May 16, 2017

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Eurogroup And it is that the unfreezing of the bottoms, that cover the needs with financing of the country until September, has been possible after Greece has met the conditions that to him the EU imposed. In particular, the approval in the Greek parliament this week of the plan of adjustment for 28,000 million Euros agreed to with Brussels and the International Monetary Fund (the IMF). The package of measures approved it includes measures of saving and ascents of taxes, besides social cuts, and anticipates to collect about 50,000 million by means of privatizations. " The Greek authorities offered a firm commitment to adhere to the footpath of fiscal adjustments decided and to the agenda generating structural reforms of growth, that are component essential of our strategy to recover the fiscal sustainability and to safeguard the stability financiera" , it adds the official notice. The Eurogroup appeals in addition to all the Greek political parties to support " the primary targets and the political measures nail " of the program to assure an application " rigorous and rpida". They complete the second rescues the ministers of Finances of the zone Euro reviewed in addition the preparations for a second rescues destined to cover the needs with Greece until 2014. In this sense, they took note from the commitments expressed by banking organizations as far as his participation in the rescue, after the maintained informal negotiations in France and Germany with his respective banking sectors. " The modalities precise and the scale of the participation of the private sector and the additional financing of official sources will be determined in next semanas" , it has indicated Juncker. According to information spread by the athenian newspaper Ta Nea, the new rescue will be of 85,000 million Euros that will be added to 110,000 million granted in 2010. On the other hand, Greek prime minister, Yorgos Papandru, already had advanced that the number of the second rescues could suppose a payment " similar" to the first program of attendance of 110,000 million Euros. " We are speaking of an amount very, very grande" , it added Papandru. In the distribution of the second it rescues, 30% would come from the IMF (25,500 million) and the rest (59,500 million) of the zone Euro, from which 30,000 would come from the bank. Source of the news: The Eurogroup unblocks the fifth section from the first rescue to Greece, 12,000 million Euros
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