Friday, March 20, 2015

Greece, new challenge to Europe: yes funds anti humanitarian crisis – Il Sole 24 Ore

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This article was published March 18, 2015 at 20:11.
The last change is the March 19, 2015 at 08:59.

The greek Parliament, favorable also the first opposition party New Democracy, approved the draft government law Tsipras’ to address the humanitarian crisis “that plagues the country, in deep economic and financial crisis. It is a challenge to the contrary opinion of the technicians of the European Commission. The measures, which are expected to cost a total of about 200 million euro, provide food stamps to about 300 thousand people. 30 thousand other families who had been deprived of the electric current should tonare to receive free supplies for a certain amount each month.

The red-black coalition government (SYRIZA, the party of the prime minister, most Greeks Independent) decided, in short, to proceed as scheduled along their way. The framework has obviously unnerved markets: today the return of the ten-year bond greek is back above 11% while in an auction of short-term securities by 1.3 billion euro yields have stagnated at 2.7% vs. 2.5% in February. The Athens Stock Exchange recorded a new slip (-4.13%).

Moscovici: not against, but Athens must consult the institutions
“It is not true that the European Commission is contrary to the humanitarian measures” that wants to take the government greek against the population groups most affected by the crisis and the austerity measures, said today in Brussels, the EU Commissioner for Economic Affairs, Pierre Moscovici, referring to articles that described how Declan Costello, Head of Mission of the EU Commission in the group of creditor institutions (ex troika) to Greece (Costello is head of the Directorate for Economic and Financial Affairs) has vetoed. The reason given by Costello in a letter to the executive greek is that, in approving the bill, Greece breached the commitment made to the Eurogroup of 20 February not to take unilateral decisions.

After renewed its “full confidence” in Costello, Moscovici insisted: “We support the government’s goal greek to support the most vulnerable affected by the crisis, not a question of veto these measures, which was also discussed during the meeting of Prime Minister Alexis Tsipras with Jean-Claude Juncker, “President of the Commission, last Friday in Brussels. However, the Commissioner explained, “Costello said that there is a framework agreement signed between Greece and the Eurogroup on February 20, saying that Athens has to consult the institutions, IMF, ECB and the Commission, on all new measures that decides, because we have to be able to evaluate the impact on the budget. ”



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