pensioners waiting for the opening of the National Bank
Banks in Greece opened on Monday after three weeks their switches. The capital controls remain according to a published decree on Saturday but in power. Thus remittances from Greek banks continues to be prohibited to foreign accounts. For the Greek citizens, the government amended the conditions for the supply of cash. Since the closure of banks on June 29, they were allowed to take off a day 60 euros from ATMs. Now they can also can be more money to pay off in one fell swoop. However, the upper limit at 420 Euros per week remains.
With the restriction of the movement of capital a run on the banks and a collapse of the financial system is to be prevented. Businesses and individuals have withdrawn out of concern for the fate of Greece in the euro zone in recent months billion from their accounts. The reopening is possible because the European Central Bank has increased on Thursday after the approval of the Greek Parliament to reform the ceiling on emergency loans for Greek banks for a week to 900 million euros. This was According to insiders, at least about 89 billion euros.
New ministers sworn
In the morning, the new ministers were sworn in the cabinet of Prime Minister Alexis Tsipras. The new labor minister George Katrougalos announced on Saturday to hard negotiations on a third loan program. “We do not want to just sign off on the agreement, but decided to fight for the conditions,” he said. There are many vague terms in the text. An agreement must be socially just.
In the reshuffle, the critics of the agreement with the Euro-group had to go. Among the dismissed had the energy and environment ministers Panagiotis Lafazanis. In addition, the deputy minister for social issues, Dimitris Stratoulis was fired. The two are considered the leader of the left wing of Tsipras’ party. They locked against further austerity measures and privatization and advocated withdrawal from the euro zone. Beside them several deputy minister had to go.
Also, the former finance minister Yannis Varoufakis, who had already withdraw immediately after the Greek referendum, criticized the conditions of the third aid package. “It will go down in history as the greatest disaster economic Manna gements” Varoufakis told the BBC. The program will fail, “Whoever cares to implement it”. When asked how long the process would take, he replied: “It has already failed.”
© dpa Greece new ministers at the swearing.
Greece new ministers at the swearing.
approval for Tsipras remains high
Tsipras had parliamentary approval for the reforms from which the creditor had made the opening of negotiations for a third billion-aid package depends, is only thanks to the support of the opposition .
Although Tsipras thus took a U-turn, the approval ratings remain high for him. In the left-wing newspaper “Efimerida tone Syntaknon” published survey his Syriza party comes to 42.5 percent. By contrast, the main opposition party New Democracy currently would receive only 21.5 percent in an election. In addition, 70 percent spoke in favor of the new aid program, if Greece can thus remain in the euro zone.
dispute in Germany
According to the economic experts Clemens Fuest the euro area countries with the planned aid package move on the edge of legality. “The rules of the euro zone are bent”, the president of the Center for European Economic Research (ZEW) in Mannheim, which is to take its place after the retirement of Ifo chief Hans-Werner Sinn said. “A debt-ridden country to give new loans is, to give the country money, so to make transfers.” The monetary union is not a transfer union. But the planned aid package was “a clear case of such a transfer program that you really have to ask the question: Is that still compatible with the Treaties?”
They also state that the euro bailout fund should only be activated if the stability of the monetary union was in danger. “That is also my view not the case,” said Fuest.
Read more about
CDU general secretary Peter Tauber makes meanwhile criticizing dissidents in the parliamentary vote to Greece for discontent in the own ranks. Tauber had written on Thursday shortly before the session of the Bundestag overlooking the foreseeable nay-sayers in the Union Group in his blog: “It can be said in various ways ‘No’. Some MEPs make it a ‘business model’ and a name for themselves at the expense of others. In can annoy, but also I will not say anything. “
The CDU deputy Erika Steinbach, who had voted in the Bundestag on Friday along with 59 other parliamentarians of the Union to new negotiations with Greece over an aid package, was outraged. She called Taubers remarks on Twitter as “quite outrageous”. The German Press Agency she said on Saturday: “I will not insinuate profiling addiction and profiteering me.”
You can acquire the rights to this article
<- ========= Confirmation page:.! Will be loaded by JS if submission is successful === ============ ->
.
No comments:
Post a Comment