These are the 11 points of Panegyricus non paper agreement by Maximus
The agreement on budget provides mild adjustment, not at all suffocating, leaving space in the development, noted government sources, reported on the key points of the agreement, noting, inter alia, that with this there will be no new financial burden, namely new measures against next time.
In addition, the Agreement provides not only the debt refinancing until the first half of 2018, and enough money to repay arrears of the government to be "fresh" money market. The same sources indicate that the recapitalization of banks by the end of 2015 and direct support with at least 10 billion. Euro, there is no longer any risk whatsoever "haircut" of deposits.
Still, the government did not accept to be sold 'red loans "to companies, while legislation has protected the first residence of the auctions by the end of 2015 heralds that in autumn there will be government initiatives to settle permanently, as it It can be done in a "market" of about 95 billion. euros as there are "red loans'. For this reason there will be a consultation group with the institutions.
They also point out that the agreement still provides development package 35 billion. EUR ('Juncker package'). Furthermore, the agreement, as reported by government sources, provides for the privatization fund, through which the public property goes up for sale, as in HRADF but exploited.
Specifically, the government sources said:
1. The Agreement on budget provides mild adjustment, not at all stifling leaving room for growth. Provides: -0.25% primary deficit in 2015 and surpluses of + 0.50% in 2016, + 1.75% in 2017 and + 3.5% in 2018.
Recall that the agreement signed by the government Samaras / Venizelos foresaw primary surpluses of 3% for 2015, 4.5% for 2016 and 2017 and 4.2% in 2018! Surpluses that leaves no room for development.
With this Agreement, the obligations of Greece surpluses in 3 years is reduced by 11% of GDP, avoid measures around EUR 20 billion.
This means that with this agreement there will be no new financial burden-that new measures; in the coming period.
2. The Agreement shall be governed by the International and European Law rather than the English, as agreed by the Government Democracy and PASOK, and does not provide for repeal of state immunity, as provided for in the previous agreements.
3. The Agreement provides not only the debt refinancing until the first half of 2018, and enough money to repay arrears of the public to be "fresh" money market. Move that will revitalize the commercial world.
4. Banks anakefalopoiithoun by the end of 2015 and immediately strengthened to at least 10 bn. Euros. So there is now, no risk of "haircut" of deposits, as required by EU directive on recapitalization banks after 01.01.2016.
5. The government refused to sell the "red loans" to companies, while legislation has protected the first residence of the auctions by the end of 2015. In the autumn there will be government initiatives to settle permanently, as this may become a "market" about 95 billion. euros as there are "red loans'. For this reason there will be a consultation group with the institutions.
6. The ITSO remains a public good, while there was no reference to "small PPC". There is, of course, commitment to liberalization of the gas market, but which is, anyway, the obligation to adapt to European directives.
7. Recall that the agreement still provides development package 35 billion. Euro, known as 'Juncker package'!
8. In consultation table entered labor. Following a government proposal, the negotiation was decided that the consultations with the institutions to promote legal regulation, to start the next time. Note however that the consultations will take place in collaboration with the International Labour Office - ILO and with experts of international repute, which ensures that in Greece there is no exception to that in force in Western Europe.
9. Citizens will continue not to pay 5 euros for examinations in hospital outpatient clinics.
10. The measures provided for in this Agreement are the same -with several improvements ostoso- foreseen in the government agreement ND / PASOK is what did not materialize. In that agreement, the government was obliged to implement these measures in order to complete the fifth assessment and ensure funding 4bn.
The same measures approximately reverted to the proposal submitted by the institutions in the Eurogroup meeting of 25 June, accompanied by five months extension of the program and funding of € 7 billion.
Today, with the same measures, but with significant improvements, after negotiation, the country responsible for payment of debt obligations and arrears of government for the next three years, with funding of around 85 billion
11. The Agreement provides for the privatization fund through which the public property goes up for sale, as in HRADF but exploited.
The agreement on budget provides mild adjustment, not at all suffocating, leaving space in the development, noted government sources, reported on the key points of the agreement, noting, inter alia, that with this there will be no new financial burden, namely new measures against next time.
In addition, the Agreement provides not only the debt refinancing until the first half of 2018, and enough money to repay arrears of the government to be "fresh" money market. The same sources indicate that the recapitalization of banks by the end of 2015 and direct support with at least 10 billion. Euro, there is no longer any risk whatsoever "haircut" of deposits.
Still, the government did not accept to be sold 'red loans "to companies, while legislation has protected the first residence of the auctions by the end of 2015 heralds that in autumn there will be government initiatives to settle permanently, as it It can be done in a "market" of about 95 billion. euros as there are "red loans'. For this reason there will be a consultation group with the institutions.
They also point out that the agreement still provides development package 35 billion. EUR ('Juncker package'). Furthermore, the agreement, as reported by government sources, provides for the privatization fund, through which the public property goes up for sale, as in HRADF but exploited.
Specifically, the government sources said:
1. The Agreement on budget provides mild adjustment, not at all stifling leaving room for growth. Provides: -0.25% primary deficit in 2015 and surpluses of + 0.50% in 2016, + 1.75% in 2017 and + 3.5% in 2018.
Recall that the agreement signed by the government Samaras / Venizelos foresaw primary surpluses of 3% for 2015, 4.5% for 2016 and 2017 and 4.2% in 2018! Surpluses that leaves no room for development.
With this Agreement, the obligations of Greece surpluses in 3 years is reduced by 11% of GDP, avoid measures around EUR 20 billion.
This means that with this agreement there will be no new financial burden-that new measures; in the coming period.
2. The Agreement shall be governed by the International and European Law rather than the English, as agreed by the Government Democracy and PASOK, and does not provide for repeal of state immunity, as provided for in the previous agreements.
3. The Agreement provides not only the debt refinancing until the first half of 2018, and enough money to repay arrears of the public to be "fresh" money market. Move that will revitalize the commercial world.
4. Banks anakefalopoiithoun by the end of 2015 and immediately strengthened to at least 10 bn. Euros. So there is now, no risk of "haircut" of deposits, as required by EU directive on recapitalization banks after 01.01.2016.
5. The government refused to sell the "red loans" to companies, while legislation has protected the first residence of the auctions by the end of 2015. In the autumn there will be government initiatives to settle permanently, as this may become a "market" about 95 billion. euros as there are "red loans'. For this reason there will be a consultation group with the institutions.
6. The ITSO remains a public good, while there was no reference to "small PPC". There is, of course, commitment to liberalization of the gas market, but which is, anyway, the obligation to adapt to European directives.
7. Recall that the agreement still provides development package 35 billion. Euro, known as 'Juncker package'!
8. In consultation table entered labor. Following a government proposal, the negotiation was decided that the consultations with the institutions to promote legal regulation, to start the next time. Note however that the consultations will take place in collaboration with the International Labour Office - ILO and with experts of international repute, which ensures that in Greece there is no exception to that in force in Western Europe.
9. Citizens will continue not to pay 5 euros for examinations in hospital outpatient clinics.
10. The measures provided for in this Agreement are the same -with several improvements ostoso- foreseen in the government agreement ND / PASOK is what did not materialize. In that agreement, the government was obliged to implement these measures in order to complete the fifth assessment and ensure funding 4bn.
The same measures approximately reverted to the proposal submitted by the institutions in the Eurogroup meeting of 25 June, accompanied by five months extension of the program and funding of € 7 billion.
Today, with the same measures, but with significant improvements, after negotiation, the country responsible for payment of debt obligations and arrears of government for the next three years, with funding of around 85 billion
11. The Agreement provides for the privatization fund through which the public property goes up for sale, as in HRADF but exploited.
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