Friday, September 15, 2017

Greek debt crisis German MPs support the extension of life BBC News

Популярні відео - Боргова криза в Греції і Новини



Greek debt crisis German MPs support the bailout extension.
Media Legend Damien McGuinness reports from Berlin Athens and Berlin compromise.
The German parliament voted to extend financial aid to Greece by four months.
The extension - approved by creditors last week in exchange for a series of reforms of the Greek government - must be ratified by the members of the eurozone.
Some members expressed doubts about the case and the significant public skepticism, but the vote passed easily.
It comes after police and protesters clashed during anti-government protests in Athens on Thursday.



They were the first of these disorders from Greece SYRIZA leftist sworn in as the main government party there exactly one month, promising to renegotiate the debt and austerity end of the country.
Dozens of activists threw petrol bombs and stones at police and set cars alight after March 1 involving hundreds of protesters Some banners calling for Greece to leave the EU and its debt to be canceled.
Legend Media and protesters clashed with police in Athens on Thursday night.
Finance ministers of the euro zone on Tuesday approved a set of reform proposals presented by Greece.
As the dominant economic power in the EU, approval of Germany was considered crucial - and Friday the overwhelming majority of deputies gave him a total of 542 voted for the proposals, with 32 votes against and 13 abstentions .



However, the vote was preceded by a fierce debate, with jeering and whistling, reports the Berlin correspondent Damien McGuinness BBC - which reflects the unpopularity of the extension of life between the two third of the German electorate.
German Finance Minister Wolfgang Schaeuble spoke in favor of the agreement, to tell Parliament We Germans should do everything possible to keep Europe together as much as possible.
We are not talking more billions for Greece rather to provide or grant additional time to end successfully this program, he insisted.
Image copyright AFP Image Caption German Finance Minister Wolfgang Schaeuble urged German lawmakers to approve the extension of Greek bailout despite widespread skepticism in Germany.



There was a chorus of skepticism about the case within Germany - with the Thursday edition of the biggest tabloid Bild, emblazoned with the word No, not adding more billions for avid Greeks.
Hawkish elements within the CDU Christian Democratic Union and its Bavarian sister party to Merkel's Christian Social Union CSU portrayed the clemency extension agreement for Greece.
M. Schäuble himself expressed doubts on the commitment to reform of the Greek government.
But German lawmakers felt they had no choice but to pass the vote, as a break in the euro zone could be even more expensive than the bailouts and undermine the credibility of the euro, according our correspondent.


In Greece, the extension of the proposed rescue plan also triggered dissent within the ruling party.
Prime Minister Alexis Tsipras defended, but some hard left SYRIZA accused to return to pre-election promises.
Although the extension of the bailout goes through Greece still faces the daunting task of trying to fix its debt obligations.
It will expand its retail reform program by April and prove that reforms are bedding before receiving a final payment 7 EUR 2 billion.



But in the meantime, Greece has to pay several billion euros of debt maturing, of which about 2 billion euros to the IMF in March and 6 7bn in bonds of the European Central Bank maturing in July and August .
Agree not back already implemented privatization, but privatization of not implemented test.
Introduce collective bargaining, stopped short of raising the minimum wage immediately.
Faced with the humanitarian crisis of Greece with housing and guarantees free medical care to the uninsured unemployed, with no overall increase in public spending.



Reforming public sector wages to avoid further cuts in wages without increasing payroll.
Realize retirement savings by consolidating the funds and eliminating incentives for early retirement - not cutting the payments.
Reducing the number of ministries from 16 to 10, cutting of special advisers and benefits for civil servants.








Greek debt crisis German MPs support the extension of life BBC News, Greek debt crisis.