The leaders of the eurozone reached “unanimously” negotiate an agreement allowing a third rescue program for Greece, after 17 hours of intense negotiations, said the president of the European Council, Donald Tusk .
“The Eurocumbre unanimously reached an agreement. It’s all ready for an assistance program through the ESM (European Stability Mechanism) to Greece with serious reforms and financial support,” Tusk said at conference press.
“It was laborious,” said for his part the President of the European Commission, Jean-Claude Juncker, adding that the risk of a ‘Grexit’ “disappeared”. French President François Hollande, held a “historic decision” of the European Union and the “courageous decision” of the Greek Prime Minister Alexis Tsipras.
Tsipras said that he “fight to the finish” to achieve a Okay, its partners in the euro zone wanted “harder” by the lack of confidence after six months of fruitless negotiations.
With this political agreement, the Greek Parliament must now approve most of the reforms and Athens proposed adjustments to convince its partners that give a third bailout, said the Eurogroup chairman Jeroen Dijsselbloem.
Once that vote takes place, national parliaments will decide on a mandate Eurogroup to have a “formal decision” allow you to continue with the negotiation.
“The road will be long and tenor of negotiations tonight, difficult,” Chancellor Angela Merkel told journalists, referring to the first stage of this new round of negotiations with Greece.
The finance ministers of the Eurozone will meet again in an ordinary meeting to discuss a financial bridge that allow Athens to meet its maturities until the rescue program three years, estimated between 82,000 million and 86,000 million, to be effective.
“Europe decided a roadmap. Now everything depends on the implementation “of the reforms and adjustments required to Greece, said Estonian Prime Minister Taavi Roivas in Twitter, one of the most reluctant to grant new aid to Greece.
Merkel and European requirements
German Chancellor Angela Merkel, said today that the agreement between the leaders of the euro area has more advantages than disadvantages and that Greece needs to go online with the request to Spain or Portugal in exchange for its aid programs.
“I can recommend to start the negotiations (for a third bailout of Greece) with all consciousness because the advantages outweigh the disadvantages,” he said Chancellor at the end of the summit of heads of state and government of the euro countries.
“It is in line with the programs we have agreed with other countries. Enda Keny, Passos Coelho and Mariano Rajoy have you talked a lot about their programs and that it was nothing special, except for the amounts involved, “he said.
Merkel said that now the conditions exist for to recommend that the Bundestag approves resuming negotiations for a concrete program of the European Stability Mechanism (ESM) for Greece, since the agreement includes a side “solidarity” of the Member States and on the other the “will to carry out reforms “Athens.
” In recent weeks in fact lost confidence, “he acknowledged, while stressed that what remains now is to implement what has been agreed during the night.
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Merkel He explained that the Greek Parliament will adopt before Wednesday a series of priority measures related, inter alia, with the pension system, taxation and statistical office, in order to give national parliaments a mandate to vote.
“The three institutions and the Eurogroup will certify that what we have agreed can go ahead as we agreed and then convene a meeting of the Bundestag,” he continued.
Merkel said that the financing needs are encryption between 82,000 and 86,000 million euros for the next three years, and stressed that measures to ensure the debt sustainability as the injection of 50,000 million euros in a privatization fund, which would include the privatization of banks recapitalized be taken.
The reaction of Greece
The prime minister of Greece, Alexis Tsipras, said today in Brussels that has achieved the best for his country in what It was possible. “We have fought a good fight,” said the head of government after a 17-hour marathon meeting with the heads of state and government of the eurozone countries. “We have faced difficult dilemmas and hard decisions,” the leftist politician, who stressed that the agreement keeps the country in the European Union.
“The middle inevitably generate recessionary tendencies, but the package of growth, debt restructuring and funding secured for the next three years “mean” ‘Grexit’ is gone. “
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The main European stock markets reacted positively to the agreement for a third package of aid to Greece achieved today at the eurozone summit in Brussels and began the week with gains of between a one and two percent.
A little known agreement, the Frankfurt Dax rose 1.55 percent to 11491.48 points after the opening, which occurred minutes after the euro zone leaders announced a deal after 17 hours trading at their summit in Brussels.
The Ibex-35 Madrid won at the start of the session 1.52 percent to 11203.5 points. In that environment increases in the CAC in Paris (1.92 percent), the Milan MIB (1.10), the London FTSE (0.70) or the European EuroStoxx index (1.75) is moved. .
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