July 14, 2015
Wolfgang Schäuble wants Athens not let off the hook and calls the pressure of reality. Photo: AP
Around 12 billion euros Greece needs, to an aid package stands. Tsipras plaguing meanwhile intraparty concerns while Schäuble defended the “Grexit on time”. Parallel curb some EU countries rapid Greek bailout
Despite the recent agreement in the debt dispute is ticking for Athens the clock continues. The Greek government needs around 12 billion euros, but next Monday will be around 3.5 billion euros to the European Central Bank (ECB) due. The search for a bridge loan designed to, in the words of Euro group chief Jeroen Dijsselbloem but difficult. “We see all the instruments and funds that we could use, and all of them seem to have drawbacks or impossibilities or legal obstacles,” the Dutchman said on Tuesday before a meeting of EU finance ministers in Brussels.
Early on Monday morning, the euro countries Chefs in Brussels had to hard, notified more than 17 hours rings on conditions for a third bailout. The scope of the additional aid for Athens could include up to 86 billion euros.
struggle for the Greek bailout in Brussels
Greek Prime Minister Alexis Tsipras (Syriza) says he has the best for his country achieved what was possible. Greece now stand before but “tough decisions”
Photo:. Dpa
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Because this new program but can not be completed so quickly, it requires a financial bridging. So Greece should be given the opportunity to meet its acute financial needs and to support its banks. The Finnish Finance Minister Alexander Stubb said ahead of the meeting in Brussels of “one to six options”, adding: “It is clear that it is very difficult for some states to grant fresh money without conditions.”
objections from London
Now non-euro countries like Britain have spoken out, the brakes in the planned bridge financing for the bankrupt threatened Greece , At a meeting of EU finance ministers on Tuesday it became clear that there are objections in London, but also in Stockholm and Prague, to use money from an already long-standing EU bailout pot. “The euro zone has to pay their bill itself,” said the British Chancellor of the Exchequer George Osborne in Brussels.
Bloody euro rescue? Mural painting in Athens. Photo: AFP
Talking is resorting, among other things, on bond gains of the European Central Bank (ECB) of Greek government bonds, or to grant bilateral loans. British Finance Minister George Osborne said Britain does not belong to the euro area and is therefore not ready to participate: “. The euro zone will have to pay themselves their bill”
German Finance Wolfgang Schäuble is estimated that the development of a new aid program for Greece will take at least four weeks. The risk would be to conclude the negotiations with Greece, said Schäuble in Brussels. The pressure of reality should not be reduced at this time. The new program is extremely difficult. In the next few days it will go to the short-term financing.
He has also defended by Germany brought into play option of a “Grexit on time” against criticism. “There are some in the federal government that are of the firm opinion that it would be the better solution for the people of Greece. But of course under the condition (…) that the Greece decides”, Schäuble said on Tuesday after meeting of EU finance ministers in Brussels
. the pursuit of a majority in parliament
In order for the negotiations on the aid package ever can take place until the Greek parliament must already by Wednesday adopt a first legislative package. The deliberations of this to begin reportedly on Wednesday afternoon, the decisive vote to shortly before midnight local time (23.00 clock CEST).
target include higher VAT receipts and the introduction of a pension reform. Tsipras has to reckon with a sharp headwind in the government camp. Many members of the left wing have already announced their intention to vote against further austerity measures. The Prime Minister, however, can count on the support of the opposition. On Saturday during the vote on his austerity and reform proposals Tsipras had lost the majority in their own ranks and had to be based on the consent of the opposition.
It is also unclear how the right-wing coalition partners, the Party of Independent Greeks (Anel), will behave. Their party leader Panos Kammenos was again open, as his party will vote. The right-wing populists have 13 MPs in parliament. Kammenos made at the same time clear that his party wants to remain in the government.
Anti-EU protests in Athens
Anti-EU demonstration in front of the monument of the unknown soldier in Athens.
Photo: RTR
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Tsipras plans reportedly a reshuffle. On Monday evening of the left wing attributed to Deputy Foreign Minister Nikos Chountis resigned. He also admitted his parliamentary seat. Other department heads who should go, included Energy Minister Panagiotis Lafazanis and the Minister of Social Affairs, Dimitris Stratoulis it said in multiple media. They are considered the leader of the left wing of Syriza alliance and to a large group of up to 40 MPs behind him. Syriza has a total of 149 seats in parliament in Athens
. Arrears to the IMF increases
Meanwhile, Greece’s arrears with the International Monetary Fund getting bigger. As IMF spokesman Gerry Rice announced in Washington, met on Monday a due installment of EUR 456 million a not. Already on June 30, Greece had not paid a forthcoming IMF rate of nearly 1.6 billion euros.
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In other words, the country is now up with repayments in the amount of approximately two billion euros to the IMF in default. According to Rice, the IMF Executive Board in the “coming weeks” will discuss a Greek request to extend the deadline for repayment of the June rate.
At least until Wednesday remain banks closed in Greece. Until Thursday, the liquidity support of the ECB remains frozen at current levels, according to a press report. Currently, the maximum limit for these Ela-emergency loans is just under 90 billion euros. (Dpa)
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