Brussels / Athens (Reuters) – Greece has a loan from the International Monetary Fund (IMF) repaid on time, struggling with the euro partners, but continued to disburse urgently needed funds.
According to representatives of the euro-zone, the Greek government should revise its reform plans no later than April 21, so that the euro zone finance ministers can vote on April 24 in Riga about it. Then, according to insiders could initially provide the European Central Bank (ECB) help. The ECB raised on Thursday its emergency aid for the Greek central bank by 1.2 billion euros, as the Reuters news agency learned from a person familiar with the matter person. Greece’s Finance Minister Yanis Varoufakis announced in Paris a new start in the privatization of state-owned enterprises in.
A credit rate of 450 million euros was threatened by the state bankruptcy government in Athens on Thursday paid on time by its own account. “We have paid,” a government official said. Last week, Athens had threatened in the Euro Working Group according to Reuters information that tranche not being able to pay. According to representatives from the Euro-zone, therefore, there are now doubts as to whether the financial situation of Athens was really so bleak or whether’m just trying to put pressure on the euro-partner.
Sustained progress in the evaluation of Greek reforms, to be adopted by the EU institutions and the IMF precondition for the payment of a total of 7.2 billion euros by international donors, there was thus no previous or this week. The Greek side had instead done in the Euro Working Group on Wednesday once again that the financial situation “really bad” said an insider. “But there is no willingness to help, before there is no progress in the reform program,” the representative of the euro-zone made clear.
If the euro finance ministers in Riga a revised reform list Greece finally agree, the ECB According to insiders, their framework for the issuance of short-term bonds (T-bills) could increase and thus gain some time the Greek government. Regardless of the ECB has already raised by the renewed increase in the jargon Emergency Liquidity Assistance (ELA) mentioned aids their support for Greek banks to around 73 billion euros.
Before the actual relief funds totaling 7.2 billion euros could be invested, the Greek parliament plans for reform but must pass first, said representatives from the Euro-zone. A spokesman for the EU Commission stressed that an agreement must be reached on 20 February to the end of this month, according to the resolution of the Euro Group.
Despite the revenue problems will finance Varoufakis prevent relapse in times of budget deficit. Even if the government’s objectives for a primary surplus in the state budget – ie excluding interest payments – has lowered, there should be no deficit, Varoufakis said in Paris. He also announced a new initiative for privatization to take advantage of existing public assets wisely. The government thinking of mixed public-private investments.
The topics primary surplus and privatization are key obligations of Greece is against its donors, for the land grants were agreed in exchange. Overall, Greece is preserved since 2010 with 240 billion euros before the national bankruptcy.
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