European stock markets opened higher this morning. A slight dose of optimism until the meeting of finance ministers of the Eurogroup on Monday, which must approve a new plan of aid to Greece. This is to prevent Athens from bankruptcy in a month.
Even if the terms of the proposed aid are not yet clearly defined, it is no longer possible to wait says French finance minister, Baroin: “We can not wait for two reasons. The first is that the Greek Parliament met last week, the gourvernment pledged-in writing-what we wanted, there are important structural reforms that are underway, it will naturally continue to decline with national laws, but political commitments are made and it can no longer wait for a second reason is that Greece, in March, has deadlines that fall and is found in the situation of a country which may be bankrupt, what we we wanted to avoid France for 18 months. ”
Among the remedies contained a deletion with the private creditors of Athens 100 billion euros of debt and a new Greek bailout of 130 billion euros from its creditors.
Not enough to reassure the Greek population increasingly exasperated by the situation.
Useful links: bankruptcy case