14/07/2015 12:28
The deliberations in the political scene in Athens have been intensified after the agreement of the Greek authorities with the institutions and ahead of tomorrow's vote of the measures by the Greek Parliament.
Prime Minister Alexis Tsipras is battling on many fronts as the rescue of Greece will depend on the developments in the next few days.
The political secretariat in Syriza is on a meeting since early in the morning and probably later the parliamentary group will meet amid controversy and criticism from first-class members of the ruling party on the content of the agreement.
Alexis Tsipras has until Wednesday to convince the members of his party that he is not a traitor while indications so far show that investors in the European markets are expecting to see how things in Athens will develop.
As leaked, the left platform of Syriza strongly criticizes the prime minister on the agreement and asked him to get rid of it.
Minister of productive reconstruction Panagiotis Lafazanis called Alexis Tsipras to take back the agreement even at the last minute before the final decisions are taken in parliament.
The bills with the prerequisites will be tabled to the competent committees of the Greek parliament shortly and then they will be discussed by the plenary.
A short while ago, the President of ANEL Panos Kammenos said after the meeting of his parliamentary group that his party will support Alexis Tsipras and the government.
“We will vote what we agreed in the Council of political leaders”, he stressed.
Meanwhile, former Finance Minister Yianis Varoufakis said in an interview that Tsipras signed a new treaty of Versailles and compared the conditions with the 1967 coup.
Reuters citing sources close to the eurozone summit said Alexis Tsipras was "close to walking out".
“If I agree to such an escrow, I may as well not go back,” a second source who was present at the summit quoted Tsipras as telling fellow leaders after Merkel demanded that he places 50 billion euros of state assets in Luxembourg, out of reach of his government. Cash generated would then pay off Athens' creditors.
The prime minister told other leaders that if he accepted one final bailout condition, fellow Greeks would brand him a sell-out and he "may as well not go home".
Apart from the interior, Alexis Tsipras is expected to face the reluctance of other countries to contribute to a new bailout for Greece.
Today the British finance minister George Osborne ruled out any financial involvement in a new rescue of Greece after suggestions for a bridge funding mechanism from across the European Union.
At the same time, according to the Washington Post, the ambassador of Germany in the US stated that the Greeks were not forced to accept anything and it is all a matter of choice.
After the euphoria in the markets as a result of the agreement achieved, it seems that it has been recognised that this is not the end of the road.
The European markets are down today, after yesterday’s gains.
FTSE 100 in London loses 0.07%, CAC 40 in Paris drops 0.22% and DAX in Frankfurt is down 0.39%.
The euro is gaining 0.27% against the dollar as it moves to $ 1.1031 while it is at £0,7132 sterling with an increase of 0.38%.
The CSE general index falls 0.37% to 77.80 points while FTSE 20 is at 44.70 points and at 0.38%.
The yield of the 10-year Cypriot bond today stands at 3.35% from 3.36% yesterday.
The yield of the 10-year Greek bond is at 12% from 11.76% yesterday.
Prime Minister Alexis Tsipras is battling on many fronts as the rescue of Greece will depend on the developments in the next few days.
The political secretariat in Syriza is on a meeting since early in the morning and probably later the parliamentary group will meet amid controversy and criticism from first-class members of the ruling party on the content of the agreement.
Alexis Tsipras has until Wednesday to convince the members of his party that he is not a traitor while indications so far show that investors in the European markets are expecting to see how things in Athens will develop.
As leaked, the left platform of Syriza strongly criticizes the prime minister on the agreement and asked him to get rid of it.
Minister of productive reconstruction Panagiotis Lafazanis called Alexis Tsipras to take back the agreement even at the last minute before the final decisions are taken in parliament.
The bills with the prerequisites will be tabled to the competent committees of the Greek parliament shortly and then they will be discussed by the plenary.
A short while ago, the President of ANEL Panos Kammenos said after the meeting of his parliamentary group that his party will support Alexis Tsipras and the government.
“We will vote what we agreed in the Council of political leaders”, he stressed.
Meanwhile, former Finance Minister Yianis Varoufakis said in an interview that Tsipras signed a new treaty of Versailles and compared the conditions with the 1967 coup.
Reuters citing sources close to the eurozone summit said Alexis Tsipras was "close to walking out".
“If I agree to such an escrow, I may as well not go back,” a second source who was present at the summit quoted Tsipras as telling fellow leaders after Merkel demanded that he places 50 billion euros of state assets in Luxembourg, out of reach of his government. Cash generated would then pay off Athens' creditors.
The prime minister told other leaders that if he accepted one final bailout condition, fellow Greeks would brand him a sell-out and he "may as well not go home".
Apart from the interior, Alexis Tsipras is expected to face the reluctance of other countries to contribute to a new bailout for Greece.
Today the British finance minister George Osborne ruled out any financial involvement in a new rescue of Greece after suggestions for a bridge funding mechanism from across the European Union.
At the same time, according to the Washington Post, the ambassador of Germany in the US stated that the Greeks were not forced to accept anything and it is all a matter of choice.
After the euphoria in the markets as a result of the agreement achieved, it seems that it has been recognised that this is not the end of the road.
The European markets are down today, after yesterday’s gains.
FTSE 100 in London loses 0.07%, CAC 40 in Paris drops 0.22% and DAX in Frankfurt is down 0.39%.
The euro is gaining 0.27% against the dollar as it moves to $ 1.1031 while it is at £0,7132 sterling with an increase of 0.38%.
The CSE general index falls 0.37% to 77.80 points while FTSE 20 is at 44.70 points and at 0.38%.
The yield of the 10-year Cypriot bond today stands at 3.35% from 3.36% yesterday.
The yield of the 10-year Greek bond is at 12% from 11.76% yesterday.
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