In Greece, a change of the new government in Athens suggests – a few days before the expiry of a deadline set by the European partner of the bankrupt threatened country. Athens supposedly wants on Wednesday (02/18/2015) submit an application for an extension of the current aid program in the Euro group. “We are investigating the possibility of an extension of credit agreement”, told the German Press Agency of circles of the Greek government on Tuesday night.
But the austerity program does not apply, the report said. What does that mean exactly that government sources in Athens did not want to say. Greek media report that Athens seeks to extend by six months, ie until the end of August. How the media further reported that Athens will promise the euro partners in the letter that the government would not take any measures that result in additional deficits. Athens is also open to make further concessions.
In the dispute with the new Greek government’s European partners are losing patience. “On the 28th, 24.00 clock, is over,” German Finance Minister Wolfgang Schaeuble ruled on Tuesday in a language mix. Germany and other euro-countries called for the government in Athens once again to apply for an extension until this Friday.
This is the left-right coalition under Prime Minister Alexis Tsipras been rejected. Athens blames for the misery in Greece and the previous program of the euro partners and the International Monetary Fund (IMF). At the same time Tsipras insists on additional loan assistance -. With then less hard constraints
A “Grexit” is still on the table
In a swift agreement Greece threatens a dramatic deterioration in its financial through to national bankruptcy. This increases the risk of a Greek exit Euro–. The so-called Grexit
The financial markets were hitherto hardly impressed. In New York, but investors reacted apparently facilitates the rumors of Athens, the Greek government could ask for an extension of the current credit agreement. The stock market index S & amp; P 500 reached a record 2,100 points
On Wednesday also comes the Council of the European Central Bank (ECB), in order to discuss further emergency loans for Greek banks. Just last week, the ECB according to data from the Greek central bank circles increases the framework for the so-called ELA loans from 60 to 65 billion euros to keep the banks of the country financially afloat.
Since the ECB since a week exposure to Greek sovereign bonds more accepted as collateral for loans, the banks in the country have to get money on the ELA program of the Athens Central Bank. ELA loans are significantly worse terms than regular loans granted by the central bank.
dk / bea (dpa / afp / rtr)
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