Green light from the Board ESM, the European bailout fund, made up of the finance ministers of the euro area, the three-year plan by 86 billion for the bailout of Greece.
The EU Commission Vice-President Valdis Dombroviskis signed in name of the European executive and its president Jean-Claude Juncker, the Memorandum of Understanding with Greece which sets strict conditionality that Athens must meet for the third aid program by 86 billion. Now, stressed Dombrovskis on Twitter, “the Greek authorities have an opportunity to restore financial stability,” but he warned, “the implementation of reforms is what will count in the end” for Greece.
The ESM “will closely monitor the process” of implementation of the ” broad package of reforms “by the third program of aid to Greece,” it will not be easy and we are sure we will encounter problems in the coming years, but I’m sure we will be able to face them. ” So the president of the board ESM and the Eurogroup, Jeroen Dijsselbloem, after the ok to the new aid plan in Athens that “provides outlook for the Greek economy and a basis for sustainable growth.”
Today the German Bundestag approved with a large majority on the third package of aid to Greece. By counting showed that voted in favor of the 86 billion for Greece 454 German MPs. Were 113 votes against, 18 abstentions. The plan and the request for voting in favor were presented by the German Finance Minister, Wolfgang Schaeuble, who argued vigorously and “fully convinced” of the need for a yes by the Bundestag on the ground.
It is treated of the second extraordinary session of the Bundestag, which drew parliamentarians from vacation, after that of July 17, when the House gave the green light to start negotiations on a third bailout. Then, 60 of the 311 MPs of the center-right Union (CDU / CSU), voted against the request to open negotiations.
“It would be irresponsible not to use the opportunity of a new beginning »for Greece, Schaeuble said that addressing the German parliamentarians asked:” Vote for the approval “of aid. The minister also stressed that “Greece change is recognizable.” Schaeuble said that “of course there is no guarantee that everything will work and there is no doubt”, in the light of past experience, but also found – and more than once, in his speech – which in Greece is the line changed profoundly.
“Most of the major measures, this is new, have already been approved by parliament greek,” he said. And speaking of the turn of the government of Alexis Tsipras, the austere Minister Angela Merkel insisted “the change is evident, tangible, someone said it feels like another world.” Schaeuble also mentioned that Tsipras promised his voters that they could avoid the sacrifices and reforms that are “inevitable.” Now “should do the opposite of what it promised,” he said in another passage of his speech.
“For the German government it is essential that the IMF remains at the table with its experts “, he added. “A new participation of the IMF is essential also financially,” he specified Schaeuble, in another passage of his speech to the Bundestag, about the fund headed by Christine Lagarde.
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