Piu ‘close the agreement between Greece and the EU and the stock flywheel – AGI – Agenzia Journalistic Italy

22:39 July 10, 2015

(AGI) – Rome, July 10 – It seems more ‘close the deal for Athens, which could already’ arrive Saturday, in which case Sunday is not earth ‘the Eurosummit. The markets believe the stock and run. Investors are optimistic about the possibility ‘that the new reform plan presented by the government greek creditors get the green light to allow’ in Athens to receive new loans and stay in the monetary union.
Closing soaring to Paris salt more than 3% and Milan to + 3%. Although the euro rises above $ 1.12, while the spread is reduced at just above 120 points. The President of the Eurogroup Jeroen Dijsselbloem has already ‘announced for tomorrow possible “important decisions” and, even without considering the merits, called “an accurate text” Proposals of Athens. Today gathered the creditor institutions (IMF, ECB and EU Commission): a summit at 4 in conference which brought together Christine Lagarde, Mario Draghi, Jean Claude Juncker and Dijsselbloem.
Meet ‘starting from the 15′s tomorrow in Brussels the Euro Group to study the plan of measures that the greek prime minister, Alexis Tsipras, has presented to the Commission, ECB and IMF to achieve a saving of EUR 53.5 billion with which to cover debt obligations for the next three years more ‘a package of 36 billion to boost growth in exchange for cuts to around 13 billion. In case of an agreement, the Greek banks, as reported by Reuters, will need a recapitalization from the amount between 10 and 14 billion Euros. According to banking sources Hellenic doors “should reopen by the end of next week if Sunday there will be ‘an agreement with the creditors.” The liquidity reserve ‘current Greek banks, the sources said, and’ equal to about 750 million euro, and should be sufficient until Monday ‘night.
Premier Matteo Renzi and’ ‘more optimistic’ than in the past “and you and ‘wished that does not serve the summit on Sunday, but did not fail to issue a warning:” The theme’ Europe think that for the next generation. ” France has already ‘given its’ placet’: the president, Francois Hollande, has defined the reform agenda “serious and credible”. “Now you have to relaunch negotiations, but with the idea to conclude them,” added the head of the French state, adding that “it takes discipline”, but “we must reach out” in a country “in trouble ‘.” Even the US and Russia profess optimism. Putin calls for a speedy resolution of the crisis and denied that Athens has never asked aid to Moscow. The US Treasury Secretary Jack Lew believes the deal “the most ‘near’. For the Italian Pier Carlo Padoan there are “important steps towards a solution.”
Piu ‘cautious Germany: the government does not and’ pronounced, but members of the party of Chancellor Angela Merkel pointed out that the plan Executive of Athens and provides exactly what ‘was rejected by the people in the greek referendum last Sunday. As well circulated hypothesis that tomorrow the Eurogroup studies also cut debt, the spokesperson of the Minister of Finance, pointed out that a haircut of debt “and not ‘legally possible in the monetary union”. The President of the European, the German Social Democrat Martin Schulz, welcomes the proposals of Athens.
Meanwhile Tsipras has to accept its majority in Parliament the package of reforms proposed to the creditors, convened a meeting of his parliamentary group ( 149 deputies) and the political bureau of Syriza. The premier greek asked Parliament a mandate to deal with the creditors, but not to leave the euro. “We’ll talk and I’m sure everything will go ‘well,” said Interior Minister Nikos Voutsis before entering the meeting. Tsipras will have ‘still in Parliament also have the support of the centrist To Potami and New Democracy opposition now. Former Finance Minister greek Yanis Vaorufakis not participate ‘in the voting in Parliament, citing family reasons. On Twitter, however, ‘he reiterated its full support to his successor, Euclid Tsakalotos, in negotiations of the Eurogroup tomorrow. “Tomorrow Euclid deserves the support of all of us. My him in full.
Then we will evaluate the effects,” he wrote on his account. For Tsakalotos “many of the demands on the debt of Greece will be accepted.” In particular, the minister and ‘said he was convinced of the possibility’ to load the bailout fund ESM € 27 billion of Greek bonds held by the ECB, a solution that dramatically lengthen the maturities for repayment of these securities. (AGI).