The agreement stands between donors and Greece. A majority of Greek MPs approved first austerity and reform requirements of euro area countries. However, Prime Minister Alexis Tsipras lost his governing majority. The Greeks thriller Ticker.
- Since Monday, the banks reopened
- Greeks adopt austerity measures and reforms
- ECB granted banks new emergency loans
- FOCUS Online correspondent Philine Lietzmann ago Location
The facts: The agreement between donors and Greece stands. Banks open today after three weeks. The government in Athens has started the repayment of 6.25 billion euros to the European Central Bank. Tourists and locals get the tough reform plans to be felt: The VAT on food rises violently.
Should Germany Greece continue to help?
EU Stability guardians see financial risks by Greek crisis
15.52 Clock: According to the EU risk council ESRB, the risks for the financial sector in Europe have intensified because of the Greek crisis. The events in Greece could leave the risks to the sustainability of public finances back to life, it said in a report published on Monday the European Systemic Risk Board (ESRB). The organization for risk assessment in the financial system has settled at the ECB. Federal Reserve Chairman Mario Draghi is also the Chair of the ESRB.
However, there are few indications that the Greek crisis could spread to other countries, according to the report. In addition to the Greek crisis and the conflict in Ukraine have contributed to the general uncertainty in the financial markets. Overall, the stability watchman see the first evidence of a normalization of the economic situation in Europe, after a long period of crisis. However, the economic situation is still weak.
The ESRB is part of the European financial market supervision. The EU member states created in 2010 several new regulatory agencies that oversee the markets. Their common goal: identify imbalances and risks in the financial system in time and countermeasures as early as possible.
implementation of austerity and reform measures
14.57 Clock: The Greek Government has surprisingly changed the agenda for the parliamentary debate on Wednesday. They underlined the originally planned vote on the abolition of almost all tax breaks for the Greek farmers. The measure was highly controversial. Even further details of the pension reform should not be treated at this meeting, contrary to earlier plans. Instead, you want to only vote on legislation to modernize the judicial system and the banking sector, without requiring details were called
Government circles. Athens has the money remitted
12.25 Clock: Greece had referred to information of the German Press Agency on Monday his debt to the European Central Bank and the International Monetary Fund IMF. The learned, the dpa from circles of Finance in Athens. If it were around 4.2 billion euros to the ECB as well as around two billion euros for the IMF. This IMF repayment installment was supposed beginning of the month must be paid. . "The transfer will take a few hours until the money anywhere arrives," said an official on condition of anonymity
Video: The Greek banks reopen - still there is a problem
Greece begins with repayment of its loans to the ECB and the IMF
11.12 Clock: The government in Athens has repaid 6, launched 25 billion euros to the European Central Bank and the International Monetary Fund. 4.2 billion euros will go to the ECB, 2.05 billion to the IMF. The news agency reported Reuters, citing official circles
After only two hours every 20-euro bills away
09.47 are clock. At ATMs the huge National Bank on Syntagma Square go exactly 2 hours after opening the 20s from reports FOCUS Online correspondent Philine Lietzmann. Normally, the 60 Euro which may bring on the day the Greeks, in three 20- euro bills paid. But the steady stream of Bargeldabheber has exhausted the stock
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- The euro is in danger: How to save your money
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