This makes the euro group, consisting of nineteen finance ministers in the euro area, Tuesday announced after a telephone consultation.
The European Commission, the European Central Bank and the International Monetary Fund, formerly known as Troika, emergency support would extend only if there thorough reforms and spending cuts in return. These institutions have also given their approval.
The euro countries are the biggest lenders to Greece, Netherlands lent the country so far 11.9 billion.
Lower House
After this agreement, the national parliaments should give their consent, which shall in any case for the Netherlands and Germany. When the House is debating this subject, it is not yet known.
Finance Minister and Eurogroup chairman Jeroen Dijsselbloem is satisfied with the arrangements made. ” It’s enough for serious negotiations to finalize it within four months, ” said the minister against television RTL Z .
IMF boss Christine Lagarde wrote in a Dijsselbloem letter to the Greek Government has issued too few guarantees. The plans of the Greeks it constituted an good starting point.
End
The current support program runs off the end of this month, with no new aid Greece can not pay its bills. The pressure to agree on time ran the last few weeks a lot in Greece on the one hand and the other euro countries on the other hand were diametrically opposed to each other.
After a failed concert last week, both parties have become the same thing now, once and Greeks on time Monday submitted their proposals.
The letter, sent by the Greek Finance Minister Yannis Varoufakis is
Video: Dijsselbloem: The Greek proposals were on time
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Plans
The Greek government wants to tackle tax evasion and introduce a fairer tax system. Also wants the country to make more efforts to combat corruption and the smuggling of tobacco and fuel.
The government wants to create a culture in which all Greeks adhere granted to the taxpayer, which should especially concern the elite in the country. In addition, reforms are implemented in collective agreements and contracts.
At the same time the Greek government wants to fight the worst poverty in the country. That means plenty of food for everyone, shelter, health care and a basic supply of energy.
Resistance
The new Greek government of Alexis Tsipras has strongly resisted new cuts and reforms.
The Greeks have the strict measures of recent years still fresh in the memory, which were required to be eligible for emergency assistance. Tspiras won the elections by promising no longer here to work with
What you should know about the agreement with Greece |. Summary aid loans Greece
What you should know about a ‘Grexit ‘| Greece File
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