Overnight to Greece and its creditors have agreed on the outline of a third rescue package. Just a few detailed questions are still unclear, it said government sources. Athens needs the aid money urgently. The Greeks thriller Ticker.
- Greeks adopt austerity measures and reforms.
- Athens sought new assistance from the IMF.
- Greek stock market loses to reopen 23 percent.
Essential information: After several delays negotiate Greece and its international creditors back on new grants. The Troika is unloved since June 2014 for the first time in Athens. On August 20, Greece must transfer 3.4 billion euros at the ECB. Now Athens announces an agreement. The third aid package stand
European Commission:. Agreement with Athens on “technical level” achieved
13.16 Clock: The international donors and Greece achieved, according to the European Commission on “technical level” an agreement in principle. However, the negotiations on some details still persisted, and at the political level is still not perfect, the agreement, said a spokeswoman for the European Commission on Tuesday afternoon in Brussels. A few hours earlier, the government in Athens had announced an agreement on the third aid program with the exception of “one or two details”.
The threatened bankruptcy Greece negotiated since the end of July with the European Union, the European Central Bank ( ECB), the Euro-stabilization fund ESM and the International Monetary Fund (IMF) on the conditions of the third loan program. On August 20, Greece must repay to the ECB more than three billion euros
media report on long circulation list of donors
10.19 clock. The Greek Government must implement a long list of reforms and austerity measures into action in order to hope for further billions of aid may: The conservative Athens newspaper “Kathimerini” published on Tuesday morning a list of the specifications of the creditors. Accordingly, among other things, the tax increases for shipowners and tax breaks for farmers should be eliminated, for example, cheaper fuels. In addition, the reduced VAT rate for the Aegean islands is to be abolished at the latest by 2016, which is 30 percent lower than on the mainland.
In addition to a provisional introduced three years ago, real estate tax will continue to apply and the tax to be fought intensively. The tax investigation authorities should be strengthened by additional personnel from other agencies; Further, there should be no further rules that tax evaders are permitted to repay their debts in installments. The phasing out of all early retirement is part of the pad package, as well as a plan to recapitalize the ailing banks and to deal with bad loans. In addition, the creditors demand the full liberalization of the energy market and far-reaching privatizations.
Wanted Merkel prevent the Greece-Deal
10.08 Clock: The Greek journalist Nick Malkoutzis reported, citing government sources of a telephone conversation between Angela Merkel (CDU ) and Alexis Tsipras. The Chancellor had therefore Greek Prime Minister made clear their opposition to the budgetary constraints. Instead, they have opted for a new auxiliary credit
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Media: vote on new memorandum on Thursday
09.33 Clock: The new support program for Greece and the related austerity measures are to be presented to parliament in Athens before the weekend for approval. The crucial roll-call vote it should by all indications late Thursday come as Greek media, citing government sources on Tuesday unanimously reported. The memorandum with the austerity measures to be approved before the Euro Group will meet on Friday. On Tuesday morning, experts from the creditors and Athens had agreed to the new program, according to statements of the Greek finance minister Euclid Tsakalotos on television, there was only “one or two details” to clarify.
Athens agrees with donors on third rescue package
08.40 Clock: The Greek Government has, according to government sources with the International donors agreed on the conditions for a third utility. “An agreement has been reached,” the government official said on Tuesday the news agency AFP. However, a second official said, “secondary details” of the agreement on financial assistance of up to 86 billion euros would have to be clarified later in the day. On the night already an agreement (entry s 6.15 clock.) Was achieved with the budget guidelines for the coming years
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