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
- Politicians threaten Athens with breakdown of negotiations
The facts: The agreement between donors and Greece stands. Banks are open again 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. In a Arte-Documentation revealed Prime Minister Tsipras his political beliefs
Should Germany Greece continue to help?
First demonstrators arrive at the Syntagma Square
18.22 Clock: FOCUS Online reporter Philine Lietzmann reported from Syntagma Square. The police presence there is now huge, but there are still a lot of tourists and locals go. From Autonomous there is no trace. About 150 demonstrators have come to the place. They chanted Ochi - no. The protest draws apparently past the Syntagma Square.
Police is preparing to debate the night before
18.07 Clock: The police bring in position for the debate in the evening. Nearly a dozen police buses parked at Syntagma Square in Athens. Police, private security guards and plainclothes men with pistols at the belt back up your environment, reported FOCUS Online reporter Philine Lietzmann. When the parliamentary debate starts, however, is not fixed yet. Yet days fractions individually.
If Greece can not pay: EU Commission wants new rules for EFSM
17.44 Clock: The for Greece- Rescue reactivated EU bailout pot EFSM should get different rules for its use according to the will of the EU Commission. These are intended to prevent non-euro-zone countries from risks, if Greece can not repay its loans, as the European Commission announced in Brussels on Wednesday.
From the EFSM, which is filled by all 28 EU member states, around 7 billion euros had been transferred as a bridge loan to Athens. Thus the country could meet its short-term financing needs and to equip the ailing banks with fresh capital.
Countries such as the UK, which are not members of the euro zone, insisted to be protected from potential financial losses in the use of the EFSM. An appropriate mechanism will now be anchored. Thus the amended Regulation guarantee, according to the proposal from the European Commission that non-euro area countries "obtain full compensation" for financial losses when a state does not repay the loans.
Before Parliament Vote: yet it is quiet on the Syntagma Square
17.25 Clock: At the last major parliamentary vote of Syntagma Square was ablaze. Autonomous fought a street battle with the police. However, before the vote today, the place is quiet. Especially tourists are traveling. "It is simply too hot to go out," says FOCUS Online reporter Philine Lietzmann from Athens. "But it is not ruled out that the atmosphere during the debate tonight is heating up."
ECB are another billion more emergency loans
16.09 Clock: The Council of the European Central Bank has decided to increase the Ela-emergency loans to a billion euros for the Greek commercial banks on Wednesday. This was told the "Frankfurter Allgemeine Zeitung" of central bank circles. The Athenians Fed can the ailing Greek commercial banks thus provide emergency loans of no more than 90.5 billion euros at its disposal.
Last week the ECB had the "Emergency Liquidity Assistance" increased to 89.5 billion euros. This increase was the first since the end of June, when the ECB had frozen the bailouts. The emergency aid made it possible for the Greek banks, for simple services to reopen on Monday. However, capital controls remain in place, as a weekly limit of 420 euros for withdrawals.
In the past seven months, the Greek banks have lost more than a quarter of their deposits, because frightened customers empty their accounts granted. Since the third aid package was promised to bring some customers their money back to the banks. Nevertheless, there are still net outflows, so the banks are dependent on Ela-emergency aid.
Even worse, that the banks have a big mountain of bad loans in their portfolios. The ratio of non-performing loans has increased over 40 percent. This compares with only inadequate provisions for possible losses and now too thin equity cushion. In agreed third rescue package of up to EUR 25 billion are reserved for recapitalization of banks
Video:. Schaeuble and Varoufakis were at one point surprisingly agree
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