“Greece is expected to submit a new request for financial assistance from the European Stability Mechanism (ESM)” tomorrow Wednesday, the Eurogroup said in a statement. Italian News Agency ANSA had reported earlier that PM Tsipras was to request for an urgent loan of 7 billion euro as the ECB has ‘frozen’ ELA to Greek banks since June 26th 2015.
EUROGROUP STATEMENT
The Eurogroup welcomed the new Greek Minister for Finance Euclid Tsakalotos who presented the situation in Greece following the referendum on 5 July 2015.
The Eurogroup exchanged views on the way forward.
Following the meeting Eurogroup President Jeroen Dijsselbloem announced that the Greek government would submit a new request for financial assistance from the European Stability Mechanism (ESM). The request is expected tomorrow, 8 July 2015.
The Eurogroup is ready to hold a conference call on the same day when the request is received.
Following the submission of the request, the Eurogroup President will ask the institutions – the European Commission, the European Central Bank and the International Monetary Fund – to assess and analyse Greece’s financing needs and the debt sustainability. Following the assessment the Eurogroup will be able to take a decision on whether formal negotiations can start.
“All of this needs to be done in a matter of days, as we have very little time”, said J.Dijsselbloem.
According to the ESM rules and the EU treaties, financial assistance to member states is provided under strict conditions. Greece’s previous financial assistance arrangement with the European Financial Stability Facility expired on 30 June 2015.
On Tuesday, Greece did not submit a new proposal to Eurogroup,, but finance Minister Tsakalotos reportedly presented the Greek positions verbally. PM Tsipras is to discuss the new proposals with Chancellor Merkel and President Francois Hollande in a separate meeting and later with the other EU leaders at the Summit.
After the Eurogroup meeting, Jeroen Dijsselbloem told media ”We believed to receive some proposals. “I want to hope that Greece will send us the proposal tomorrow so we can start negotiate.”
Dijsselbloem’s statement on video here
Dalia Grybauskaitė’s “mañana” will get Podemos 5% points plus!
Guess Lagarde told Varoufakis to not pay the rate and call for referendum but the EU-Mafia still want the “deal” of 29th of Nov, they want Greece to copy paste until Friday morning the 48 page e-mail created by the inventor of the term “graccident” but where is it?