International Monetary Fund

The ministers of Finances of the zone Euro will analyze the 3 of July if Greece meets the conditions demanded to unblock the program. The IMF has requested guarantees before approving its part of the fifth section, that would ascend to 3,300 million Euros; the part of the EU would be of 8,700 million. The plan, approved in 2010, anticipates loans for three years of 110,000 million. The discord in the Eurozona before the Greek crisis gives back troubles to the markets. The Greek minister of Finances, Evengelos Venizelos, has recognized that its country must recover of form " urgente" the credibility between the rest of countries of the Euro to be able to receive new payments of the program of rescue of the European Union and the IMF. In fact, the International Monetary Fund has already requested guarantees of which the program totally is financed before approving its part of the fifth section, whereas the ministers of Finances of the zone Euro have decided to meet next the 3 of July to analyze if Greece meets the conditions demanded to unblock the plan. In Portugal and Ireland, according to Greece, there is " elevated degree of political consensus interno" on the execution of those programs; however, the Greek national unit " socios&quot has become a previous requirement for ours; of the unique currency. After two days of meetings with the other people in charge of Finances, Venizelos was urgent to that the Parliament of its country votes " for the end of junio" the fiscal strategy in the mid term and the law of application.

A new plan? The next section of the Greek program, fifth from its approval for a year, would totalize about 12,000 million Euros, of which 8,700 million will be contributed by the European Union and 3,300 million by the International Monetary Fund. Managing director in functions of the IMF, John Lipsky, stressed several occasions that the IMF not is negotiating new program with Greece, although eurozona is preparing a new plan that absorbs to the present one, approved in May of the past year. " We are discussing the present program and what is needed to put it by the good way. Griego&quot is no a request of the Government; , in that sense, assured. The present program anticipates loans of the EU and the IMF by 110,000 million Euros in three years, and new that studies the zone Euro still does not have concrete numbers, although deck that its volume would be " similar" to that already it is in march. Source of the news: Greece admits that &quot must recover his; credibilidad" before it continues his rescue

International Monetary Fund

Still it must be voted by the Parliament. For the public sector it contemplates lower pays, dismissals, more labor hours and elimination of the allowance increments. It raises the privatization of the assets of the State and to trim the social benefits, the pensions and, for the first time in thirty years, the cost in armament. Also more imposing for the independent ones and the goods of luxury. Two years in the financial abyss: the Greek crisis, step by step.

The Greek Cabinet approved east Wednesday the law project that contains the unpopular set of austerity measures and privatizations for 78,000 million Euros. The law project will have to arrive at the plenary session from the Parliament the next Monday or Tuesday and being submissive voting for its approval Thursday from the next week, according to indicated the Executive in an official notice. In the Cabinet Greek prime minister, Yorgos Papandru, presented/displayed to his ministers the law proposals that accompany the package by measures, and in the meeting Friday was decided that they are sent to the commission of Finances of the Parliament. The minister of Finances, Evangelos Venizelos, announced that east Thursday with js of the mission of the EU will meet, the IMF and of the European Central bank (BCE) in Athens. The final version of the project of law with the measures that will have to vote the Parliament heleno hopes that it is publicadaeste Thursday. Conditional aid the Eurogroup decided the concession to Athens the fifth section of international aid of 12,000 million Euros, but its delivery to the approval by the Greek Parliament of the law submitted that will allow to start up the new plan of adjustment before the 3 of July. After the vote of confidence of Tuesday at night, obtained alone by the majority of socialist deputies, Papandru and Venizelos, they are now prepared to fulfill the exigencies of the European Union, the European Central bank and the International Monetary Fund.