The Greek prime minister said Friday a cabinet reshuffle, which relegates ministers who opposed reforms demanded by creditors at a time when the eurozone is preparing to begin negotiations for a third aid plan .
Alexis Tsipras pushed the government to the three ministers who voted on Thursday against the adoption of the measures, confirmed in his post as finance minister Euclides Tsakalotos, very popular among their counterparts Euro zone.
Among the projections are energy minister and deputy Panagiotis Lafazanis Working Dimitris Stratoulis and Defense Costas Isychos, and Deputy Minister of Finance, Nadia Valavanis, who had resigned.
The head of the radical left government on Thursday criticized the attitude of the 32 MPs of his party who voted against the deal imposed on Greece by its creditors in exchange for a new bailout and said the formation sale ” wound “and now depends on the opposition.
This change is the first major reform of the cabinet from Syriza came to power six months ago, and apparently is a message for creditors who continue to doubt the will, and the capacity of the executive to meet its commitments.
– Green light of Germany –
This change occurs after German MPs gave the green light to the launch of negotiations for Greece to receive a third rescue of 86,000 million euros (94,000 million dollars), after Chancellor Angela Merkel advocated by the plan to avoid “chaos”.
This decision of the German parliament adds to the approval received by the Austrian and Swedish parliaments, and the approval of the European Financial Stabilisation Mechanism to provide liquidity to Greece in the form of a credit program as agreed on Monday (EFSM).
Now, Athens and its European partners must agree on the next few weeks, preferably before August 20, the date on which Greece must face the next major maturity of its debt, to detail the modalities for the delivery of rescue negotiations that are emerging as tense.
Although this week in European capitals was received with relief the deal away the prospect of the dreaded “Grexit”, ie that Greece out of the euro, skepticism prevails.
On Friday, before the German parliament, Finance Minister Wolfgang Schaeuble warned that “the last chance” would only work “if the Greeks mobilized all its forces.”
The Greek prime minister promised to reform pension systems, taxation and the labor market. It is a lot harder than the Greeks rejected overwhelmingly in a referendum on July 5 reforms.
This new dose of austerity, which administered adds over the last five years , has returned to take the Greeks to the streets and has sparked rumors of early elections.
Tsipras, since no parliamentary majority, acknowledged that is “disagreement” with several aspects of the program, and the Minister of Finance said that acceptance of the conditions of creditors will “weigh lifetime”
-. Debt restructuring –
One of the main sticking points in discussions will a request that has been a restructuring of the debt, which exceeds 300,000 million euros, representing 180% of GDP.
Although the IMF has defended this off and has subordinated its participation in the new rescue plan for the restructuring, for which the ECB has also advocated, Berlin remains opposed to a reduction of the nominal value Debt.
According to a survey published today, the Germans are also divided on the new aid to Greece. 46% support negotiations on a new rescue plan, while 49% are against, according to this poll DeutschlandTrend.
In Finland, only an agreement of respondents to a survey are favorable to the new rescue.
Meanwhile, while new aid arrives, Greece already has a bridge loan 7,000 million to meet its most pressing commitments, issued on Thursday by the ministers of the Eurozone. With this new liquidity via Athens can deal Monday to pay 4,200 million euros to the European Central Bank (ECB).
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