Greece expects financial oxygen ball Brussels and the ECB – Daily Mail

Athens Thursday won approval from Brussels after vote the first reforms demanded by its creditors , at the expense of strong internal tensions, and Instead of a possible ball financial oxygen to their banks by the ECB, meeting on Thursday.

The Greek authorities adopted the measures requested “satisfactorily and on time,” he said Thursday the spokesman President of the European Commission, Jean-Claude Juncker

Alexis Tsipraslograba Wednesday night approved the first reforms demanded by creditors to Greece -. including a rise in VAT -. at the cost of losing the parliamentary majority by numerous defections in the ranks of his party, Syriza

The Greek press advocates a government reshuffle on Thursday or Friday

. The vote of the Greek parliament was prerequisite for i officially nitiate negotiations on a new aid plan 82,000 million to Greci a, with the possibility of debt restructuring, even to discuss.

Following the green light given by the Parliament of Finland to Athens temporary financing, German MPs will vote Friday on the bailout in a vote expected positive, although Chancellor Angela Merkel faces growing opposition among conservative ranks.

FIND LIQUIDITY ASAP

Athens, which already in suspension of payments to the International Monetary Fund, need for liquidity sooner respond to other maturities of loans, including one of 4,200 million euros to the ECB on 20 July.

The European Commission is pushing for recourse is made to a fund the entire European Union, but this option among others on the table, causing strong reservations in several states, including Britain, do not want to get involved in the problems of the euro area.

To that deadlines are kept, it is necessary that the 28 EU members agree by Friday at noon.

In Frankfurt, ECB President Mario Draghi will respond in a press conference scheduled for 12:30 GMT on possible modalities contemplated for Greece interim financing.

One option is the use of the interest generated by an old repurchase program assets of the ECB, which rise to 3,000 million euros.

Although he refuses to engage politically in discussions, for weeks the European monetary institution has the key to buoy aGrecia with emergency aid granted to Hellenic Banks (ELA).

These loans, the last resort of the Greek financial institutions, closed since 29 June, are now rising to 89,000 million euros.

the thorny issue DEBT

After the vote of the Greek parliament, some observers believe that the time has come for the ECB to increase the limit of ELA loans to allow Greek banks reopen next week.

Instead, Marcel Fratzscher, president of the DIW institute alemás not expect “no change” from Thursday, considering that the governors of the ECB will wait at least the vote of the German Bundestag on Friday.

In Germany, the issue of reducing Greece’s debt, which reached 180% of GDP, is particularly delicate.

The International Monetary Fund, creditor of Greece together with Brussels and the ECB, published on Tuesday, an explosive document that seemed to condition its participation in a future program helps relief of Greek debt by Europeans, whether in the form of an extension of the repayment terms, or by an outright removed, an unimaginable choice for Berlin.

“A real debt cancellation is incompatible with the fact of belonging to the monetary union,” the German Finance Minister