After six hours of negotiations, the technical details of the plan aid to Greece are approved by Europe. With the aid of 86 billion euros, Athens escaped bankruptcy
Michel Sapin hopes that Greece will finally get out of the rut. “a third program which France wishes that it is the right, it is one that will enable Greece to return to growth, activity, perspective “.
Initially, Athens will be able to ensure the payment of some of its debts. The most urgent is that of 3.2 billion euros due to the European Central Bank, and which must be repaid before Thursday, August 20.
This is the third aid plan for Greece in 5 years. In May 2010, € 110 billion was paid by Europe and the IMF. In February 2012, it was 237 billion euros. For this last aid package, Greece has committed to a new series of reforms: more taxes on shipowners, generic drugs cheaper, the bailout of banks in the country and a new privatization program. The payment of € 86 billion will be in the dropper by 2018.
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