Difficult propulsion of the European rescue mechanism
The Greek government said after talks with the EU, the European Central Bank and the International Monetary Fund Organization (IMF) "troika" delegation, to give up the extension of financial requirements and objectives of the reform. To obtain a scale of 4.2 billion euros in relief funds, the Greek government should aid agreement reached in early August with the "Troika". 6, Samaras, Greek Prime Minister on the 6th to the country's parliament submitted a new government policy agenda, highlights include speed up structural reforms.
At the same time, the assistance programs of the other recipient countries, Spain is still a lot of controversy. Finnish Finance Minister reiterated Finnish opposition to the EU to give up the preferred creditor status in aid Spain banking operations, mortgage-backed relief funds provided by Finland, Spain to give, at the same time oppose the euro area permanent relief fund - Europe stability mechanism (ESM) to interfere with the bond market.
Current euro area Shen Yuancheng Member States was followed one after another trend. Has the EU to apply for assistance at the same time, the euro zone 5 Shenyuan Guo Cyprus on the 6th to the Russian 5 billion euros of aid has applications. Another euro-zone member Slovenia also said that the assistance may not rule out the application.
Greece will fulfill the deficit reduction commitments
Samaras said: "any change to the salvage agreement will be made after negotiations with creditors, Greece will not unilaterally take measures" Greece will implement the deficit reduction commitments, and that the economy has to return to growth by one percentage point reduction in the deficit ? 1 billion. But the premise is to achieve financial goals, the worsening economic recession in Greece to be inhibited.
Samaras admitted, under the assistance agreement, the Greek fiscal austerity and structural reform "away from the goal, some stranded" did not reach some goals. In order to avoid breach of contract, out of the euro and other malignant results, the Greek government will accelerate the process of privatization and reform, promoting economic growth.
However, the Greek government against the public sector, large-scale layoffs and further down the pay and pensions. Samaras, the Greek government to advocate the abolition and consolidation of state institutions, rather than large-scale reduction of civil servants, in order to avoid the further deterioration of the unemployment situation of Greece.
Greece's new finance minister was sworn in on the 5th also said that the Greek government to abandon the aid conditions to seek to relax, "The bailout plan has been derailed before it back on track, we can not have any claim to the creditor, the Greek government will have to speed up the reform process. "
Assistance to the West "preferential" and difficult to pocket
Late June, the EU Xia Jifeng agreed to relax the repayment provisions of the Spanish banking industry assistance loans, said the rescue will not be a preferred creditor status ".
Finnish Finance Minister lainong said: "Although the euro against Finland is very important, but Finland will not be to stay in the euro area at all costs as the country with AAA ratings, Finland is by no means for the debt of other countries shared responsibility and risk intention. "
The foreign media generally interpreted as the tough position of him, Finland will be out of the euro threat to the EU to improve the conditions of the relief for highly indebted countries. According to Agence France-Presse reported, spokesman he the then clarified, "Finland may withdraw from the euro zone statement is false", "Finland is a member of the responsible, but not at any price to stay in the euro area, for all ready. "
According to Reuters, the Government of Finland submitted in a report to the Parliament, said: "attributed to the intervention of Finland, the Netherlands and other countries, the possibility of the ESM in the secondary market operations are blocked."
The Finnish government had publicly criticized the EU's second round of aid to Greece. According to foreign reports, the results of a poll in June showed that nearly half of the Finnish people are opposed to Finland's participation in the assistance to Greece; the end of May, a poll results show that 56% of Finnish people believe that Greece should not remain in the euro area .
Eastern European countries to follow suit application assistance
Large, not only Spain, the euro area economies are forced to apply for aid, the Eastern European countries are not being spared. Cyprus has asked Russia to provide a loan of 5 billion euros of Cyprus to Russia and the EU at the same time the loan application, the European Union, Russia is under consideration to this request, the Russian Finance Minister aluofu said.
Cyprus June 25 to the European Union to apply for assistance, the euro area member states of Greece, Ireland, Portugal and Spain after five to apply for assistance. The foreign media is expected that the demand for Cyprus to apply for assistance may be more than half of the country's GDP, about $ 6 billion to 10 billion euros.
Slovenian Finance Minister he also said that despite the existing capital of the country temporarily to control the risk of the banking system, no application for relief needs, but if the banking crisis worsens, or economic problems, it can not be ruled out in the country application for relief may be.
Slovenian Prime Minister Janez Jansa has said on June 27, if the Parliament failed to pass the limit of the laws of the expenditure, the country to the euro area in July to seek relief. If so, the euro area "help the club" will be expanded to 6 countries, nearly one-third of the 17 member countries in the euro area.
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