Brussels says no to "Grexit" to open discussions to third rescue
The Greece will remain in the Eurogroup. Eurozone leaders have reached an agreement, after more than 4:0 pm of discussions, which paves the way for a third rescue for Athens from 86 billion euros over the next three years. The agreement was announced this morning, at the time of the opening of European markets, the Presidents of the European Council, the European Commission and the Eurogroup."You must still satisfy certain conditions with the adoption of the agreement by several national parliaments, including the Greek Parliament, for talks on the rescue program can begin formally. But despite all this, the decision allows Greece to return to normal with the support of its European partners, "said Donald Tusk. The President of the Commission, Jean-Claude Juncker underlined that, "since the beginning of what was regarded as the ' Greek ' case that the Commission insisted on the need to avoid an exit of Greece from the euro zone. And there won't be a Grexit ". The new aid programme will be discussed after Alexis Tsipras have accepted the creation of a guarantee fund of 50 billion euros for recapitalisation of banks and debt repayment. The Greek assets Fund, which will not be transferred to the Luxembourg, includes 12 billion that could be used by Athens to finance the Government's policy, as reminded the President of the Eurogroup.It is now up to Parliament to approve a list of six reforms until Wednesday that includes controversial measures such as the increase in VAT or postponing the age of entry into retirement.The Finance Ministers of the Eurogroup meet again this afternoon at 3:0 pm, to discuss a temporary loan urgently for Athens to prevent the country between however in bankruptcy.
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