Milan – “I will go by the President to resign. The people must take power. You have to decide if we were able to carry forward the country and if we can lead the country out of the crisis . You decide with your vote who is able to give hope. You will decide who will be able to make the necessary changes. ” Group received the first tranche of international financing and repaid creditors, Prime Minister Alexis Tsipras announced on TV the resignation and the request for an early election.
The agreement signed by the government greek and creditors on the new aid plan “it is not we wanted but it was the best we could get under the circumstances, “said Tsipras. “Today this difficult phase of negotiations is finally over”, “we are obliged to respect the agreement but we will fight to mitigate the adverse consequences”. “We have to fight again so much against corruption, tax evasion, against the oligarchy.” “I have a clear conscience, in recent months I have fought for my people.” “We want a strong mandate, a stable government and solidarity with the company that wants reforms in progressive way.” “We brought the case greek worldwide. We have been an example for other nations. Europe is no longer the same after these months,” because “the idea of putting an end to the austerity measures is taking place and we, the Greece, we had a very important role in these new ideas, and we will always come first. “
The wait for the elections. The likely dates for the elections are on 13 or 20 September. The second date, sources said the government, would be called for by the Prime Minister, after a meeting with leaders of the party would be ready to step back, for which expects an ad on TV. The reason lies in the anticipation of the vote fracture Inside the majority of Syriza, with a good part of the leftist radical who opposed to negotiations and agreements with the former Troika. The prime minister, Alexis Tsipras, is weighing up the opportunity to go to early elections, as voters have not yet discounted the weight of some new austerity measures. In any case, the appointment with the ballot is now inevitable. With early elections, Greece could have, even if only for four weeks, its first female Prime Minister, the Chief Justice Vassiliki Thanou-Christophilou. Greek law in fact provides – reports from the site GreekReporter – which call for early elections the prime minister to resign and magisrao that drives the highest legal body in the country to guide the interim government.
The first tranche of aid. The current account of Athens has meanwhile inflated (for a few minutes) 13 billion, from the ESM, the European Stability Mechanism. This morning, iI board of the fund has approved the first tranche of financial aid to Greece, amounting to 26 billion euro. The board of directors has decided to allocate ESM immediately, for now, its 13 billion euro. This decision follows the one taken yesterday evening still by the ESM, which was given the green light to the proposed financial assistance to Athens, according to the terms of the Facility Agreement (FFA), which provides up to 86 billion in three years. Crucial to unlock the floor, the green light received from national parliaments in recent hours, including Germany.
Tsipras also wrote to European Parliament President Martin Schulz, to ask that instead of the former Troika (“the 3 institutions “) institutions involved in monitoring the steps of Athens become 5. The Greek prime minister, writes Bild, would like the ECB, IMF and EU Commission were at this point flanked by the ESM and the European Parliament, which” will ensure, as the only rated European institution directly, that economic policy and social policy is democratic legitimacy “.
The 13 billion allocated by the ESM today are part of a ‘sub-tranche’ of 16 billion, serving the needs of budget financing and debt. The remaining 3 billion this sub-tranche will be disbursed at the latest by the end of November, a time that Greece will have completed the main additional actions. The second sub-tranche of 10 billion, to be paid by the ESM through floating rate notes, is intended to support potential bank recapitalisations or resolutions. This second sub-tranche, the board of directors of the body has yet to give its final approval.
The mandate ESM, opened in October 2012 and with a firepower of up to 500 billion intervention is precisely to prevent stability in the eurozone, by giving financial assistance to those who adhere to a shared program with the European creditors. Shareholders own the ESM are 19 states which make up the single currency area, who subscribed capital by around 700 billion euro: 80 620 paid and ready to be made available.
around money, used for redemptions. As reconstructed by Republic , however, much of the money from the ESM is set to remain very little in Greece and – above all – in the immediate availability of the Greeks. A story that repeats itself, since the 240 billion allocated in the first two bailouts, only 11.7 – calculated as the think tank Macropolis – were actually available to the Government to alleviate the crisis in the country. Also today, in fact, Athens has repaid 3.4 billion due to the ECB (3.2 billion of capital to 200 million in interest) and expiring today. In the morning, in addition, it is also party reimbursement of 7.16 billion bridge loan that had been disconnected by the Eurogroup to allow in Athens last month to honor a double deadline back to the ECB and to the International Monetary Fund .
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