Greece its creditors have agreed to a third rescue package. On Wednesday, the Bundestag will vote on it. The IMF calls for further debt relief for Athens. The Greeks thriller Ticker.
- Third rescue package on the way.
- Bundestag shall vote on Wednesday.
- IMF remains open whether he granted more loans.
The facts: The finance ministers of the euro group have paved the way for the third-Greece aid program on Friday evening. You accept in Brussels previously negotiated by expert conditions for planned loans of up to 86 billion euros. These include savings and reforms in Greece at different levels, such as the privatization of state assets. On Wednesday, the Bundestag votes on the aids. An agreement is considered safe. It will be exciting but how many votes Unions MPs against.
Until Thursday Greece needs to get fresh money to repay 3.2 billion euros to the European Central Bank (ECB) can , Should there still be unexpected obstacles until then, a further bridging loan must be found
Secretary admits. “We will have to talk about debt relief”
14:28 Clock: The Parliamentary State Secretary, Federal Ministry of Finance, Jens Spahn (CDU), goes after the unification of the euro zone finance ministers on the third Greek bailout package assumes that there will be discussions on debt relief for Greece
<. p> compared to the “Welt am Sonntag” he said. “We have succeeded on Friday to come to our senses to significant improvements in the privatization funds will come faster and becomes more concrete, the banks should get out of the State interference, and the IMF has remarkably clearly known to enter in the fall clear. It will be necessary for talking about debt relief, but it is a crucial step forward, that there is now a common understanding that it can be done without Haircut “
Finance. Schäuble praised Greek negotiations
11.13 Clock: Federal Finance Minister Wolfgang Schäuble (CDU) has praised the attitude of the Greek government in the negotiations with the Euro-finance. “After arduous negotiations really have been in Greece now understood that the land around real and radical reforms not be ignored,” Schaeuble told the “Bild am Sonntag”. “What have we achieved in Brussels on Friday, is responsible and comply with the appointments of the euro summit in July.” He also warned that the euro countries would be ensured that the reforms “are now being implemented point by point.”
Tsipras took US bankers with crises Summit
08.16.2015, 07.27 clock: Go to the official Greek delegation at the dramatic euro crisis summit on 12 and 13 July in Brussels was an American investment banker. At the meeting, which should open the way to a third aid package for Greece, Prime Minister Alexis Tsipras has even even briefly left the bankers the negotiations. This was reported by the “Welt am Sonntag”, citing participants circles.
The Banker is Glenn Kim, a longtime managing director (“Managing Director”) in 2008 broke previous US investment bank Lehman Brothers.
As the “Welt am Sonntag” further reported Kim was involved in the crisis summit in mind, to formulate a compromise on the proposed Greek Privatisation Fund. This fund had been proposed by German Finance Minister Wolfgang Schaeuble on 11 July. At the summit meeting of the Euro-leaders, which began a day later, the privatization fund was by far the most contentious issue. A counter-proposal by the Greek side presented in the summit night, reportedly comes after apparently from Kim.
In particular, German Chancellor Angela Merkel, but is said to have complained that the counter-proposal is complicated and incomprehensible formulated. Alexis Tsipras and his finance minister Euclid Tsakalotos have subsequently asked to be allowed to summon Kim. On the formulation of the compromise was then involved on the Greek side and Kim on creditor side, inter alia Merkel and Donald Tusk, President of the European Council. Kim and spokesman of Tsipras and Tsakalotos wanted to request not comment on the events
A German government spokesman said that it will give confidential consultations with the euro-partners “basically no information.”; a Glenn Kim was “the Chancellor not known by name”
splits the third bailout Syriza
17.55 clock.? In Greece, is the future of Tsipras’ Links government uncertain. In his party Syriza, the gap between supporters of the government and the left wing, who rejects the utility and the associated austerity measures deepened. The left wing wants media said not vote in case of a confidence vote in parliament for Prime Minister. “It stands out an open fracture in Syriza from”, the respected online newspaper reported tovima.gr.
Whether it however ever come to such a vote, was not determined on Saturday. If any parts of his party vote against this Tsipras, he faces a defeat because the opposition does not want to support him, unlike in the vote on the austerity measures required for the utility.
Green and FDP criticize the new utility
15.04 Clock: The Greens regard the new Greek aid program as insufficient. To run the euro country permanently out of the crisis, the Federal Finance Minister Wolfgang Schäuble had (CDU) to abandon his opposition to debt relief, called Green Party leader Simone Peter in Berlin on Saturday. “That can only be achieved through a restructuring and more investment in the sense of a Green New Deal.” The Green Party bosses Katrin Göring-Eckardt and Anton Hofreiter declared: “Without debt relief, the third aid package stands on shaky ground.”
The FDP chairman Christian Lindner warned the Bundestag before to approve the aid package. “So can not work the Greek bailout,” he told the newspaper “Tagesspiegel am Sonntag”. The Greek government must implement reforms that they refuse actually. Without these reforms are more emergency loans but “nothing more than a gift to Athens”.
IMF chief Lagarde insists on further debt relief for Athens
12.28 Clock: The International Monetary Fund (IMF) continues even after the agreement on the Greece aid package on substantial debt relief for Athens. IMF head Christine Lagarde said on Friday, the utility was “a very important step” forward. The debt burden is but “unsustainable” for Greece, it said in a written statement.
More debt relief were necessary . They also left open whether the IMF mitmache at the new utilities. Lagarde was switched on during the discussions in Greece and the euro-zone countries on Friday in Brussels via video link.
In its statement goes on to say that she expected that the Europeans “make decisive debt relief” for a first review of the program concrete commitments and , which went well above previous considerations.
The IMF will work together in the coming months with the Europeans and Greece to find solutions so that they can “further financial assistance to Greece” recommend the IMF leadership.
The IMF is well established on debt relief for Athens, as the country otherwise is unable to get out of the crisis. In an internal study, measures were up to the debt restructuring (“haircut”) into play.
Bundestag agrees on Wednesday on Greece rescue package from
15/08/2015, 10.38 Clock: The Bundestag agrees on Wednesday in a special session on the new aid package for Greece from. This was announced by a spokesman for the Parliament to request the German Press Agency in Berlin. Other national parliaments have to approve the new aid for the Euro-crisis country yet.
The euro zone finance ministers had paved the way for the third-Greece aid program on Friday evening. The representative of the euro countries was accepted in Brussels the previously negotiated by expert conditions for planned loans of up to 86 billion euros, including savings and reforms at different levels.
Schäuble relies on Greek reform will
08/14/2015, 23.20 Clock: “Now we are confident in the assumption that the new momentum in Greece means that the one now so powerful, as it has been agreed,” said Schäuble.
“We must nonetheless remain cautious, because of course there are large sums of money, which we make available,” Schäuble admitted and referred to the long term of the new loans. In ZDF he stressed that “after the experience of the past years very closely monitor step by step” implementation will. “That is why we also pay only train to train from.”
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