World
Greece PM admits making major concessions to creditors
Athen: The Greek government’s latest proposal to creditors includes many concessions for the sake of remaining in the Eurozone, Prime Minister Alexis Tsipras acknowledged on Saturday in a speech to parliament, seeking endorsement of the package.
“I don’t want to hide the truth. The accord that will be discussed in the Eurogroup is far from our programme,” he said.
The choice Greece faces is between “what he have and what we had two weeks ago”, the premier said, alluding to the creditor blueprint his government rejected late last month.
Greece’s Eurozone partners and creditors are due to decide this weekend whether the newest submission from Athens is sufficient to keep the Greeks in Europe.
While French President François Hollande said on Friday that the proposal was “serious and credible”, the German government, which is seen as the ultimate decision-maker, declined to comment.
Tsipras addressed lawmakers two weeks to the day after he went on Greek television to say that he was turning down the plan of the troika — the European Union, European Central Bank and the International Monetary Fund — and convening a July 5 referendum on the path forward.
To the surprise of many, more than 61 percent of those who cast ballots last Sunday voted to reject the troika proposal.
The prime minister said his leftist Syriza party urged the “no” vote to strengthen the government’s hand in the negotiations with the creditors and he asserted that the terms of Athens’ latest initiative were at least “marginally better” than those available two weeks ago.
“We must admit, on the other hand, that what they are asking of us is difficult. Better than the ultimatum, but difficult,” Tsipras said.
Greece is now seeking a three-year financing agreement that envisions capitulating to EU and ECB demands for additional austerity measures.
The June 25 proposal from the creditors called for a five-month pact.
His plan, according to Tsipras, creates “for the first time the possibility to eliminate discussion of the Grexit”.
Greece’s latest bid also includes a mechanism that would allow Athens to convert some short-term debt into longer-term obligations, which Tsipras sought to portray as a first step toward debt restructuring.
“It is possible to reach a commitment to open a real debate about the debt,” the prime minister said.
“I am sure that this seed of democracy and dignity that we contribute will bear fruit for other peoples in Europe,” Tsipras said, adding that his government’s goal is not just for Greece to stay in Europe, “but rather to live and work in Europe as equals”.
Debt restructuring must be part of any solution to the “acute” financial crisis in Greece, IMF chief Christine Lagarde said earlier this week.
Further belt-tightening and structural reforms will not be enough to solve the problem, the IMF managing director told participants in an event at the Brookings Institution in Washington.
The Greek government is officially in arrears to the IMF, having missed a payment of 1.5 billion Euros ($1.7 billion) that was due on June 30.
Athens found itself unable to make the payment after failing to reach agreement with the troika on the disbursement of the remaining 15.5 billion Euros ($17.3 billion) of a second rescue package for Greece.
Syriza won election in January on a promise to throw off troika-mandated austerity that has pushed Greece’s unemployment rate above 25 percent even as the ratio of debt to gross domestic product has soared amid an economic contraction of more than 20 percent.
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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