Saturday, August 15, 2015

Greece: Eurogroup, ok borrowed a plane from 86 billion in 3 years – AGI – Agenzia Journalistic Italy

Greece Eurogroup ok to loan A plan by 86 billion in three years 10:35 August 15, 2015

(AGI) – Brussels, August 15 – The Eurogroup approved the agreement on the debt greek. The bailout consists of a loan to Greece of 86 billion Euros over three years, of which 25 will be for the recapitalization of banks. In return, Greece will have to ‘implement the privatization, reforming pensions, to have these data nell’avanzo primary: -0.25% in 2015, 0.5% in 2016, 1.75% in 2017, 3.5% in
2018.

The content of the agreement

“We praised the greek government for the cooperation with the institutions. This’ was very useful. It is an ambitious package of reforms, which will allow ‘to Greece sustainable growth, improved competitiveness’ and safeguarding of the accounts. ” This was stated by the President of the Eurogroup, Jeroen Dijsselbloem , on the agreement for the rescue of Greece.
“The privatization program strengthened – continues Dijsselbloem – is part of the package.” “We welcome the intention of the Committee of the IMF to support Greece will do to fall. The involvement of the IMF and ‘fundamental and indispensable for the Eurogroup”. Said the President of the Euro at the end of the meeting. “We welcome the positive assessment of the staff of the IMF -added – the conditionality ‘policies”.

Juncker, Greece will remain ‘irreversibly in the euro

“Today’s agreement exceeds the uncertainty that has weighed on the country for too long and Eurozone. With full responsibility ‘, commitment and implementation, this agreement will create’ new jobs and will ‘resume economic growth. ” And ‘the comment of the vice president of the European Commission responsible for the Euro Valdis Dombrovskis. “We are ready to support Greece with all our instruments – he added – from technical support finanzario” .

The agreement reached by EU finance ministers on aid to Athens ‘and’ a result that Greece has made efforts expected. ” These are the comments of French President Francois Hollande , that the agreement is “proof that Europe and ‘able to move forward on the basis of the principles of solidarity’ and responsibility ‘.”

Everyone did their part and Greece potra ‘return to growth. And ‘the comment of the Minister of Economy Minister Pier Carlo Padoan . “The agreement reached tonight puts Greece in a position to restore growth and hence employment – says Padoan – There ‘only established’ financial but also the reforms that modernized the country and helps to put the banks in provided to finance the economy. Everyone did their part – he concludes – and the government and Tsipras’ managed to push through a package of very important reforms, erasing some counter measures taken at the beginning. ”

The general director of the IMF Christine Lagarde as a positive agreement on the program of aid to Greece, but reiterates that the debt of the country “is not ‘sustainable’. In a statement, Lagarde Welcomes the “very important step” taken with the agreement, but says that is not enough for sustainability ‘indebtedness.

Today, after a long night marathon, and ‘got the green light also of the greek Parliament on the agreement with the creditors on the third bailout.
The package’ was approved by a majority. The prime minister, Alexis Tsipras, had asked the Chambers to vote the plan to ensure the survival of the country.

Tsipras, bridge loan and ‘return to endless crisis

The agreement on the bailout and’ was approved with 222 votes in favor, 64 against and 11 abstentions. The government Tsipras has therefore obtained the votes of the opposition, while 40 MPs of SYRIZA, including former Minister Yanis Varoufakis, voted against. Now the agreement will pass’ to the scrutiny of the Eurogroup in Brussels. Athens needs to unlock international aid before 20 August, the expiry of the bridging loan of 3.4 billion euro from the ECB. The German Minister of Finance Wolfgang Schaeuble said he was “confident on the understanding” for the Greek bailout, but adds that, without an agreement Eurogroup, “will serve ‘a bridge loan”.
Addition to Schaeuble’ and ‘ essential “a clear commitment of the IMF aid to Greece.

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