– The letter of Athens Eurogroup “is a good starting point, but given the very limited time available it was not possible to develop concrete proposals to Athens and commitments on growth, public finances and financial stability. ” Writes ECB President Mario Draghi Eurogroup. “During the review we will evaluate – add – if you do not accept the measures are replaced by reforms of equal or higher quality.”
Even the IMF brakes – A similar assessment comes from Monetary Fund which, through the Director General Christine Lagarde, tells of considering the letter “a good starting point” but emphasized that “in various areas” lacking assurances on reforms envisaged in the Memorandum, in particular VAT, pensions and continuation of liberalization, privatization and labor reform.
Eurogroup: Athens now extends reforms – Eurogroup gets the green light, but with a request to Greece to “develop the reforms.” “The list, complete enough – say the Finance Ministers – 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.”
Merkel: Government greek back to reality – The German Chancellor Angela Merkel has expressed itself in favor of the extension of four months of the international program of aid to Greece. “The Greek Government of Prime Minister Alexis Tsipras is back step by step into reality,” he told Merkel during a meeting of representatives of the Union of the CDU / CSU, as reported by the agency Apa parliamentary sources.
Athens Stock Exchange believes and closes with a +10% – The Athens Stock Exchange recorded a session of strong gains on the day in which the reform agenda has been sent to Brussels . The index Ase Athens jumped by almost 10%, closing at + 9.81% with 937.96 points. A drag indexes upward were the headlines of the major banks, which have reported double-digit gains despite the concerns advanced by the ECB on the government’s program.
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