Sunday, July 12, 2015

Eurozone does not rule out temporary Greek exit from eurozone – Daily Mail

countries in the euro area not rule out a exit “temporary” Greece , according to a draft of ministers Finance, which estimated at between 82,000 and 86,000 million euros the amount the country needs for a third rescue.

“If there is no agreement, should offer Greece fast negotiations for a temporary exit from the euro area, with the possibility of debt restructuring, “the last paragraph of the draft to which AFP had access.

The proposal , like others in this document of four pages, is in brackets, indicating that it is not final.

The text was transmitted to the 19 heads of state and government of the area, which are gathered at a summit in Brussels in the early hours of the afternoon.

One of the proposals of ministers to “rebuild trust “is the Greek parliament approved” before 15 July, “the new reforms, ie within three days.

Among the demands the government of Athens, the Eurogroup calls for” reform ambitious “of the pensione s, open shops on Sundays s, liberalization of pharmacies and in other sectors such as energy as well as further privatization.

The text stresses the importance of the IMF part of the creditor institutions and also calls for a law guaranteeing the independence of the statistics office (ELSTAT).

Regarding the huge Greek debt, a debt reduction rule text but opens the possibility of a restructuring.

“There serious concerns about the sustainability of Greek debt, “says the document mentions the possibility of” additional measures “to alleviate, as prolong the time.

The Eurogroup also demands the right to monitor the legislation on issues key, even before the laws were submitted to parliament or a query.

“The government [Greek] shall consult and agree with the institutions all bills in relevant areas before submission to the public or parliament inquiry, “says the text.

possibility of negotiating a new rescue open only once met all these conditions.

“Just below the legal implementation of the above measures [...] may be able to take a decision on the mandate of institutions to negotiate a Memorandum of Understanding,” reads the document.

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