According to Germany's "Le Monde" reported on the 4th, the European Central Bank has decided to provide security for the Greek central bank loans, the move will ensure that in Greece a loan by the international donors to maintain fiscal sustainability, to avoid the event of default of the country . In addition, donors and the Greek Government mainly focus on the latter launched the first round of negotiations of 11.5 billion euros of fiscal austerity program is nearing completion, specific programs will be introduced in September.
 
At the same time, Spain's debt crisis has not shown signs of improvement. Spanish Prime Minister Rajoy said that Spain has not yet made a decision whether to seek the assistance of the European financial stability tools (EFSF), the country being studied may be taken by the European Central Bank interventions. Some agencies believe that Spain eventually escape the application for a comprehensive rescue fate.
ECB behind Greece
 
"Le Monde" reported that the ECB monetary policy meeting on the 2nd, made the decision to guarantee loans for the Bank of Greece. This will enable the Greek financial viability to September. "Troika" delegation will be composed by the European Commission, European Central Bank and the International Monetary Fund (IMF) in September to decide whether payment to Greece Next scale of 31.5 billion euros of aid loans, the loan is the latest part of the wheel 130 billion euros Greek aid scheme.
According to Greece, "Athens News" reported last week, all political parties of the coalition government of Greece to ? 11.5 billion fiscal austerity program to reach agreement, declaring that the country is coming to an end with the "troika" of the first round of negotiations. Subsequently, the parties will further clarify the specific details of the austerity program, It is reported that the discussion will focus on the Greek public sector layoffs. "Troika" will continue to stay in Greece, the assessment report for the assistance to the Greek economy and the country to fulfill the terms of the agreement and will be published in September.
 
Spain full application assistance pressure rise
 
Announced at a news conference after the European Central Bank Governor Mario Draghi at the end of the 2nd ECB monetary policy meeting in August, the bank in a few weeks to restart bond purchases to drive down the euro-zone high debt financing costs, but did not disclose the specific program details. But he stressed that the euro area member states can not expect the ECB to bear a heavy responsibility to respond to Europe's debt crisis, the European financial stability tools (EFSF) should help the strict implementation of fiscal austerity and structural reform measures.
 
Rajoy said that Spain is studying the attitude of the ECB. He said: "What I want to know, the ECB may take measures? Mean? As well as in the current environment is appropriate? After that we will make a decision, but as of now, the Spanish government has not yet made any decision . "



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