The Greek Government must submit a “complete list of specific reforms” in the coming days under the terms of an agreement reached early Friday with creditors and “entrains” again bailout to Greece.
The agreement was reached at a mini-summit between Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President François Hollande, which was also attended by the presidents of the European Council, the Commission, the Eurogroup and the European Central Bank.
In a brief statement, the parties agreed to “accelerate work” and “completed as soon as possible” for Greece to present a “complete list of reforms”, which will release the Greece needs funds desperately to stay afloat the coming weeks.
“We on track procedure” Tsipras told reporters after the meeting said, adding it was “clear that Greece should not adopt recessive measures “dictated by its creditors and created, as denounced from the campaign that led to the head of government in late January, a” humanitarian crisis “.
The reforms will be” under the authority ” Greece, the statement in which the commitment of February 20 whereby four months extending financial assistance to Athens in exchange for reforms agreed with creditors is reaffirmed.
“We do not discuss figures or specific commitments, “said Angela Merkel at a press conference. “He asked (to the Greek authorities) to be more precise about the reforms,” said his Hollande part.
“These reforms should be evaluated in the sense of what may have as consequences in terms of income and expenditure and not in terms of content, “he added.
On 20 February, Greece and its partners in the eurozone agreed to extend four months bailout program of 240 billion euros exchange for reforms and spending cuts agreed with the institutions, the European Commission, the European Central Bank and the International Monetary Fund (IMF).
This would free the last leg of this program about seven billion euros, Athens desperately needs to tackle its bond maturities coming weeks and are blocked for months.
In particular, Greece needs in the coming days about “2 to three thousand million euros “to be afloat, according to analysts at Berenberg. Without the support of its partners Greece could leave the euro zone.
Greece endangered
The growing concern in Europe about the risk a Greek exit from the euro, intentionally or by accident. The situation in Greece is “dangerous”, President of the European Parliament, Martin Schulz said Thursday.
On Wednesday, according to analysts at Berenberg, deposits from Greek banks fell between 350 and 400 million euros. Into this tense context, the Greek Parliament adopted on Wednesday overwhelmingly the first bill sent by the Government of radical left whose aim is to assist the poorest.
This law caused a new crossing between Athens and the European Commission, which oversees, together with the ECB and the International Monetary Fund, accounts and reforms in Greece.
“That the Greek Government will make efforts for the poor does not surprise me . What we want from Greece is that you ask the wealthiest to pay taxes, “Hollande said on reaching the summit .
” We must return to find serenity with this subject, it is for the interest of the future of the country and the European Union, “said tonight Luxembourg Prime Minister, Xavier Bettel. On Monday, Greek Prime Minister will be received by Merkel in Berlin after several weeks of harsh statements.
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