4:20 p.m.: a majority of Germans approve of the position of Merkel
More than one German in two, left and right, is satisfied by the line adopted by Chancellor Angela Merkel during Monday negotiations leading to an agreement on Greek debt, according to a poll published Tuesday. Some 31% consider for their part that Merkel should oblige Athens to a “Grexit”. When asked after the agreement reached in Brussels on Monday after marathon negotiations between Athens and its creditors, 55% say that the chancellor “has generally performed well,” according to a survey by the Forsa institute for weekly Stern
2:50 p.m.. to a cabinet reshuffle after the vote of Parliament
According to the Economy Minister, George Stathakis, Alexis Tsipras proceed ” likely “to a government reshuffle after the vote on Wednesday night on the reforms demanded by the Eurozone in exchange for an aid package to Greece. Asked whether a reshuffle was likely, the minister told Bloomberg TV: “Probably right after the vote tomorrow evening,” referring to the parliamentary vote which must focus on the new austerity measures
<. p> 14H: Hollande reveals the content of his conversations with Tsipras
During his traditional televised interview, the Head of State also revealed the substance of its discussions with Greek Prime Minister, especially after the referendum. “I told him, now you are stronger in your country, for sure with this referendum, but you’re lower in Europe Do you want to stay or not in the euro zone.?” He told François Holland. “If you want to stay, you must give evidence. France will support you but you must give evidence ‘,” he has said. “I gave him the formula: help me help you, help France to help Greece”, urged Francois Hollande. “And Greece has made gestures that were expected and France helped Greece”
1:40 p.m.. Towards a European economic government?
La France, “in line” with its German partner, will make “proposals” for the creation of a “European economic government”, Hollande said Tuesday, during the traditional interview on 14 July. “I propose that we can go further on economic government,” said President of the Republic. “There needs to be a European economic government” to stem the successive crises in the European Union, he added
13:30. For François Hollande, Greece No has not been “humiliated” by the agreement
Francois Hollande said Tuesday, during the traditional televised interview July 14 that Greece had not been “humiliated” by the agreement reached in Brussels on its debt. “I do not accept that a people can be humiliated,” said he stressed during his traditional July 14 interview. “The humiliation would have been to chase the eurozone,” he said, before adding: “Europe is for each nation to be stronger”
<. p> 1:05 p.m.: the contribution of MES estimated between 40 and 50 billion euros
The European Stability Mechanism contribution (MES) to a three-year aid program for Greece will be 40 to 50 billion euros, for estimated funding requirements of 82 to 86 billion during the period, said Tuesday a European senior official. Other contributions come from the International Monetary Fund (IMF), which still has 16 billion euros in a program expiring in March, while Greece, towards the end of the period of bailout, could itself raise funds on the market
24:15: six options for a “transitional” funding
Up to six options are envisaged for the transitional funding to Greece to meet its immediate needs funds, waiting for a possible third international aid plan, said Tuesday the Finnish Finance Minister Alexander Stubb. “There are one to six options,” Stubb said on arrival at a meeting with his EU counterparts in Brussels, without detailing the possibilities. “The problem” is that member states do not want “to put new money on the table without conditions” related to Greece, said the Finnish Minister
11:00. Modalities a “bridge loan” discussed Wednesday conferencing
The finance ministers of the euro area will hold a conference call Wednesday to discuss a bridge loan for Greece. Hans Jörg Schelling, Austrian Finance Minister, said that Eurogroup summit is not necessarily required to arrange such a credit. “If a reasonable proposal present, the finance ministers of the euro zone can certainly decide on a conference call, “said he said
10:30:. debt market remains” cautious “
Debt market movements avoided the too decided Tuesday morning as investors expected, without taking risks, the realization of the agreement reached yesterday between Greece and the euro area. The 10-year borrowing rate of the country, the main beneficiary before the announcement of the compromise went up slightly. Around 10:20, it was operating at 12.242% and 12.020% against the previous day at the close of the secondary market or the exchange previously issued debt. “Despite all the good news, risk appetite was modest on the market, no doubt because of the many obstacles that continue,” noted strategists bond Générale.
9:20: Eurogroup consider modalities of a “bridge loan”
Finance ministers from the area have asked experts to study the possibilities Relay loan for Greece, the time to develop a third bailout and think to vote for one of them Wednesday morning, said the president of the Eurogroup. “We have studied the issue of a bridge loan because there are urgent needs and the process of finalizing the agreement will take time,” said the president of the Eurogroup Jeroen Dijsselbloem
9:00: Greece honors the repayment obligations “samurai”
Greece , financially battered, managed to fulfill obligations to refund Tuesday called “Samurai” with private creditors in Japan, a symbolic gesture intended to avoid total distrust of markets. “The receipt of the sum of 20 billion yen ($ 148 million) was confirmed this morning,” he told AFP a spokesman for the Japanese mega bank Mizuho Financial Group, administrator of bonds. These debt securities were issued by the Greek state there are exactly 20 years in the Japanese currency, and sold to private investors
8:45:. German Press evokes a “diplomatic disaster “
If Berlin appears to have placed most of its requirements to the Greece , the voices are not lacking in Germany to describe this success “Catastrophic” diplomatic, which could dent the image the country has slowly rebuilt. “The fine line between saving and Punish Greece . Tonight, this line has disappeared,” regretted Mathias Müller von on Twitter Blumencron, the conservative Frankfurter Allgemeine Zeitung. For the Süddeutsche Zeitung, Bavarian newspaper center-left, “Merkel was able to revive the image of an ugly Germany, stingy and dry heart, which was just beginning to fade.”
7:30: Greek parliament will consider proposals demanded by Brussels
The parliamentary groups of the two parties of the coalition government, the radical leftwing Syriza Alexis Tsipras of the Prime Minister and the party sovereigntist Independent Greeks (ANEL), will discuss the draft law on the new austerity measures which Brussels requires validation by the Greek Parliament on Wednesday at the latest
7:20. Yanis Varoufakis was in favor a line “harder”
Former Greek Finance Minister Yanis Varoufakis revealed in an interview published Monday night, have been in favor of a hard line vis-à- the creditors after the forced closure of banks, regretting that he had not been followed by the rest of the government. Yanis Varoufakis had thought of implementing a “triptych” share “aggressive but without reaching the point of no return”: “issuing IOUs” (phonetically “I owe you”, “I owe you” euro IOUs) “or at least announce that we would issue our own Euro cash”; “Apply a haircut on Greek bonds” held by the ECB since 2012, to reduce all debt, “or announce that we were going to do,” and “take control of the Bank Greece “
7:00:. the closure of banks extended until Wednesday
The Greek government decided on Monday to extend again the closure of banks “until Wednesday” understood, said a brief statement from the Ministry of Finance. After a meeting between the Deputy Finance Minister Dimitris Mardas and directors of major Greek banks, and despite the agreement reached in Brussels, the government decided to maintain the capital controls and “closing the banks,” a measure imposed country since June 29, “until July 15″
Grèce Germany Hollande European Union Angela Merkel Eurogroup Alexis Tsipras European Commission Wolfgang Schäuble International Monetary Fund European Central Bank Jean-Claude Juncker Jeroen Dijsselbloem Yanis Varoufakis
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