Yet another crucial day for Greece. The parliament in Athens today debating and voting on the controversial agreement on a new rescue plan for Europe that Prime Tsipras closed Monday. In his own party is much criticism this afternoon the Minister of Finance already stepped on. The expectation is nonetheless will support Tsipras parliament. In the background plays the role of the IMF, that the remission of part of the Greek debt will. Further discuss the EU Member States on a bridging loan that Athens needs to meet in the coming weeks, pending the new emergency support its obligations.
Updates by Sam de Voogt
For now ready here
We now exit the live blog. Thanks for following. Keep an eye on our website updates on the mood in the Greek parliament. We bring the results as soon as it is known.
Word from Nikos Filis
Parliament President Nikos Filis, Syriza, said the negotiations in Brussels had only one goal. overthrow the leftist government in Greece
70 percent of Greeks back chord
An insider reported to Nieuwsuur according to the latest poll 70 percent of The Greeks would back the deal.
New telephone consultation eurogroup tomorrow
Dijsselbloem minister’s spokesman has just confirmed that there tomorrow morning at 10:00 a conference call on the program for the Eurogroup. This comes just hours after the Greek parliament will vote on the agreement Monday Tsipras closed with the EU.
Word from George Stathakis
The Greek Minister of Economy George Stathakis says the deal is the outcome of a trial, in which different interests hard clashed. But:
“Our problems started not five months ago.”
What is now outside?
Word from Kyriakos Mitsotakis
Kyriakos Mitsotakis, a spokesman for the conservative New Democracy (ND), which led the previous government, is now speaking. According to him, the danger of a Grexit not over, but Tsipras at the last moment, under pressure, has made the right decision. He says his party will support the agreement because of the political conscience of the party.
Golden Dawn is not translated
What does a member of the extreme-right party Golden Dawn at present to parliament, yet it remains a mystery. The Press Project , that translates to the live broadcast, refuses to translate his story because it would offer no platform for fascism.
Word from Stavros Theodorakis
Stavros Theodorakis is the leader of To Potami (” River “), a small center party, with seventeen of the three hundred seats in parliament. He says he supports the deal of Tsipras to save the country. At the same time he asked the premier ones in the Syriza party who will not vote for the agreement to put off the party.
State: no deal is catastrophic
The Greek Minister of Finance Dimitris Mardas has just addressed the parliament. He said the aid plan as it stands “a defeat”, but that if no agreement is reached the “catastrophic” would be for Greece.
Police: 50 people arrested during riots
According to news agency AP reported that police in the riots which broke out for about a half hour ago the Greek parliament arrested about 50 people. About 200 youths pelted riot police with Molotov cocktails and stones and set rubbish bins on fire. Then the police turned tear gas. Since the debate inside the parliament started the riots have subsided.
Tsipras speaks Greek parliament after the vote to
Greek Prime Minister Tsipras will speak only after the Greek parliament has voted on the agreement he signed Monday with international creditors. That confirmed an assistant to the Prime Minister earlier.
Dijsselbloem: Greek debt is not too bad
Greece’s public debt is according to Minister of Finance Dijsselbloem relatively moderate. Thanks to the long maturities of loans and reduced interest expenses, the total debt low, Dijsselbloem said in a letter to parliament. The minister responded thus on a report that the IMF warns about the deterioration of the Greek economy, which the Greek debt would fall very much higher than expected in the next few years.
A majority demanded today that the IMF report was made public on Thursday before being debated in parliament. Also asked the House an assessment of the government on the report. It’s there now. According Dijsselbloem the IMF has indicated Sunday that the best yardstick for measuring the so-called gross debt is financing. It follows a lower debt than a previous method that the IMF is based on the ratio between the debt and the size of the Greek economy.
In a number of countries, including Germany, the Netherlands and Finland have the national parliaments to give specific approval to the new support program.
Updates by Star van der Hee
to speak: tsakalotos
The Greek finance minister Euclid Tsakalotos spoke on Monday, the day on which the agreement with the euro countries was closed, as the “worst day of his life” <. br />
moving image
The situation at the square outside the parliament building in Athens
view: Riots in Athens
The demonstrators protesting the Greek austerity measures, dozens of Molotov cocktails thrown at police, and the police have used tear gas. Earlier today, thousands of Greeks took to the streets in a peaceful protest against the new austerity measures and reforms. Since the leftist ruling party Syriza came to power in January are such major conflicts with the police almost not occurred (Reuters).
Photo Reuters / Yannis Behrakis
debate started
Outside, the atmosphere among the protesters grim, began in the debate. That means you can follow the now via live stream (see also updated 20:05 am).
riots
The Greek demonstrators protesting against the austerity measures throwing Molotov cocktails at the police, writes Reuters. The police used tear gas.
watch
The following video channel, you can follow the debate live, with English subtitles. That is, if the time comes, the debate has been delayed by a few hours of group consultation ruling party Syriza.
When parliament
NRC correspondent Marloes King is on Syntagma Square in Athens, the Greek parliament building, where demonstrators are preparing for a long night.
in pictures: protest in Athens
Omonia Square, Athens. Trade unionists protest against the agreement that Greece Monday with Europe has closed. AP Photo / Petros Giannakouris
Meanwhile in Greece
NRC correspondent Marloes de Koning reports from Athens that the Greek Energy Minister Panagiotis Lafazanis indeed had a plan for a Grexit. Yesterday he met with about five hundred active Syriza members of the left wing of the party for a scheduled meeting at a hotel in the capital. The plan Lafazanis: we fall within the Central Bank, take 22 billion along, arrest the governor and in the meantime we started printing its own currency.
That same evening told Greek Prime Minister Alexis Tsipras in an interview with public broadcaster that he had a study on the Grexit scenario. The conclusion: this was not an option
future Tsipras
If the Greek Prime Minister Alexis Tsipras will not support this evening in Athens to agree on a new rescue plan for Europe, it is doubtful whether he will stay on as prime minister.
debt increases
The European Commission and the IMF, which came loose with an assessment but also contributed to the Commission, differences in the conclusion of the debt, but includes both large debt increases. The Commission writes widened in its assessment that the Greek debt in 2022 to 150 percent of gross domestic product. But these percentages apply only if Greece takes steps to do something about the debt. Otherwise, the debt can be even higher: 176 percent in 2022. The IMF predicts that the Greek debt has risen in 2022 to 170 percent of GDP and called for hefty debt. (Reuters)
French for
France the aid plan approved Greeks, press reports AFP.
‘rescue plan does not work’
The Finnish Deputy Prime Timo Soini, leader of the populist Finns Party no longer believes in a deal with the Greeks. “The situation with Greece is extremely problematic,” he said in NRC.
“All options are now bad. Debt cancellation of debt is politically impossible. The shifting of the redemption we have already done on the back burner. And give more money for a system it does not work, is not good. There is therefore the governments of the Netherlands, Germany and Finland so much reluctance to continue on this path. “”
Read throughout the interview.
observations of varoufakis
Yanis Varoufakis, a former finance minister in the cabinet Tsipras, the agreement has posted on his blog – and provide what little notes Worth reading
minister of energy against
The Greek Energy Minister Panagiotis Lafazanis (SYRIZA) supports the government but is voting against the to take measures, as the Greek journalist Efthimia Efthimiou writes on Twitter.
solidarity
Also in Barcelona start protests in solidarity with the Greeks. In Greece, civil servants and pharmacists on strike.
Germany: extension is possible
Germany is considering possible the Greeks more time to pay off their debts, but only if it means that the money is repaid, indeed, said the German Ministry of Finance today. The IMF said earlier that Europe Greeks should be given thirty years to repay the money.
“Technically there is the possibility of renewal,” said the spokesman for the German Finance Ministry, Martin Jaeger, “but it is not a solution as it leads to significant reduction in the present value of the debt, by the back door. ” Germany takes the advice of the IMF “very seriously” but also believes in the sustainability of the debt, if the Greeks but structural reforms. (Reuters)
IMF: Greek debt ‘unsustainable’
If no relief comes, the Greek debt is “highly unsustainable”, says the International Monetary Fund (IMF) in a memo published yesterday. Because Greece until the end of 2018 some 85 billion euros needed to stay upright – the amount that is agreed last weekend – rising debt to 200 percent of gross domestic product.
Just the last two weeks, according to the IMF, there is the closure of the banks in Greece arose such a damage that was 25 billion extra needed. And if a problem arises, writes NRC editor Maarten Schinkel today to NRC Handelsblad
The IMF does not lend to countries whose debt remains unsustainable after a rescue operation, and where a return to financing on the capital market for a long time is not foreseeable. This now threatens to put the entire rescue operation in jeopardy. Because debt relief for the Greeks is politically highly sensitive. And a direct debit can, especially for Germany but also for the Netherlands, no question.
More information? Read more in NRC Handelsblad: IMF demands canceling Greek debt.
Updates by Philip Zandstra
Finland does not believe there really more …
… according to the Finnish Deputy Prime Minister Timo Soini at NRC-editor Juurd Eijsvoogel
interview with Soini will appear later today.
General Secretary Ministry of Finance gets the
Who Greek language nodule has:. below his resignation letter
Central Committee of SYRIZA opposes Tsipras
109 members of the 201-member Central Committee of Tsipras’ Syriza party turned against the accord. An Today’s statement said the members that there is a coup:
“On July 12, a coup was carried out in Brussels, where it is proved that the European leadership a nation that will destroy follow a different path than that of the neo-liberal model of extreme fiscal discipline. This coup goes against any notion of democracy and sovereignty. ”
Not surprisingly speaks also former Minister of Finance Varoufakis out against the agreement. He compares the deal with the Treaty of Versailles.
Where today actually debated?
Today’s debate involves four steps that form a single package. Briefly concerns
1) Reform of the tax system, including the controversial increase in the VAT rate
2) Ensuring the independence of the statistics office ELSTAT
3).. establishment of a Fiscal Council.
4) Setting of semi-automatic budget cuts when goals are not met.
These are not the last measures that parliament must vote on. Over a number of other laws must for July 20 – next Monday so -. Vote
Photo ANP / EPA / Orestis Panagiotou
Greek civil servants strike in Athens against the Monday agreement concluded with a 24-hour strike.
All EU countries should pay bridging loan ‘
Greece has a bridging loan needed where all 28 EU Member States should contribute to, said Vice-President of the European Commission Valdis Dombrovskis. There is admittedly a tentative agreement on a third aid program for Greece, but until the program actually goes there, money is needed.
It would be a total of 7 billion euros for three months or until that the aid program is in effect. The money has to come from a jar where all EU countries have invested money
For such a bridging loan must be agreement between all 28 Member States:.
Incidentally some estimates go out 12 billion euros, which Greece can last until mid-August.
How let a vote is?
The plenary debate in the Greek parliament will today begin at 17.00 and will be gone for a vote around midnight. However, this may change.
Officials strike against chord
The union officials today to protest the agreement announced a 24-hour strike. As a result, public transport in Athens severely disrupted, writes AP. Pharmacists also join the strike. They can not agree with the provision of the agreement that supermarkets will soon be allowed to sell prescription-free medicines.
Minister of Finance resigned
The Greek Minister of Finance Nadia Valavani has resigned today because they can not find in the agreement Monday morning concluded with the other euro countries. Our correspondent Marloes de Koning on the resignation:
“The resignation of Valavani comes as no surprise and is beneficial for Tsipras. Now he can replace her for a secretary of state who supports the agreement “
- Read more about this.
- Alexis Tsipras
- euro
- Greece
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