The agreement on Greece arrived. The Belgian Prime Minister Charles Michel has tweeted a curt “Agreement”, to indicate the intended purpose after a eurosummit river in the night.
The confirmation came from the then EU President, Donald Tusk: “unanimous agreement”, he tweeted, “Everything is ready for the ESM program for Greece with serious reforms and financial support.”
“After 17 hours we reached an agreement and now Greece will be able to conduct negotiations in ESM”, the EFSF, the president said the EU Donald Tusk at the end of the summit. “The ESM will aid with strict conditions,” he continued, Tusk, adding that now the finance ministers will have to decide “urgently how to help Greece with a bridge loan “.
Tusk said that the ‘Eurogroup afternoon will already something of the bridge loan,” Finance ministers today to discuss a matter of urgency the financing needs of Greece in the short term “, said EU President .
” We could not accept the Grexit and Grexit there will be. It was the goal for which we have always fought, “he exulted, in press conference, the President of the European Commission Jean-Claude Juncker , which went on to say: ” I do not think is an agreement humiliating for the Greeks, and I do not think that other Europeans will lose face, is a typical European agreement. “
the President of the Euro Jeroen Dijsselbloem said that the agreement on Greece provides for the creation of a fund that “privatize state assets to make profits, and help reduce the debt and bank recapitalization.” Dijessebloem He stressed that or ra greek parliament must legislate very quickly: “There is still much to do.” The agreement, said the president of the Eurogroup, will recapitalize Greek banks with 25 billion euro immediately.
German Chancellor Angela Merkel said that the ‘reached unanimous agreement on Greece has more advantages than disadvantages: “This is a plan A,” he said, “a plan B is not necessary.” Merkel explained that the third financial assistance for Greece will be of 82 to 86 billion, including 24 billion for the banking system.
The Chancellor believes that the trust between partners of ‘ Eurozone ‘will be restored “if what has been agreed will be implemented on time and as agreed. The debt of Greece, for Merkel, will be discussed once there is a positive assessment of the aid program. Merkel has ruled out a haircut and said it will be the Eurogroup to finalize the details of the bridge loan.
Francois Hollande. What Today’s agreement “in the interests of Greece, Europe, France,” said French President Francois Hollande, noting that without an agreement in Brussels risked being hit the “credibility of Europe.” The Elysee chief also confirmed that the final statement issued at the end of the eurozone on Greece will be examined Wednesday by the National Assembly in Paris. “That which was opened today is the negotiation that permits Greece to access a new aid plan, the rest will be in the coming days”, said Hollande, stressing that Greek banks will remain closed for a few days certainly, time that finances are finalized. “What I wanted was beyond the interest from Greece, was in Europe’s interest but also in the interest of France – he added – Why the interest of France is not dissociated from that of Europe.”
The premier greek Alexis Tsipras , leaving the Eurosummit, said: “We avoided the transfer of our assets abroad,” explaining that “We fought hard “in Brussels and now we will do it in Greece against” the interests “consolidated. Greece, said Tsipras, has struggled “to the end” for a debt agreement to ensure financial stability, “Today’s agreement maintains the liquidity and gives hope of recovery. We know that the agreement will be difficult to implement. But we got debt relief and medium term. “
The agreement. Greece will for the next three years a financial need between 82 and 86 billion Euros. It is what it is underlined in the final text dell’Eurosummit, which has reached an agreement for the opening of negotiations for the third program of financial support to Greece. The Eurosummit it said in its conclusions, “it notes that the financial needs of the possible aid program for Greece are between 82 and 86 billion euro, as indicated by the institutions.” The Heads of State or Government of the euro still recommend to “explore the possibility of reducing this amount through a budget alternative or privatization more consistent.” Moreover Eurosummit notes the “urgent financial needs of Greece, which stress the need for rapid progress to reach a decision for a new Memorandum. The financial needs are estimated to amount to 7 billion euro for July 20 and another 5 billion by the middle of August. “
The spread. The spread between BTP and Bund, with the agreement on Greece, rushes to 117.4 points from the opening 135. The Italian bond yield fell to 2.11%. Also down the spread between Bonos and Bunds, to 116, with the yield on the Spanish title to 2.09%.
The Bags. The Milan Stock Exchange opens sitting in the rise: the FTSE MIB gain 0.83% to 23,131 points.
Starting in the marked rise in the Paris Stock Exchange with the CAC-40 index rising 1 , 4% to 4,989 points.
Well even Frankfurt, which opens with the DAX + 1.5% at an altitude of 11,479 points.
No comments:
Post a Comment