The German parliament yesterday approved the rescue plan for Greece, along with other five European parliaments. The ok allowed the start of talks in Athens with the Troika to get the loan from 86 billion. It will take 2 to 4 weeks to define the reforms that Greece must take to obtain aid. Monday the country will reopen banks, thanks to the bridging loan of 7 billion. Meanwhile in Athens the new ministers and deputy ministers appointed by Alexis Tsipras greek premier to reshuffle with which you have deleted all the leaders of the radical wing of Syriza took the oath before the President of the Republic, Prokopis Pavlopoulos.
In three, including the new Deputy Minister of Finance Alexiadis Trifonas, they chose the religious formula backed by a bishop. The other seven, beginning with Panos Skourletis, the new minister for the production and the energy that has taken the place of the dissident Panagiotis Lafazanis, and Olga Gerovasili, new spokesman in place of Gabriel Sakellaridis and first female face in the team of the government , have opted for the civil.
The reforms agreed between Athens and the EU in the so-called Agreekment of ‘Eurosummit “will be a failure” , according to the’ former Finance Minister greek Varoufakis the BBC. The reform program “will go down in history as the greatest disaster of macroeconomic management never happened” and will fail, anyone who has the responsibility for its implementation. As for the German Finance Minister Schaeuble, Varoufakis says the Grexit Zeit that he used to threaten the United States who were not d ‘agreement with the German plan for the restructuring of the’ Eurozone.
The positive vote in the Bundestag on the third rescue, along with that of five other eurozone parliaments called to speak, rekindles hope the Greeks to return slowly to normal. Banks will reopen Monday and will be stored also the biggest risk, ie the default, because by then will come the bridge loan by 7.16 billion euro, which the government will pay the arrears to the IMF and the ECB installment due on 20 July. Meanwhile today can also officially starting negotiations with the Troika (European Commission, ECB and IMF) on new ‘memorandum of understanding’, the document will contain reforms and measures that the Greek Government is bound to get the new bailout 82-86 billion on which the salvation of the country for the next three years.
For this Tsipras needs to change his team: to negotiate serve ministers reliable, that will not hinder the Troika as did Varoufakis, impendendo their access to documents and buildings. The negotiations, which will take place in the accelerated procedure, will last two to four weeks and will detail “macroeconomic reforms agreed or political conditionality linked to the financial assistance of the bailout fund ESM,” the bottom in a statement. Ie: from now on the Government Tsipras will not take any independent decision, will have to implement on time the reform agenda of the Memorandum and, should he wish to take some initiative, should concordarla however with the Troika.
node most critical of the negotiations remains the debt issue, the Commission Vice-President Valdis Dombrovskis confirmed to be already on the table. The IMF – which will be part of the deal right away even though he will enter the rescue only after the expiration of its agreement with Athens in April 2016 – calls for a “lightening the burden”, as reiterated the Director General of the IMF, Christine Lagarde . But Berlin is still very cautious, continues to exclude a ‘haircut’, ie a cut in its value, and does not propose alternatives, suggesting a willingness to postpone the discussion until a later time, as indeed foresaw the conclusions dell’Eurosummit.
Merkel has managed to convince the Bundestag on aid, and does not want to open a new, delicate face as debt. “I know there are many doubts about whether Greece will be back on his feet, but it would be irresponsible not to groped this way and not give a chance to the new Greece,” he said today asking the deputies support the agreement reached by ‘Eurozone Monday. His finance minister Schaueble has supported: “On the fact that Greece should be saved we all agree, we must see what is the way, Athens can not function if it does the basic reforms,” he told the Bundestag.
Ok EU to rescue and bridge loan, ECB increases Ela
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