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Athens Macedonian News Agency: News in English, 15-07-10

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Italian PM Renzi: Europe's huge issue does not end with an agreement for Greece
  • [02] Evaluation of Greek proposals to be completed on Friday night

  • [01] Italian PM Renzi: Europe's huge issue does not end with an agreement for Greece

    ANA/MPA---"Europe's huge issue does not end on Saturday or Sunday with an agreement for Greece but it will continue until we find the courage to say that a further discussion for growth and not for austerity is needed, for the values and not for the money" stated Italian Prime Minister Matteo Renzi after his meeting with Irish Prime Minister Enda Kenny on Friday.

    Moreover, Renzi noted that "European Commission's statements on flexibility and Juncker's plan are positive but do not yet reveal, the necessary courage.

    [02] Evaluation of Greek proposals to be completed on Friday night

    The institutions received the Greek government's letter with the proposals and the prior actions on time, stated a eurozone official refusing however give an estimations on the letter's context.

    According to the same official, the European Commission, the European Central Bank and the International Monetary Fund are examining the Greek proposals and will complete their evaluation on Friday night.

    The Euro Working Group will convene on Saturday at 11 and a Eurogroup meeting will follow at 16:00.

    He also reminded that the institutions will evaluate the Greek government's request for a new financial aid from the European Stability Mechanism (ESM) taking under consideration the eurozone's stability, the sustainability of the Greek debt and the real financial needs of the country in the next years. Moreover, the institutions will evaluate the Greek proposals with the list of prior actions.

    If a new support programme to Greece is decided at Saturday's Eurogroup then maybe there will be no need of an EU Summit on Sunday.

    Regarding the so-called 'bridge-financing' that will cover Greece's financial needs for the next month, the same official noted that in order this discussion to start, there must be an agreement for the long-term financing of the Greek economy. He also clarified that the ESM treaty does not foresee early disbursements.


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