Wednesday, July 8, 2015

Athens receives EU request third save – El Nuevo Herald

The eurozone has received on Wednesday in Athens a new request for a third rescue for three years and is waiting to send them to the reform program that accompanies such assistance and must be approved by the heads of State and Government to prevent Greek exit from the euro partner.

Finally, after receiving an ultimatum from the eighteen members of the single currency, the government of Greek Prime Minister Alexis Tsipras, took a first step and sent to the European Stability Mechanism (ESM) your request for a third aid program, his spokesman told Efe.

“The ESM has received the Greek request,” said the spokesman of the rescue fund permanent respect of that demand came to the European institution while Tsipras responded in the plenary of the European Parliament (EP) in Strasbourg, France, to many questions from MEPs about the Greek crisis.

Hours later, ESM asked the European Commission (EC) and the European Central Bank (ECB) to begin their analysis of the economic situation in Greece, a step closer to a third rescue.

The two institutions discussed if risk financial stability of the euro area and the sustainability of public debt and the actual or potential financing needs of Greece, after which the eurozone will discuss whether to grant aid to the country.

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