Luxembourg . The Greek government today introduced a new aid request Mechanism European Stability (ESM), as confirmed by a spokesman for the permanent rescue fund in Luxembourg.
“The ESM received Greek request, “said agency spokesman since October 2012 has the capacity to grant financial support to the countries of the Euro , in exchange for strict conditions aimed at ensuring the stability of the euro .
“We agree with our neighbors, but one that (…) show us light at the end of the tunnel,” said Greek Prime Minister Alexis Tsipras, before the Parliament European in Strasbourg, after the aid package before the Eurozone beat last week against the failure of an agreement with its creditors Athens.
(Photo: Reuters)
According to a copy of the request for a page, you want to get a three-year program to pay outstanding loans and “ensure stability of the financial system. ” In return, Greece promises tax and pension system reforms. However, does not mention how much money needed.
Last week the International Monetary Fund (IMF) amounted to 50,000 million Euro (55,000 million dollars) extra help Athens needed until 2018, but the needs may have increased in view of the difficulties facing the country.
The Greek government justified its request for help by appealing to the danger of “financial stability of Greece (…) and the whole Eurozone “, the requirement for the ESM to intervene. In addition, Greece ensures firm determination “to meet promptly and fully with all its financial obligations to all creditors”
(Photo: Reuters).
However, the Eurogroup will not speak today by teleconference on the new request for help, as expected, spokesman of the leader of the finance ministers of the Euro , Jeroen Dijsselbloem .
What are other planned are discussions of finance ministers of the 19 member countries-known as Eurogrupo- Working Group to prepare the next meeting of the ministers, who must decide whether to put in up new procedures for granting aid to millions Greece .
The ministers “considered in detail the request of Greece of a program under the treaty the ESM “said Council President European , Donald Tusk, speaking in Parliament European in Strasbourg, in which he warned of the risk of bankruptcy of the Greek state and insolvency of its financial system. To avoid that scenario, the countries of the Union Europe must reach an agreement quickly. “I call on all those responsible to reach a consensus,” asked Tusk
(Photo: Reuters).
In the petition, Athens promises presentation a detailed list of reforms the Eurogroup on Thursday evening and the start of its implementation early next week.
So far, the Eurozone has only provided assistance in return economic reforms.
Tsipras reiterated before Parliament European Athens commitment to implement reforms. “In the coming days we will be able to fulfill the obligations of this crucial moment in the best interest of Greece and places Euro ” confided Tsipras.
Also, he denied rumors of “a hidden agenda” to an output of Euro , and said that all he seeks a “sustainable best deal, fairer and”.
However, he asked that there be no “taboo” in the talks, a possible reference to debt relief, which have already rejected some members of the Eurozone . “The proposals of the Greek government to finance its restructuring its debt obligations and are not designed to pose an extra burden on European taxpayers,” the goal of a new aid program said.
According Tsipras, should be share the burden fairly among the population. “Workers and retirees can not accept more burdens,” he said.
The programs that were hitherto used to rescue banks and “not reached the village,” said the head of Greek government . “With none of the reforms improved the functioning of state institutions.”
Tsipras was received at the Parliament between the cheers of his supporters but also with protests.
While the ECB is increasing the pressure on the government in Athens: President of the Bank of France, Christian Noyer and member of the governing council of the ECB, he warned today that if there is no prospect of agreement before Sunday the ECB will have to cut its emergency aid.
Greek banks survive for months mainly due to the so-called “Emergency Liquidity Assistance” (ELA), which actually is intended as a temporary aid for banks that are in good condition.
The Greek financial institutions have been closed since Monday last week and citizens can only get a maximum of 60 Euro ($ 66) at ATMs.
Meanwhile, Greece raised today in the capital markets 1.625 billion Euro (1,796 million dollars) by selling debt maturing in 26 weeks, for which it paid an interest rate of 2.97 percent-similar to a past-month auction, the Greek Radio quoted PDMA debt agency reported. Athens raised the money to refinance 2.000 million Euro (2,210 million dollars) in debt falling due on July 10.
The Greek financial press noted his hope that the rest Money can be raised Thursday. Then, Athens could auction new debt under a special procedure, as usual
Source:. DPA
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