Tsipras renewed his cabinet to the reforms demanded by the EU – LaCapital.com.ar

The restriction of 60 euros a day at ATMs will give way to a more mild: the Greeks can withdraw up to 460 euros at once, but only once a week

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The new cabinet of Prime Minister of Greece Alexis Tsipras took office after the ruling on Friday to dismiss ministers and deputy ministers who voted against the reform package and adjustments required by European creditors in exchange for new money. Meanwhile, it was reported that banks will reopen tomorrow. The restriction of 60 euros a day at ATMs will give way to a more mild. Greeks can withdraw up to 460 euros at once, but only once a week

The ministers replaced They belong to the left wing of the ruling party Syriza, and were replaced by close associates of the prime minister. The Ministry of Environment and Energy, the most important change that must take numerous privatizations, was in charge of Panos Skourletis, until now Minister of Labor. Remain in their posts both Finance Minister Euclides Tsakalotos, who succeeded the controversial Yanis Varoufakis -opositor the last agree- like Foreign Nikos Kotzias.

Among the dismissed are the now former Environment Minister Panagiotis Lafazanis and Social Security Vice Minister Dimitris Stratoulis, leaders of the left wing Syriza. The rest relay occurred at the level of deputy ministers. A total of 32 deputies voted Wednesday against Syriza program reforms and adjustments sent by Tsipras. In addition, there were six abstentions and one deputy who missed the vote.

Tsipras announced after the vote that prefers to lead a minority government that relies on 123 of the total of 300 deputies Parliament and be endorsed by the opposition. The priority is the savings program and the third “rescue” of the EU-for 86.000 million euros and Tsipras wants to face negotiations with the new government. Once this issue is closed elections would be called in autumn (spring in the southern hemisphere), government sources said.

Former Greek Finance Minister Yanis Varoufakis, who openly opposes the new plan, again expressed by the BBC, which already wrote a column about it. “This program is doomed to failure, if it comes to be implemented,” he said in an interview with the British broadcaster. Varoufakis was ousted from office two weeks ago.

Tsipras, who on July 5 called for a referendum against the setting and then faced the harsh reality imposed upon him by his European partners, and borrowers: in or out of the euro and EU or stayed and received a third loan, but imposed the settings. After almost three days of talks in Brussels on Monday dawn Tsipras accepted the conditions imposed by Europe. “We had the choice between execution and surrender,” said the opposition now Varoufakis. “You may not agree with this and made it clear with my resignation. But I fully understand the difficult situation in which he was “Tsipras, the former minister, who actually was fired for Tsipras to request or demand from their European colleagues said.

The third package could be ready in a few weeks but to avoid default Athens will receive a bridge of 7,160 million euros from the European Financial Stability Mechanism (EFSM) credit. That amount will help Athens to repay debts to the European Central Bank (ECB) for 3,500 million euros and the IMF.

banks reopened. Meanwhile Greek banks, which carry three weeks closed, will reopen tomorrow, albeit with restrictions remain in place for capital controls, the Ministry of Finance. In other words, the “corralito” will continue, but with open banks. To reduce queues at ATMs, the regulations have been eased and citizens can take once to 420 euros, but only once a week, said Deputy Finance Minister Dimitris Mardas. Until now they could withdraw only 60 euros per day from ATMs. Transfers abroad may only be made with permission of the central bank and Ministry of Finance. Internal transfers are not restricted

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