The European Commission (EC) confirmed Wednesday already started negotiations with Greece on the Memorandum of Understanding (MoU) on the third rescue and expected to conclude discussions in mid- August.
The European Commissioner for Economic Affairs, Pierre Moscovici, said at a press conference that negotiations with Athens for a new program “just beginning” and that will last “until the second half of August” .
Moscovici expressed “satisfaction” of the EC, “the positive compliance by all parties agreed at the Euro Summit of 13 July,” referring to last week’s approval by the Greek Parliament of a first group of the agreed reforms.
“We have entered a new dynamic which will restore confidence, which is what we want for Greece,” added the commissioner.
The Greek Parliament will vote today on bill collecting second reform package agreed with the eurozone, as a prelude to the start of negotiations for a third rescue program.
The text, which includes a reform of the civil code and the adoption of the European directive on bailing out banks, has sticking points, such as introducing measures to facilitate housing auctions when the bank seizes.
On this second ballot they must face today the Greek chamber, Moscovici said that what is claimed to Athens is “to vote agreed. Everything and just that. We want no more rumors or changes one way or another. “
On Wednesday, Greek Prime Minister Alexis Tsipras, also agreed with the president of the Union of Greek Banks, Luka Katseli, continue to protect citizens most disadvantaged to avoid losing their first home, despite the expiry in late June moratorium on evictions.
On the other hand, a few days after the release of emergency aid to Greece 7,160 million euros under the European mechanism for financial stability (EFSM, in English), the EC has proposed changes to the operation of this instrument.
Brussels proposes to permanently safeguard European countries outside the euro ensuring that they are guaranteed by a system of collateral in the event of future uses of EFSM.
In this way it seeks to compensate the Member States that are not part of the eurozone to eventual case could have any financial loss.
This change must be approved now by the Council (the EU countries) and until then the mechanism can not be used, said the EC.
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