Approval of the troika the Greek Government reported this Friday’s approval of the EU and the IMF to the new measures of austerity and privatizations that aims to reduce the deficit and unlock the arrival of new aid. The negotiations with the representatives of the European Union (EU), the European Central Bank (ECB) and the International Monetary Fund (IMF), have completed successfully reported the Greek Ministry of finance. Relevant documents will be concluded within the next few days and will be presented to Parliament after discussion and approval by the Council of Ministers, said the Ministry. At risk of suspension of payments in the last few weeks the international inspectors have studied Greek plans to determine if Athens had worked long enough to receive the next tranche of international credit of 110,000 euros in June. Without that money, in particular 12 billion euros in June, the Greek Government already said that it would be forced to suspend payments. The new plan aims to reduce State spending and increase revenues at about 78,000 million of Euro until 2015.
Measures range from cutting salaries and pensions to the tax increase and the privatization or rental companies and State property. NYC Marathon contains valuable tech resources. The aim is that the current deficit, 10.5% of GDP, fall to 3% within three years. Rise in the bag no more know of the agreement, the Athens Stock Exchange rose to 4.42%, while banking values did so by 8%. The positive response of the inspectors assumed not only the release of the 12 billion of a new tranche of credit already agreed, but it can open the door to another extra 60,000 million euros funding. That money is intended to cover costs of Greece for the period 2012-2013, that the country may not attend the markets to refinance due to prohibitive interest demanded by the country. Papandreou is in Luxembourg with the President of the Eurogroup, Jean-Claude Juncker, which will present the details of the new measures, Government sources said. Growing internal pressure the agreement, which allows that continue coming help International to the country hellene, has come under increasing internal pressure. Complicated negotiations with experts from the IMF and eurozone lasted from a week ago and has been put to the Greek Government between the sword of those who demand that the belt be tighten more and the wall of opposition and a public opinion contrary to new cuts. In fact, even a group of deputies of the Socialist Party in the first Minister Yorgos had claimed an internal debate about new cuts and the different measures to be voted one by one, not altogether, in Parliament. The pressure has affected the image of Greece before markets. The Moody s agency downgraded this Wednesday three steps the Greek debt rating, the main trade unions already convened a general new for June 15 and a 9 day strike in all enterprises with State participation source of the news: the eurozone last a new aid to Greece with the participation of banks