Greece agrees with the EU and the IMF a new package of measures, including privatization and cuts in salaries. It aims to reduce the deficit and raise revenues to the State. Opens the door to receive the next tranche of international aid: 12 billion euros in June. The euro zone is a step away from approving new disbursements of the rescue plan for Greece, but with the participation of the private bank creditors, although on a voluntary basis, as your President of the Eurogroup, Jean-Claude Juncker said Friday. The announcement occurred shortly once the Athens report that he has received the go-ahead from the EC, ECB and IMF to new measures of austerity and privatizations that aim to reduce the deficit and unlock new aid. Juncker, who gave no more details, was convinced that the euro zone Finance Ministers approved a new package of aid to Greece, as he said in a statement after meeting with the Greek Prime Minister, Yorgos Papandreu, for more than two hours.
The approval of the Eurogroup It could come at its next meeting on June 20, after the agreement announced between Greece, the European Commission, the European Central Bank and the International Monetary Fund on new steps to give by Athens to straighten their ailing fiscal situation. With creditors deprived based on the new fiscal measures and privatization announced by Athens, I foresee that the Eurogroup will accept an additional financing for Greece, under strict conditions, of course, and these include the involvement of the private sector on a voluntary basis, said Juncker in statements to the press. The involvement of the private sector will have to be negotiated with the private creditors who have Greek bonds, said Juncker, who no said the amount of the additional aid or on what terms the banks they would participate in the likely new rescue. This condition has been especially promoted by Germany, but has been greeted with reluctance by the ECB.