talking about Greece:

    European officials (Eurogroup) threaten that without an extension of the existing rescue program — and the austerity measures it contains — the Greek government will lose access to new money… Then the ECB cancelled buying Greek Bonds.
    “The move, which means the Greek central bank will have to provide its banks with tens of billions of euros of additional emergency liquidity in the coming weeks…” –Reuters

    February 11: Finance Minister Yanis Varoufakis will take Greece’s debt proposals to an extraordinary meeting of the “Eurogroup” of 19 eurozone finance ministers in Brussels.

    February 12: The European Union’s 28 national leaders meet in Brussels, their first gathering since Tsipras took office.

    February 16: The “Eurogroup” of eurozone finance ministers is due to hold a scheduled meeting in Brussels that will nevertheless be dominated by attempts to reach a deal on Greece, whether temporary or long term.

    Any renegotiation of Greece’s massive debt obligations will take place at the Eurogroup, which is led by Dutch finance minister Jeroen Dijsselbloem, who was so far objected that Greece revisit its bailout or secure a new short-term loan.

    February 28: Greece’s bailout agreement with the eurozone expires. In December, eurozone ministers agreed to extend the European portion of the EU-IMF rescue by two months from the end of 2014.

    July 20: Greece faces a huge repayment to the ECB of 3.5 billion euros. According to several analysts, Greece can survive without a backstop until this date, as long as the ECB keeps some level liquidity available to Greece’s banks, but afterwards it faces a default.

    August 20: Athens owes the ECB another 3.2 billion euros.

    *European Commission President Jean-Claude Juncker, who is considered an enemy of the Grexit scenarios, during a visit in Germany: “Greece should not assume that the general feeling in Europe has changed so much that the Eurozone would accept the Tsipras government program without any limitations.” – See more at: http://greece.greekreporter.com/2015/02/09/greek-finmin-varoufakis-presents-the-greek-10-reforms-proposal-amid-grexit-concerns/

    The Shifting Script

    Any European crisis, or any other crisis, such as currency crisis, sovereign debt crisis, bond crisis, equity crisis, etc., will all direct the shifting international financial architecture in the direction of the multilateral framework, which, for the most part, has been negotiated behind the scenes of the geopolitical and economic events over the the last 6 years.

    The separate oil pricing platforms, such as WTI and Brent, will soon be consolidated and pricing fixed in SDR, but not before the valuations continue to spike and crash back down in a repeating pattern of cyclical economic punishment.

    International volatility will create the demand for the stability which is being engineered in the multilateral framework of the supra-sovereign SDR.

    The year has just started and we are in for much more. –JC Collins

    philosophyofmetrics.com/2015/02/04/the-shifting-script/

    .

    Dutch Petition Has Parliament To Debate Monetary Policy

    The Dutch Parliment will have to discuss monetary reform in similar fashion to the recent debate in the British Parliament due to a fast-moving initiative petition in the Netherlands.

  2. RonMamita says:

    Bill Still advises Greeks to Leave The EU

    Published on Jan 26, 2015
    Will the new government in Greece leave the Euro?
    Yanis Varoufakis “knows very well the source of the internal problems in Greece”.

    [many people state what Yanis Varoufakis knows about the corruption and the bankers. Indeed Yanis Varoufakis often shares that information in public. My question: is Yanis Varoufakis protected? ~Ron]

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