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APP USER: PLEASE Tap to TO Ticker GELANGE
The Euro Partners put Greece under pressure for new auxiliary billion to save more and to implement reforms immediately into action. The euro crisis summit in Brussels debated on Sunday a four-page list of demands of the euro zone finance ministers, aimed at a far-reaching reconstruction of the state. This involves, among other things, to privatization of state ownership and administrative reform.
The rescue plan comes within the Greek government on large Concerns. The proposals were “very poor,” it said government sources in Brussels. But still wanted to continue to Athens “find solutions”. Greece could not cope with a delayed onset of negotiations on a new rescue package, given its precarious financial situation, the report said.
The meeting of the 19 “bosses” turned about whether negotiations can begin on a third aid package. For this to be availed of the Euro bailout fund ESM . The plan is to run over three years and have a circumference of 74 billion euros.
If, however, can not start talks on a new plan, Greece threatens bankruptcy and the exit from the euro zone. Finance ministers from the euro zone threatened in their paper in a formulation variant in an unprecedented way with the fact that Greece would temporarily leave the euro zone, if no compromise succeed. EU Parliament leader Martin Schulz warned already: “We must avoid that Greece and the Greeks are humiliated.”
Among the states there are significant disagreements over the Greece Course. Chancellor Angela Merkel (CDU) told the meeting, an “agreement at any cost” will not give it. French President Francois Hollande on the other hand said: “France will do everything to find an agreement tonight.” Paris makes for longer for the Greek bailout strong.
The day before, a paper by German Finance Minister Wolfgang Schäuble (CDU) had caused confusion, the at least one five-year euro-zone “out” of Greece brought into play if Athens does not nachbessert his reform proposals.
Hollande turned against it and said there was no provisional “Grexit “. “There is Greece in the euro zone, or Greece (is) not in the euro zone.” Austrian Finance Minister Hans Jörg Schelling said, referring to the “Grexit”: “. Currently he is off the table, yes”
Hollande said: “A Grexit would mean that Europe is moving backwards. I would not want that. “
evening advised Chancellor Merkel, Hollande and EU Council President Donald Tusk with the Greek Prime Minister Alexis Tsipras and his finance minister Euclid Tsakalotos in small groups about solutions. . Diplomats calculated at the summit with long and tough negotiations
EU Commission chief Jean-Claude Juncker was optimistic: “We are now one until the very last millisecond solution works and we will -. I hope -. to find a solution “
In the paper, the euro zone finance ministers, a first legislative package calling up Wednesday (15 July), to adopt. It is about a unification of the VAT and the reform of the pension system.
Schulz demanded that Athens should keep control of the planned privatization fund. Athens is to transfer its assets to that trust fund in Luxembourg, which is designed to help you sell and thus erode debt. The potential magnitude of the assets is estimated in the paper at 50 billion euros. “You can not give into the hands of others, the national wealth of Greece,” Schulz.
said, without agreement, the euro zone finance ministers leaving after two days of deliberations the Heads of State and Government a solution to the Greek crisis. “A number of important issues still open,” said Euro group chief Jeroen Dijsselbloem.
had peaks chief Tusk short notice scheduled for the evening special summit of all 28 EU states canceled to help Greece.
Time is pressing because Greece threatened with bankruptcy. The country will have to repay the current month EUR 4.2 billion to creditors, it has not. The financing needs of Greece for the coming years is estimated at 82 to 86 billion euros.
The country has received in the past five years 240 billion euros in international aid. Programmes submitted after months of stalemate current austerity package also includes value-added tax reform. By 2022, the retirement age is set to rise to 67 years.
In the case of an agreement in the Euro Group on a new aid program to Greece until further restrictions on capital movements remain in force. The banks are closed for more than a week. The Greeks’re unable to withdraw cash from the ATMs only a maximum of 60 euros a day.
Hundreds of Autonomous and citizens demonstrated on Sunday evening peacefully outside the parliament in Athens against the continuation of austerity measures.
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