Send
Print
www.pexels.com
At the same time the Greek authorities on Tuesday sent a reform plan to creditors, where quite painful concessions for the country are appearing, writes The Wall Street Journal, citing informed sources.
According to the Greek Prime Minister Alexis Tsipras, the plan is a "realistic proposals for reform."
The market reacted to the news by growth of the euro by 1% as investors felt that they can talk about leaving the negotiations to the final stage.
According to Tsipras, Athens do not want and do not expect a counter plan from creditors. He did not specify what it is prepared to make concessions to Greece.
"We have presented a realistic plan for the withdrawal of Greece from the crisis - said Tsipras. - The adoption of a realistic plan of international institutions, our creditors and partners in Europe, marks the end of the script fragmentation of Europe."
According to sources, the lenders have come to a draft agreement on Greece.
Currently, work is proceeding on the final wording, and the document is expected to be submitted to the Greek government soon.
The press service of the European Commission noted that the parties exchanged "a lot of different proposals and documents."
"Right now it is impossible to comment on anything. I think that the main message is that we have not yet reached a final decision," - said the press secretary Mina Andreeva.
Eurozone countries and the IMF bring aligned their positions on Greece. Lenders have agreed on the need for large-scale economic changes. The sources said that the IMF has eased the requirement that Europe should take on commitments to reduce Greece's debt burden.
In June, Greece must pay almost 1.6 billion euros to the International Monetary Fund, and the total aid package with the support of the euro zone expire at the end of June.
June 5, Greece to pay the IMF only 310 million euros.
Subsequent payments are scheduled for June 12. (348 million euros), June 16 (581 million euros) and 19 June (348 million euros). The sums are approximate, they can still be changed a little in the size of the payments.
Greek investors are well aware that money the government need, can be found just in their pocket. Therefore, they prefer to act on their own and are very active.
In January, the volume of deposit withdrawals by Greek households and businesses has made a huge amount of 12.3 billion euros in February and March, the outflow of 7.5 billion euros and 1.9 billion euros respectively, according to the Bank of Greece.
Recent reports indicate that outflow increase of up to 5 billion euros occurred again in April.
In May, apparently, the situation was also very difficult. Daily outflows had then reached 200-300 million euros, and it is just a huge figure, writes Reuters referring to one of the Greek bankers.
The rumors that there may be restrictions on the movement of capital and deposits will fall under attack, began to be spread by the representatives of the conservative opposition. Government spokesman totally ruled out such a scenario.
Now the Greek banks are receiving assistance under the program of Emergency Liquidity Assistance (ELA) of the ECB. The amount of financing is 80.2 million euros, and now it has not been increased for the first time.
According to the Greek Prime Minister Alexis Tsipras, the plan is a "realistic proposals for reform."
The market reacted to the news by growth of the euro by 1% as investors felt that they can talk about leaving the negotiations to the final stage.
According to Tsipras, Athens do not want and do not expect a counter plan from creditors. He did not specify what it is prepared to make concessions to Greece.
"We have presented a realistic plan for the withdrawal of Greece from the crisis - said Tsipras. - The adoption of a realistic plan of international institutions, our creditors and partners in Europe, marks the end of the script fragmentation of Europe."
According to sources, the lenders have come to a draft agreement on Greece.
Currently, work is proceeding on the final wording, and the document is expected to be submitted to the Greek government soon.
The press service of the European Commission noted that the parties exchanged "a lot of different proposals and documents."
"Right now it is impossible to comment on anything. I think that the main message is that we have not yet reached a final decision," - said the press secretary Mina Andreeva.
Eurozone countries and the IMF bring aligned their positions on Greece. Lenders have agreed on the need for large-scale economic changes. The sources said that the IMF has eased the requirement that Europe should take on commitments to reduce Greece's debt burden.
In June, Greece must pay almost 1.6 billion euros to the International Monetary Fund, and the total aid package with the support of the euro zone expire at the end of June.
June 5, Greece to pay the IMF only 310 million euros.
Subsequent payments are scheduled for June 12. (348 million euros), June 16 (581 million euros) and 19 June (348 million euros). The sums are approximate, they can still be changed a little in the size of the payments.
Greek investors are well aware that money the government need, can be found just in their pocket. Therefore, they prefer to act on their own and are very active.
In January, the volume of deposit withdrawals by Greek households and businesses has made a huge amount of 12.3 billion euros in February and March, the outflow of 7.5 billion euros and 1.9 billion euros respectively, according to the Bank of Greece.
Recent reports indicate that outflow increase of up to 5 billion euros occurred again in April.
In May, apparently, the situation was also very difficult. Daily outflows had then reached 200-300 million euros, and it is just a huge figure, writes Reuters referring to one of the Greek bankers.
The rumors that there may be restrictions on the movement of capital and deposits will fall under attack, began to be spread by the representatives of the conservative opposition. Government spokesman totally ruled out such a scenario.
Now the Greek banks are receiving assistance under the program of Emergency Liquidity Assistance (ELA) of the ECB. The amount of financing is 80.2 million euros, and now it has not been increased for the first time.
