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This entry was posted on July 17, 2015 at 21:01.
The last change is the July 17, 2015 at 21:01.
“The decision we took today in the ESM Board of Governors opens a phase new. ” This was stated in a note Economy Minister Pier Carlo Padoan, that opens negotiations “delicate.” For Padoan, Athens must now initiate a season of reforms, to be implemented with conviction. Today Governors of the ESM rescue fund (ie the finance ministers of the euro area) have given the go ahead, in principle, to the financial support plan to Greece in the form of a loan program, after the conclusion of the national procedures with votes in the parliaments of the various member countries. Officially there is no confirmation about the extent of the loan: two days ago European sources had indicated that it should be 40-50 billion euro in three years, compared with a total package of 82 billion to 86 billion.
Padoan: new phase now, Athens starts season reforms
“The agreement reached all’Eurosummit Sunday, the vote of the greek parliament and today’s decision – explains Padoan – allow us to start negotiations to build an ambitious program of financial assistance to Greece. In return we expect a period of reform that the authorities in Athens should implement with conviction, in the interest of the people greek “. “The program – continued the Minister – should be balanced and include both measures for a sustainable fiscal path both growth-oriented measures and the creation of jobs. It will be a delicate negotiation, which should take into account the lessons learned from past experiences. ”
“Now measures to strengthen EU integration”
The plan of loans for Greece is not enough. “We need to seriously reflect on the measures to be taken to strengthen the process of integration in the euro zone and the European Union,” concluded the minister.
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