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Increased likelihood of the adoption of a third rescue package for Greece
3/5/15
Brussels: increased likelihood of the adoption of a third bailout for Greece in the past few days plan, despite the fact that the Europeans insist on the priority of reaching an agreement with Athens to end the current program and the release of seven billion euros the country needs Bashdh.obaltakid the idea of the adoption of the third plan is not new. Athens since 2010 has benefited from the two programs with a total value of 240 billion euros, but it seems impossible that the country can return to finance itself in the market within a few Achehr.ourgem Greece favors the adoption credit line attached to a more lenient terms, the idea of the adoption of a third plan been traded in the past few days and the amounts that are being talked about increasingly.
As he was being talked last year about the amount of ten billion euros, the newspaper (Renica Post German) touched on last week to the amount of 20 billion euros based on sources in Prlin.oyom last Monday confirmed Spain's Finance Minister, Luis de Gindos, the estimates are ongoing about the program potential, and estimated the value of these Awsath assistance, including between 30 and 50 billion Ioro.kma Vladis Dombrovskis spoke, European Commission Vice President in charge of the affairs of the euro, for the third save in an interview with news agency Bloomberg plan. He said «Greece may need a new arrangement after the end of the deadline this program» considering that the probability of sufficiency credit line is today «less likely» because «financial instability.»
Results of European finance ministers meeting was reported in the February 20 commitment Athens Greece's European partners the support to be fully back to Alosoaq.lkn in Brussels, where the European Commission headquarters, there are reservations about the overrun phases. Simon Boitel, a spokeswoman for the President of the Eurogroup Aoren Dislblom, yesterday said that the euro zone finance ministers, who will meet next Monday «not looking to plan a third Help». As I tried a spokeswoman for the European Commission, Annika Bridthart, dispel this idea and said «any research on the order of regarding the subsequent stage premature »memorandum that the priority is to end the currently approved program, which extended to four months. And wait for the partner institutions to Greece in April / May before you pay about 7 billion euros currently owed to the country as part of the current program, in order to be able to judge the progress of reforms promised by the government of Alexis Tsipras.
But on Greece to find a solution to pay about 1.5 billion euros owed to the International Monetary Fund in March, as well as 6.7 billion euros owed to the European Central Bank this Alsif.oukal Olivier Garnier, chief economist at «Societe Generale» that «the debate became addresses far more a matter of needs liquidity in the very short term in 2015 ». He said analyst said the issue« neglected somewhat Party SYRIZA »leftist, headed by Alexis Tsipras, because he« have thought he was in a position of strength and because the prospects of a Greek exit from the euro zone were feared ». The «But Syriza realized that the specter out of the euro zone will lead to capital outflows and reinforces the need for liquidity.»
And heading Greece towards the goal of a budget deficit of up to 1.5% for the coming years instead of 3% was anticipated in 2015 and 4.5% in 2016 and 2017.ouad Greek Finance Minister Yannis Varogakis last Tuesday that he will submit next week to his counterparts reform proposals in order to quickly release waiting for assistance. Dislblom pointed to a possible down payment as of March in the case of «progress» wait. In Greece received good news last Tuesday, which is that the European Bank for Reconstruction and Development has promised to invest a large sum in the country by 2020 to help the resumption of growth.
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