The Greek government is expected to present Alexis Ciprasa on Monday the first list of reforms to confirm the compromise reached in Brussels on the continuation of financial support for the country.
Greece and the other euro area countries agreed on Friday that the financial assistance program for Athens will be extended by four months, ie. to the end June, provided that the country undertakes to reform.
The first list of reforms is to be assessed by institutions supervising the implementation of the program (European Commission, IMF, ECB).
the end of April the list is to be completed and clarified. Only positive evaluation of the implementation of the settlement by Greece will allow for the payment of delinquent support payments from the European Financial Stability Fund.
Greece also committed itself, it will not take unilateral decisions that would mean withdrawal from already agreed reforms and negatively impacted on the financial, economic recovery and fiscal sustainability. Assistance program for Greece, which saved it from bankruptcy, was to expire on February 28.
Meanwhile, the head of the German Institute Ifo Hans-Werner Sinn found, in an interview with Bloomberg TV that Greece should leave the euro zone, which would benefit the public.
He added that the financial markets are feeling that possible Greek exit from the euro zone would not cause “contagion” from other countries.
“The market expects that Greece may declare bankruptcy, but other than that no one else,” – he said.
Sinn estimated that the eurozone would be politically stronger if Greece left the euro. He added that Greece needs to exit from the euro zone to regain competitiveness.
Sinn pointed out that a Greek exit the euro zone would be temporary. “It would be a + hospital + for the Greek economy” – he believes.
“Greece could return to the eurozone after a few years. After + hospitalization + Greeks could go back and be a functioning member of the monetary union, “- said Sinn.
Meanwhile, on Monday at 10.00 in Europe, investors know IFO index for Germany in February. Analysts estimate that the index showing sentiment among entrepreneurs in Germany amounted to 107.7 points in February. to 106.7 points. in January.
About 14.30 activity index will be published in the US economy by the Fed from Chicago for the first, but about 16.00 information about home sales in the secondary market in the US in the first.
The following indexes in Europe – h. 09.10
| Index | Country | value | � � | 1D | 1W |
| | (Pts.) | (%) | (%) | ||
| | |||||
| Euro Stoxx 50 | The Eurozone | 3522.47 | 0.92 | 2.60 | |
| DAX | Germany | 11141.96 | 0.83 | 2.00 | |
| FTSE 100 | Great Britain | 6930.16 | < br /> | 0.22 | 1.07 |
| CAC 40 | France | 4867.51 | � � | 0.76 | 2.43 |
| IBEX 35 | Spain | 11000.60 | 1.11 | 2.91 | |
| FTSE MIB | Italy | 22018.58 | � � | 0.81 | 4.03 |
No comments:
Post a Comment