Greece is heading for a four-month extension of its aid program. The finance ministers of the euro countries voted on Tuesday in a conference call in principle. Athens especially promises success in the fight against tax evasion.
had the finance ministers of the euro countries on over 14 clock in a telephone conference on the reform proposals (here the list discussed in the original English text). Almost one and a half hours later, it was clear: The program is approved. Germany and the other donors agreed an extension of the aid program until the end of June basically how the announced the European Commission.
In the list Greece says action against tax evasion, as well as a modernization of the tax administration. Government spending should be checked in all areas and the efficiency of the central and local governments be improved. Incentives for early retirement will be deleted.
The fight against corruption will make him a “national priority” and combat smuggling of tobacco and petrol stronger the government.
In addition, Athens promises not to ask, completed sales of state enterprises in question. In ongoing disposals the government wants to comply with the applicable laws.
For further privatizations states, however, this would be reviewed with a view to the long-term benefits for the state. Minimum wages they want to increase, but first consult with institutions such as the International Labour Organisation. Measures against social crisis in the country should also be no “negative fiscal effects” financed.
The parties of the former Troika, ie European Commission, European Central Bank (ECB) and International Monetary Fund (IMF), reviewed the submitted proposals shortly before midnight after as a good starting point dpa information. A spokesman for the EU Commission said. “We are particularly encouraged by the strong commitment to the fight against tax evasion and corruption.”
Euro group boss Jeroen Dijsselbloem said before the Economic Committee of the European Parliament in Brussels on Greek government: “You mean it very seriously.”
If the consent of euro zone finance ministers enfgültig, in principle, agreed on Friday extension of the current aid program should be approved. This is necessary that the crisis country not soon slips into national bankruptcy and possibly even have to get out of the euro. So far, the heavily indebted Greece was saved with around 240 billion euros in aid loans from bankruptcy.
But even if the Euro finance ministers agree to Athens must continue reloading. Dijsselbloem recalled that the Greek government is still working out its reform proposals in detail and would present. This is needed again consent of the EU institutions and the IMF. This is likely to happen, “the end of April at the latest,” said the Dutchman.
Some Parliaments have to vote yet
When the green light of the Treasury, in some countries, however, still vote in Parliament provided on an extension of aid for Greece. In Germany, the Bundestag would have to deal with the issue, possibly on Friday.
Federal Finance Minister Wolfgang Schäuble (CDU), the Bundestag already requested an extension of the Greek aid program for four months (here you will find the application in the wording ). Also there are the characters on green. The Union faction in the Bundestag will vote on the assessment of its director Michael Grosse-Brömer (CDU), a large majority for the extension of the Greece financial assistance. “I have confidence that we get broad support,” said Big-Brömer in Berlin. “It’s all about the extension of an existing program. It’s all about money, which is already committed.”
Greece will need a third utility in the summer after the German Institute for Economic Research (DIW). “Greece has a large financing gap of 30 to 40 billion euros over the next three years,” the DIW President Marcel Fratzscher, according to a release said. The compromise to Greece’s reform proposals he described as “wise and purposeful”
Other voices from the Bundestag for Greek bailout read here
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