“The list, complete enough, is a good starting point to complete the review and then we give the green light to national procedures to reach a final decision on the extension of four months of the current agreement”: thus the Eurogroup clears and Greece asking her to “develop measures.”
A judgment that follows the one expressed by the EU Commission that has sollineato as the list of reforms introduced by the government greek was “sufficiently complete to be a good starting point for a successful conclusion of the review of the program. ” To say the commissioners Dombrovskis and Moscovici in a letter to the President of the Eurogroup, Jeroen Dijsselbloem. The Commission is “encouraged by the commitment to fight tax evasion and corruption,” and expects to work with the new administration to translate into “clear policies those that currently appear to general commitments.”
More prudent International Monetary Fund. Christine Lagarde, managing director of the IMF, considers the letter sent from Athens to the EU “a good starting point,” but stressed that “in various areas” lacking assurances on reforms envisaged in the Memorandum, in particular VAT, pensions and continuation of liberalization, privatization and labor reform.
Food stamps, energy and health care for the poor, possible extension of the pilot scheme of minimum wage: these are the only measures to address the humanitarian crisis contained in the list of Greek reforms, the agency Ansa he could see. The Government specifies that “the fight to the humanitarian crisis will have no negative effects on the budget.”
For the EU list of Athens “is sufficiently complete to be a valid point starting point for a successful conclusion of the review of the program, as requested by the Eurogroup “and” is encouraged by the strong commitment to combat tax evasion and corruption, “EU sources had stressed:” Further specifications are expected before the end of April. “
The sources indicate that the list “with a first list of reforms” of the greek government has been sent a letter from the Minister Yanis Varoufakis to the president of the Eurogroup, Jeroen Dijsselbloem, and representatives of the Commission, ECB and IMF “around midnight”, indicate sources of the European Commission. The dispatch was preceded by a “constructive dialogue” between the Greek authorities and the three institutions’ all weekend. ” But – it is emphasized – “the key to a successful conclusion of the ‘review of the program will be ready and determined implementation of all commitments to reform.”
The greek government will ” a ‘phase-in’ of a new smart approach on collective bargaining to balance flexibility with fairness. This includes the ambition to increase the minimum wage “but” it will be done in consultation with the European institutions “is what we read in the lists of reforms.
Greece” agrees not to withdraw privatization already completed and respect, according to the law, those for which it was launched the invitation, “but” will review those not yet launched aiming to improve the long-term benefits for the Government “: so the Government greek the list of reforms.
Review the VAT because it has “negative impact on social justice” and avoid “unjustified discounts.” Reinforce the concepts of “fraud and evasion,” replace the exemptions with social measures ‘to ensure that all areas of society, especially the wealthy, contribute a fair share’ spending.
Greece will reduce the ministries from 16 to 10, the consultants and benefits of ministers and MPs and will launch a “spendig reviews in all areas of public expenditure ‘to’ rationalize ‘the ministries where the expense is not intended to wages and pensions’ amounts to a incredible 56% of the total. ” Will review health spending but “ensuring universal access.”
The bag. After the close of yesterday for the Orthodox feast of ‘Monday of Ash, start soaring to the Athens Stock Exchange: the main index opened up more than 5%. Well even government bonds: the yield of ten-year Greek falls by 22 basis points, the five-year by more than 90 ‘basis points’. In net down the spread between 10-year government bonds of Greece and those of Germany. The differential was reduced to 829.6 basis points from yesterday’s close of 855, and the rate ten-year rate fell dall’8,92% all’8,68%.
The meeting with Theodorakis. Also today the premier greek Alexis Tsipras met the great composer Mikis Theodorakis to discuss with him the latest developments of the situation in the country. The meeting stressed the Athenian press, also takes place in the light of the critical letter published by Theodorakis on its website with which the artist – 89 years, one of the living legends of music and Greek left – asked Tsipras and the leader of SYRIZA to “find the courage to answer ‘no’ to ‘nein’ to Schaeuble.”
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