In Athens must prevail first legislative packages as a condition of the Euro Partners for a third rescue package Prime Minister Alexis Tsipras. That will not be easy: resistance is forming in our own ranks. Must now all go, Tsipras refuse allegiance?
After the agreement with the leaders of the euro zone, the Greek Prime Minister Alexis Tsipras met with growing opposition in his own country. The union of government employees called in protest to a nationwide strike. Tsipras has also expect sharp headwind in the government camp because Tsipras with the new reform package must overturn many election promises.
Many members of the left wing already announced to vote against further austerity measures. Early Monday morning, the euro-zone countries leaders had agreed in Brussels to hard, 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.
Tsipras builds his cabinet new
In order to negotiate the bailout may even start, the Greek parliament must already by Wednesday adopt a first legislative package. Target include higher VAT receipts and the introduction of a pension reform. On Saturday during the vote on his austerity and reform proposals Tsipras had but lost the majority in their own ranks, but he had to be based on the consent of the opposition.
On Monday evening of the left wing attributed to Deputy Foreign Minister Nikos Chountis drew the consequences and resigned. He also admitted his parliamentary seat, as the Greek television reported. Since more ministers Tsipras refused allegiance, the Prime Minister is planning a reshuffle according to media reports.
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go These department heads are
Among the department heads, the 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.
He had fought hard in the negotiations with the partners abroad, Tsipras said in Brussels. He will now fight as hard at home, so that the summit decisions would be implemented. “Greece needs deep reforms.” By the Brussels compromise Tsipras could initially avert a government default and an imminent withdrawal of Greece from the euro. But until the solution is still a long way. Only when Athens has fulfilled all conditions, want to join the negotiations, the Euro Partners.
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bailout package earlier in a few weeks
The aid package can be noisy Euro group chief Jeroen Dijsselbloem then the earliest are in a few weeks: “It is likely that the last four weeks rather than two weeks.”
Meanwhile, Greece’s growing arrears with the International Monetary Fund. As IMF spokesman Gerry Rice announced in Washington, met on Monday a due installment of EUR 456 million a not. The IMF Executive Board had been informed.
Already on June 30, Greece had not paid a forthcoming IMF rate of nearly 1.6 billion euros. 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 will consider in the “coming weeks” on a Greek request to extend the deadline for repayment of the June rate.
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Bundestag decides on Friday
In Germany, the approval of the Bundestag for the opening of negotiations is necessary. Parliament will vote this Friday in a special session about – unless Athens has so far met all the conditions. Despite massive concern in the Union, the tips of the grand coalition expected by a large majority. Chancellor Angela Merkel (CDU) advised with “conviction” a yes.
The euro zone finance ministers on Monday discussed about ways for the transition to a bridge loan of around twelve billion euros to help Greece. Thus Athens could meet its immediate financial needs and open up its banks again. On Tuesday, the Financial Secretaries of the 19 euro countries will continue discussions about this in Brussels. With rapid results are not expected.
At least until Wednesday, the banks in Greece remain closed. 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.
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