After passing the first reforms, Greece won the theoretical green light from European partners to quickly fill their coffers and negotiate a new bailout, shortly before the ECB would give a break to their banks.
During last night, the Greek government announced the reopening from Monday banks, closed since 29 June. However, the Greeks may withdraw only 60 euros a day (about US $ 67), although other operations may be carried out, said Deputy Finance Minister Dimitris Mardas.
After the vote the Greek Parliament approved a series of reforms as a sign of goodwill while generating strong political tensions, Athens was supported by the President of the European Central Bank (ECB), Mario Draghi, to find a way to relieve their debt, a need ” indisputable “. Despite this support, the Interior Minister Nikos Vutsis said that could take place “very likely” early elections before October.
The Greek parliament gave its approval to four reforms demanded by creditors, including a VAT hike. However, this vote caused many defections from the ranks of the formation of radical left Syriza, Alexis Tsipras of the prime minister.
Before the statements of Draghi, finance ministers of the Eurozone had agreed to start formal negotiations for a third plan of aid of EUR 80,000 million (US $ 87,000 million), as approved earlier in the week.
Y after London lifted his reluctance to use a community fund for the 28 countries of the European Union (EU), Athens should be accessible in the coming days to a bridge loan that will enable it to meet current expenses and reimburse 4200 EUR million (US $ 4,500 million) to the ECB on Monday.
‘Bridge’. To ensure, at least in part, this “bridge” financial, the European Commission proposed a loan of EUR 7,000 million (US $ 7,600 million), from a community fund. During the day, a regular meeting of the board of governors of the ECB in Frankfurt increased by EUR 900 million (US $ 978 million) loan ceiling ALS emergency, a lifeline for Greek banks.
“The conditions for the increase of ELA have become to give,” Draghi said. But still “questions about the willingness and ability (the Greek government) to implement” the promised reforms, recognized Draghi, who said “up to the Government of Athens” dispel these doubts.
In Athens, Greek Prime Minister appeared weakened by the loss of his parliamentary majority. By “tear” the liberal Greek daily Katherimini committed to a cabinet reshuffle, but Tsipras was content to criticize his party dissidents without mentioning sanctions.
European partners Greece begin to negotiate a third rescue when today Bundestag deputies, the lower house of the German parliament, the government granted a mandate to negotiate. Although Chancellor Angela Merkel faces growing discontent in the conservative camp, the green light in principle no danger. In contrast to Germany, the eventual reduction of the Greek debt, which amounts to 180% of GDP, it is practically excluded.
The International Monetary Fund (IMF) stunned its partners on Tuesday seeking to condition their participation in the next program helps Europeans main creditors of Greece, relieve debt. This could happen for an extension of time limits or an outright removed, something unimaginable to Berlin.
Merkel faces dissent
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The conservative group of the German parliament presented notable dissent in today’s vote in the lower house (Bundestag), to which the government of Angela Merkel will seek approval to open negotiations on the third Greek rescue package. The Chancellor had opened the meeting calling for a vote in favor of opening negotiations, in accordance with the agreement between Greece and other euro zone members.
Tsipras launches dissidents criticized Syriza
AFP – Athens
The Greek prime minister, Alexis Tsipras, yesterday criticized the 32 members of the radical left party that voted against the controversial bill on new austerity measures adopted by the Parliament.
“The election of the 32 deputies of the parliamentary group (Syriza) is in contradiction with the principles of friendship and solidarity at a crucial moment” and the party goes “wounded”, he said a government meeting, he said a government source.
Tsipras lost its parliamentary majority. Syriza leaders said the vote was against the new austerity measures, but they maintained their support. “This support (…) makes no sense, since I am compelled from now to continue with a seated in a minority of deputies about 300 government” of Parliament, lamented Tsipras.
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