Lara Malvesi and Céline Aemisegger
Brussels, Jan 11 (EFE) .- The European Commission will propose a new extension of up to six months bailout to Greece to avoid liquidity and due to the uncertainty created by expires February 28 last European aid and negotiate a new loan with the future Greek government, told Efe high Community office.
Brussels wants and reassure markets and cover the Greek banking from March.
The EC is aware of the impossibility of entering early elections next January 25 and February 28 has agreed on a new coalition government.
Ministers of Finance and Economy of the eurozone, meeting Eurogroup last December 8, already extended the rescue until late February to allow the Greek government close the fifth review of the program and not lose the last European disbursement of 1,800 million euros.
Parallel also extended for the same period for other bonds worth 10,900 million euros of temporary rescue fund for the eurozone Fund reserve Hellenic Financial Stability State, used to recapitalize the Greek banks.
But the calendar was the basis for the decision was overturned by summoning elections on 25th and requires partners Eurozone review plans for Greece.
The initial idea was that Athens requested to finish the European part of the rescue credit line with conditions reinforced by the permanent bailout fund the euro area, to have a financial safety net.
The current bet EC is that, whatever the new political scenario in Greece after the elections, there is an extension of the current aid until the Eurogroup give the green light to a new “soft” recovery with less harsh conditions for Athens compared with two complete programs for Greece, according to a charge of high rank.
According to Raoul Ruparel, downtown Study Open Europe, from a purely practical point of view it would make sense for a further extension, but is now being discussed before the election it could boost the vote for Syriza, it would reduce uncertainty to allow more time to negotiate with the eurozone.
And that is precisely what he wanted to avoid the current Prime Minister Andonis Samaras, who has promised to save the political stability of Greece, recalled told Efe.
The Eurogroup will meet one day after the elections, but is unlikely to already take a decision on January 26.
The period of six months is that the EC originally proposed to Greece for the first extension of the rescue, a period of half a year Samarás rejected in December, the report said.
The high community by further noted that the government led by Jean-Claude Juncker prefers to keep a “low profile” on possible Greek electoral outcome for the euro area “not to interfere” in the election campaign.
Considered “exaggerated” speculation about a possible exit from the euro or “Grexit” if the leftist party Syriza finally wins the elections, as indicated by the Samarás own and have encouraged some capitals such as Berlin.
Meanwhile, the leader of SYRIZA, Alexis Tsipras, never tires of repeating that in case of victory left, the country will remain in the euro and negotiate with their partners.
With regard to the figure of the Greek politician, the source said that it is a person seen in the EU executive as “reasonable” and which is already “changing” some of their positions.
The vocabulary Tsipras have disappeared more radical demands of 2012 when he wanted to abolish the MOU and declare a moratorium on debt payments and interests.
So, now speaks of negotiations on “a realistic basis” with creditors, removes a substantial nominal debt “but without harming European citizenship but in the framework of the European institutions”.
In calculating the EC to propose an extension of the current bailout beyond February also influences the European Central Bank (ECB) has said that it is not willing to give access to liquidity to banks beyond Hellenes the end of February if Athens does not end the current revision with the troika of international creditors and reached an agreement for further credit.
The company has helped Greek banks to relax the conditions for collateral it accepts . in exchange for access to liquidity
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