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This article was published on February 12, 2015 at 18:30.
The last change is the February 12, 2015 at 20:26.
Before lightened between Greece and Europe. The premier greek Alexis Tsipras and the President of the Eurogroup Jeroen Dijsselbloem have agreed to start a dialogue between technical EU, IMF, ECB and Greeks who study the distances separating the current program and requests the Greek. An initial analysis will be made within the Eurogroup on Monday.
A second positive news for the markets is the ECB, which has decided to increase to 5 billion the funds available to the Greek banks under the program of emergency assistance (ELA). The Ela for institutions Hellenic passes so 60000000000-65000000000.
According to the spokesman of Dijsselbloem, the president of the Eurogroup and Tsipras had a bilaterally on the sidelines of the EU summit in which Dijsselbloem Tsipras urged to initiate a dialogue between technicians on two floors, the greek and the European. The experts of the institutions and the Greeks should start meetings tomorrow and figure out how much common ground there is in the two visions. After this technical work will then serve a political decision, that the Eurogroup, that’s the hope, should be able to take Monday.
Fisco greek, in January -23% (over a billion)
An unfortunate news for Tsipras came, however, just today from Fisco greek: in January to the State was paid a billion less abundant than expected. The fees collected amounted to 3.49 billion euro against the target of 4.54 billion (-23%). The reason, according to the newspaper Kathimerini, lies in the fact that many Greeks “have avoided paying, in view of early elections,” trusting in the political will of SYRIZA to abolish unpopular measures such as Enfia, the property tax, in practice the ‘Imu Greek. Tsipras in the inaugural address last Sunday, confirmed the abolition dell’Enfia, which should be replaced by a sheet on large properties.
Merkel: Germany ready to compromise
On Greece ‘must seek a compromise, which is obtained when the advantages outweigh the disadvantages. Germany is ready, but we must remember that Europe’s credibility is based on compliance with the rules. ” He said German Chancellor Angela Merkel, a veteran of the marathon negotiations in Minsk on the Ukrainian crisis, arriving at the informal EU, after the extraordinary Eurogroup yesterday dedicated to Greece, finished with a stalemate. Merkel said that “a compromise based on a Greek proposal will be discussed at the next Eurogroup scheduled Monday” and then “there are still a couple of days.” Merkel said she was convinced that she can come to an agreement with Greece on the issue of debt. “Europe has always stood out for its ability to reach agreements,” said German Chancellor on his arrival at the Brussels summit. We must evaluate the advantages and disadvantages a nd the “Germany is willing to do it.”
Tsipras ‘confident’
Just Tsipras said he was “very confident that together we can find a mutually acceptable solution to heal wounds austerity, address the humanitarian crisis EU and Europe back on the path of growth and social cohesion. ” After the Eurogroup, speaking to reporters at the exit, Finance Minister Varoufakis had spoken of “a very constructive and extensive discussion on all aspects of the Greek crisis.”
The Croatian Milanovic: other countries need most of Greece
“We must all together in the EU as help Greece, although I do not think it is the Country European and most of all he needs help. ” He said the Croatian Prime Minister Zoran Milanovic, to reporters in Brussels, before the start of the European Council. “I think there are also other countries, the least developed of Greece, who need help, and now should pay the bills of Greece,” said Milanovic.
Finland severe: the commitments must be respected
Severo Finnish Prime Minister Alexander Stubb, one of the hawks of the North, on his arrival at the European summit in Brussels. “Time is running out – he said -. We have done everything possible in the past five years to keep Greece in the Eurozone and will continue to do, but the commitments are commitments, and we must adhere to this. ”
The ECB raises 65 billion liquidity emergency
Meanwhile, the European Central Bank raised 65 billion, from the previous 59.5, the availability of liquidity for Greece through the mechanism Ela (Emergency Liquidity Assistance). Today we held a teleconference of the vertices of the Eurotower after that last week the ECB itself had taken the opportunity to use the institutions of Hellenic Greek government bonds as collateral in refinancing auctions, lascinado therefore only Ela as financing channel . The ECB sees the Ela (granted to banks illiquid long as solvent) every two weeks and the next board is February 18. The increase in liquidity diposnibile is the signal of the problems faced by the banking system greek, increasingly short of fresh resources.
The emergency liquidity granted by the ECB through the Ela is for ‘ a very short period of time, “explained Peter Praet however, member of the Executive Board ECB, adding that” a systemic crisis in the Ela can be supplied to the banking system for a longer period, but on condition that there is the solvency of banks. ”
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