Major Agreements For Greece and Ukraine?

On the cover are odd images : A mushroom cloud, the Federal Reserve in a game called “Panic” and much more.OK, the ink has not dried and it is too early to know if the agreements will be honored, a moment ago I web-searched for the latest activity in Donetsk and armed conflict is still being reported, perhaps the orders have not reached the military or rogue elements (contractors)…
Yet, these are significant departures from destructive policies. ~Ron
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Zero Hedge News

Greek Gambit Succeeds As Germany Said To Ease Bailout Terms

ZeroHedge

With tax receipts tumbling and ELA funding hitting its limit, the Greeks are up against it. On the other side, the Greek strength in the face of EU’s demands (and Eurogroup’s realization of the uncertainty this could lead to) has apparently led to the start of compromise. As Bloomberg reports,

  • *GERMAN, GREEK OFFICIALS SIGNAL COMMON GROUND ON AID DEAL
  • *GERMANY SAID NOT TO INSIST ALL PARTS OF CURRENT BAILOUT STAY
  • *GREECE SAID TO BE OPEN TO SURPLUS, PRIVATIZATION DEBATE

As Merkel noted earlier, “Europe is always about finding a compromise,” and it appears they are getting closer  – as long as a ‘program’ continues. Bundesbank’s Weidmann has noted that Grexit would not solve either side’s longer-term problems.

As Bloomberg reports,

Greece and Germany are pursuing a deal on the conditions required to continue the Greek bailout as each side signals a willingness to compromise, according to government officials taking part in the talks.

Germany won’t insist that all elements of Greece’s current aid program continue, said two officials in Berlin. As long as the program is prolonged, they said, Germany would be open to talking about the size of Greece’s budget surplus requirement and conditions to sell off government assets.

For its part, Greece is prepared to commit to a primary budget surplus, as long as it’s lower than the current 4 percent of gross domestic product, according to Greek government officials. Prime Minister Alexis Tsipras’s coalition also might be willing to compromise on privatizations, one of the officials said.

All the officials asked not to be named because the deliberations are private and ongoing.

*  *  *

Merkel added:

“You make compromises when the advantages outweigh the disadvantages. Germany is ready for that, but you also have to say that Europe’s credibility depends on us sticking to the rules and that we deal with each other in a reliable way.”

So to summarize: Greece fails on its ‘promise’ to uphold one-third of its program’s requirements but because it upheld two-thirds, Germany insists that shows commitment and supports Merkele’s earlier comments that “Europe’s credibility depends on us sticking to the rules.”

Brilliant!

Please read the related: The Greek Issue Just Got Personal

The Terms Of The Ukraine Cease-Fire: Presenting “East Ukraine”

From Stratfor Via: ZeroHedge 02/12/2015

The Terms of Ukraine’s Cease-Fire

Following marathon talks in Minsk that lasted more than 17 hours, the leaders of Germany, France, Russia and Ukraine reached an agreement that appears to align with the Kremlin’s demands. The document calls for a cease-fire to begin Feb. 15, the withdrawal of weapons and the enactment of constitutional reforms in Ukraine. Though Ukrainian President Petro Poroshenko has denied that the agreement includes provisions for the creation of autonomous regions or the federalization of Ukraine, the document on the whole does fulfill several of the Kremlin’s long-standing demands with regards to the status of Donbas.

The new cease-fire agreement is based largely on the original one that went into effect Sept. 5. It focuses on the withdrawal of heavy artillery systems, which have been prominent throughout the conflict, within 14 days of the cease-fire’s implementation. The new cease-fire requires these artillery systems to be withdrawn far beyond their maximum effective ranges, a move that will create a buffer to prevent escalation and heavy artillery fire on the demarcation line. Missing from the agreement, however, is a decision on the fate of the still heavily contested Ukrainian positions in Debaltseve. Because both sides will have to withdraw their artillery systems, the result will be a very deep area without artillery cover in the center of the demarcation line.

The agreement’s most important impact on the military balance is its requirement to withdraw foreign forces and mercenaries from Ukraine. Separatists have depended heavily on the combat power of the Russian military and Russian volunteer forces. Without these, the separatists would have been incapable of repelling the Ukrainian offensive, and in the future would be rendered much weaker than their Ukrainian counterparts.

The signing of the new Minsk agreement, as well as Russian President Vladimir Putin’s direct participation in the negotiations, points to the Kremlin’s willingness to at least partially de-escalate the conflict at this time. The agreement includes some vague measures and conditions that all sides may ultimately chose not to implement. Several key points of contention remain unaddressed, and there are still many opportunities for the agreement to break down if they are not resolved. Therefore, political will, rather than the actual terms of the agreement, will determine whether a significant de-escalation is to take place.
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RELATED:
https://ronmamita.wordpress.com/2015/02/11/ukraine-peace-talks-u-s-and-uk-not-invited/
https://ronmamita.wordpress.com/2015/02/10/greece-3yr-notes-trading-21-68/
https://ronmamita.wordpress.com/2015/02/09/eurogroup-to-hold-emergency-meeting-on-greece-imf-ecb-to-attend/
https://ronmamita.wordpress.com/2015/01/26/people-in-greece-challenge-the-european-union/
https://ronmamita.wordpress.com/2015/01/25/boss-change-reform-for-the-new-world-order/
Addendum: To Add Joseph Farrell’s Video Below

Published on Feb 12, 2015
Farrell: Did the U.S. just blink?
The answer would appear to be yes.
But the question is why?
Did that PRAVDA article about 9/11 have something to do with it?
http://thehill.com/homenews/house/231863-pope-francis-will-address-congress
Feb 5, 2015 … Pope Francis will make history this fall, becoming the first pope to address a joint session of Congress, Speaker John Boehner (R-Ohio) said
_______________________________________________

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3 comments on “Major Agreements For Greece and Ukraine?
  1. RonMamita says:

    Breakthrough in Minsk as leaders agree to ceasefire deal on Ukraine

    Published on Feb 12, 2015
    A breakthrough in Minsk as Putin announces a ceasefire deal following marathon talks to end the fighting in east Ukraine.

    The Russian president said the truce would come into effect on Sunday and that the withdrawal of heavy artillery would take place over the next two weeks.

    Ukraine conflict: Leaders agree a joint declaration following Minsk peace talks

    Published on Feb 11, 2015
    The leaders of France Germany Russia and Ukraine are to sign a joint declaration following marathon peace talks in Ukraine.

    The details of the document are unknown as yet but there is speculation it may include an imminent ceasefire.
    The talks which went on throughout Wednesday night were held in Belarus under a Franco -German initiative.
    They took place in the same city, Minsk where last September a truce between Ukrainian government troops and pro Russian rebels was agreed but never fully observed by either side.

    The conflict has so far claimed the lives of more than 5,000 people and displaced more than one million.

    The quartet of leaders are said to have met alone which is an unexpected break with diplomatic procedure but the stakes are high.
    The main aims of the talks have been to agree a withdrawal of heavy weapons and a demilitarised buffer zone but above all to establish that elusive ceasefire.

    READ MORE: http://www.euronews.com/2015/02/12/ukraine-conflict-leaders-agree-a-joint-declaration-following-peace-talks-in-

  2. RonMamita says:

    G20 finance ministers forecast dim global economic outlook G20 “지속성장 위해 차

    Published on Feb 11, 2015
    After two days of high-powered talks in Instanbul… about the state of the fragile global economy… finance ministers and central bank governors from G20 nations say they will use monetary and fiscal policies to fight economic stangation.
    Shin Se-min has the details.
    The world′s 20 largest economies vowed to address uneven global economic growth by using monetary and fiscal policy… to prevent further stagnation.
    Wrapping up the two-day G20 finance ministers′ meeting in Istanbul,… the finance ministers and banks emphasized the need for structural reform in boosting the fragile global economy.
    In their written communique released Tuesday,… the officials vowed to “continuously review our monetary and fiscal policy settings and act decisively, if needed.”
    The text made note of sluggish growth in the eurozone and Japan,… adding that some of the emerging market economies are also slowing down.
    But said the European Central Bank′s recent quantitative easing policy would support further recovery in the eurozone area.
    On tumbling global oil prices,… the finance officials called on countries to take advantage of low oil prices to further investment.
    The leaders said the sharp decline in oil prices ′will provide some boost to global growth,… although it may present varying implications across economies,… such as exerting temporary downward pressure on inflation.′
    The meeting of G20 finance leaders comes at a crucial time,… with each economy operating under different monetary policies,… and with the troubles in Greece casting a dark shadow over the eurozone economy.
    Shin Se-min, Arirang News.

    G20 Summitry

    Published on Feb 12, 2015
    In this episode, CIGI Distinguished Fellow Thomas A. Bernes joins Senior Fellow and co-host Andrew Thompson for a discussion on G20 summitry.
    The conversation considers the history and origin of the G20, a review of the Brisbane summit and final communiqué, and comments on what we can expect from the 2015 summit in Antalya, Turkey.

  3. RonMamita says:

    ECB raises ELA to Greece by 5 billion euros ECB, 그리스 은행 긴급유동성지원 한도 50억유로 추가증액

    Published on Feb 12, 2015
    The European Central Bank has raised its emergency liquidity assistance to banks in debt-strapped Greece… accourding to sources in the industry.
    Reports say the ceiling was raised by 5-billion euros… or about 5-point-7 billion U.S. dollars… to 65 billion euros.
    This development came as anti-austerity Greek Prime Minister Alexis Tsipras took his new government′s debt and reform plan to an EU summit in Brussels.
    Last week, the central bank announced it would no longer accept Greek sovereign bonds as collateral for future loans.

    Greece bailout talks end with no agreement

    Published on Feb 12, 2015
    Greece and its international creditors failed to agree on a way forward on the country’s unpopular bailout and will try again on Monday, with time running out for a cash lifeline.

    In seven hours of crisis talks in Brussels that ended after midnight on Wednesday, euro zone finance ministers were unable to agree even a joint statement on the next procedural steps. Both sides played down the setback, insisting there had been no rupture.

    “We had an intense discussion, constructive, covering a lot of ground, also making progress, but not enough progress yet to come to joint conclusions,” Jeroen Dijsselbloem, the chairman of Eurogroup finance ministers, said.
    “We didn’t actually go into detailed proposals, we didn’t enter into negotiations on content of the programme or a programme, we simply tried to work next steps over the next couple of days. We were unable to do that.” Dijsselbloem said.

    Greece would have no further contact with experts from the European Commission, the International Monetary Fund and the European Central Bank before Monday, he said.

    The talks came after the EU had warned that the new government had to scale back its plans to revise the unpopular austerity measures if it wanted to secure cash needed for pressing debt repayments.
    But Alexis Tsipras, prime minister, has said he will not accept demands by Germany that his government first complete a pending loan agreement with the EU and the IMF in order to secure a bailout.

    Financing needs

    Greece wants the European Central Bank to hand over 1.9bn euros ($2.2bn) in profits made from Greek state bonds.

    Greece also wants ECB permission to issue up to 8bn euros ($9bn) in short-term debt to meet its immediate financing needs, and to tap a European support fund originally created to prop up Greek banks.

    Looking confident as when he had arrived at his first such talks, Yanis Varoufakis, Greece finance minister, said: “Now we are proceeding to the next meeting on Monday. We hope that by the end of that one, there is going to be a conclusion in a manner that is optimal both for the perspective of Greece and our European partners.”

    Spelling out how Greek voters had rejected the “toxic” austerity dictated by international lenders that rescued Greece after the global financial crisis, he said he hoped for a “healing deal” on Monday and stressed that, while much remained undone, “not finding a solution is not in our rationale”.

    Varoufakis and his delegation had a prior meeting with Christine Lagarde, IMF chief, who flew to Brussels to join the talks in a sign of the IMF’s concern about the Greek crisis, which is weighing on global financial markets.

    “They are competent, intelligent, they’ve thought about their issues. We have to listen to them, we are starting to work together and it is a process that is starting and is going to last a certain time,” Lagarde said.

    Greece debt talks – Optimism but no deal

    Published on Feb 11, 2015
    Talks on the future of Greece’s debt repayments have been “constructive” but no agreement has been reached, both sides have confirmed.

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