Business
Wednesday July 15, 2015
For three months
The European Commission proposes immediately to Greece a bridge loan of seven thousand million, three months , through the European Financial Stability Facility (EFSM) subordinate to the launch of the first reform package.
The loan should be repaid through funds will be disbursed after the program of financial aid 86,000 million euros, it reported the website of the Commission.
Some countries have concerns about it and we must overcome “political difficulties”, said Commission Vice-President, Valdis Dombrovskis during a press conference.
“We know about serious concerns from some not members of the euro zone countries and therefore we are working on solutions to protect these countries not members of the euro zone any possible adverse financial consequences “, he said.
For the period 2007-2013 structural funds, to address the liquidity problem, it was proposed that the last 5 percent of payments normally held until 2017, is available immediately. Plus national co-financing is eliminated, with an expected profit of 2,000 million euros.
As to pack 35,000 million funds intended for cohesion policy for the period 2014-2020, an initial pre-financing of 7 percent was anticipated, for a profit of 1,000 million 2015-2016.
The Commission proposal, which has a neutral impact on the budget must be approved by Parliament and the European Council
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