Τα κύρια σημεία της απόφασης είναι:
- Πρωτογενές πλεόνασμα το 2013...(το άλλο με τον Τοτό το ξέρεις)
- Eνισχυμένη παρουσία σε μόνιμη βάση με αύξηση του προσωπικού της Task Force στην Ελλάδα.
-
Συνεχής και στενή παρακολούθηση του προγράμματος από τους πιο πάνω (Οι
νέοι υπουργοί θα είναι αυτοί). Θα γίνονται εκταμιεύσεις από ένα ειδικό
λογαριασμό και ανάλογα με την πρόοδο υλοποίησης των μέτρων.
- Νομοθετική ρύθμιση για την κατά προτεραιότητα εξυπηρέτηση του χρέους.
- Συνταγματική ρύθμιση της πιο πάνω απαίτησης το συντομότερο δυνατό.
- Συμμετοχή του ιιωτικού τομέα στο κούρεμα κατά 53.5 % (στην πράξη πάνω από 75 %)
- Υλοποίηση του PSI με βάση την συμφωνία που υπεγράφη στην βουλή (Αγγλικό δίκαιο)
- Χρέος στο 120,5 % το 2020.
Διαβάστε τις αποφάσεις του Eurogroup και του ΔΝΤ
21.02.2012
Eurogroup statement
The
Eurogroup welcomes the agreement reached with the Greek government on a
policy package that constitutes the basis for the successor programme.
We also welcome the approval of the policy package by the Greek
parliament, the identification of additional
structural
expenditure reductions of € 325 million to close the fiscal gap in 2012
and the provision of assurances by the leaders of the two coalition
parties regarding the implementation of the programme beyond the
forthcoming general elections.
This
new programme provides a comprehensive blueprint for putting the public
finances and the economy of Greece back on a sustainable footing and
hence for safeguarding financial stability in Greece and in the euro
area as a whole.
The
Eurogroup is fully aware of the significant efforts already made by the
Greek citizens but also underlines that further major efforts by the
Greek society are needed to return the economy to a sustainable growth
path.
Ensuring debt
sustainability and restoring competiveness are the main goals of the new
programme. Its success hinges critically on its thorough implementation
by Greece. This implies that Greece must achieve the ambitious but
realistic fiscal consolidation targets so as to return to a primary
surplus as from 2013, carry out fully the privatisation plans and
implement the bold structural reform agenda, in both the labour market
and product and service markets, in order to promote competitiveness,
employment and sustainable growth.
To this end, we deem essential a further strengthening of Greece's institutional capacity.
We therefore invite the Commission to significantly strengthen its Task
Force for Greece, in particular through an enhanced and permanent
presence on the ground in Greece, in order to bolster its capacity to
provide and coordinate technical assistance. Euro area Member States stand ready to provide experts to be integrated into the Task Force. The
Eurogroup also welcomes the stronger on site-monitoring capacity by the
Commission to work in close and continuous cooperation with the Greek
government in order to assist the Troika in assessing the conformity
of measures that will be taken by the Greek government, thereby
ensuring the timely and full implementation of the programme. The
Eurogroup also welcomes Greece's intention to put in place a mechanism
that allows better tracing and monitoring of the official borrowing and
internally-generated funds destined to service Greece's debt by, under
monitoring of the troika, paying an amount corresponding to the coming
quarter's debt service directly to a segregated account of Greece's
paying agent. Finally, the Eurogroup in this context welcomes the
intention of the Greek authorities to introduce over the next two months
in the Greek legal framework a provision ensuring that priority is
granted to debt servicing payments. This provision will be introduced in the Greek constitution as soon as possible.
The
Eurogroup acknowledges the common understanding that has been reached
between the Greek authorities and the private sector on the general
terms of the PSI exchange offer, covering all private sector
bondholders. This common understanding provides for a nominal
haircut
amounting to 53.5%. The Eurogroup considers that this agreement
constitutes an appropriate basis for launching the invitation for the
exchange to holders of Greek government bonds (PSI). A successful PSI
operation is a necessary condition for a successor programme. The
Eurogroup looks forward to a high participation of private creditors in
the debt exchange, which should deliver a significant positive
contribution to Greece's debt sustainability.
The
Eurogroup considers that the necessary elements are now in place for
Member States to carry out the relevant national procedures to allow for
the provision by EFSF of (i) a buy back scheme for Greek marketable
debt instruments for Eurosystem monetary policy operations, (ii) the
euro area's contribution to the PSI exercise, (iii) the repayment of
accrued interest on Greek government bonds, and (iv) the residual (post
PSI) financing for the second Greek adjustment programme, including the
necessary financing for recapitalisation of Greek banks in case of
financial stability concerns.
The
Eurogroup takes note that the Eurosystem (ECB and NCBs) holdings of
Greek government bonds have been held for public policy purposes. The
Eurogroup takes note that the income generated by the Eurosystem
holdings of Greek Government bonds will contribute to the profit of the
ECB and of the NCBs. The ECB’s profit will be disbursed to the NCBs, in
line with the ECB’s statutory profit distribution rules. The NCBs’
profits will be disbursed to euro area Member States in line with the
NCBs’ statutory profit distribution rules.
•
The Eurogroup has agreed that certain government revenues that emanate
from the SMP profits disbursed by NCBs may be allocated by Member States
to further improving the sustainability of Greece's public debt. All
Member States have agreed to an additional retroactive lowering of the
interest rates of the Greek Loan Facility so that the margin amounts to
150 basis points. There will be no additional compensation for higher
funding
costs. This
will bring down the debt-to-GDP ratio in 2020 by 2.8pp and lower
financing needs by around 1.4 bn euro over the programme period.
National procedures for the ratification of this amendment to the Greek
Loan Facility Agreement need to be urgently initiated so that it can
enter into force as soon as possible.
•
Furthermore, governments of Member States where central banks currently
hold Greek government bonds in their investment portfolio commit to
pass on to Greece an amount equal to any future income accruing to their
national central bank stemming from this
portfolio
until 2020. These income flows would be expected to help reducing the
Greek debt ratio by 1.8pp by 2020 and are estimated to lower the
financing needs over the programme period by approximately 1.8 bn euro.
The
respective contributions from the private and the official sector
should ensure that Greece's public debt ratio is brought on a downward
path reaching 120.5% of GDP by 2020.
On
this basis, and provided policy conditionality under the programme is
met on an ongoing basis, the Eurogroup confirms that euro area Member
States stand ready to provide, through the EFSF and with the expectation
that the IMF will make a significant contribution, additional official
programme of up to 130 bn euro until 2014.
It
is understood that the disbursements for the PSI operation and the
final decision to approve the guarantees for the second programme are
subject to a successful PSI operation and confirmation, by the Eurogroup
on the basis of an assessment by the Troika, of the legal
implementation by Greece of the agreed prior actions. The official
sector will decide on the precise amount of financial assistance to be
provided in the context of the second Greek programme in early March,
once the results of PSI are known and the prior actions have been
implemented.
We
reiterate our commitment to provide adequate support to Greece during
the life of the programme and beyond until it has regained market
access, provided that Greece fully complies with the requirements and
objectives of the adjustment programme.
Η δήλωση του ΔΝΤ:
“I welcome the proposed understandings reached today by the Euro Group to support Greece.
“The combination of
ambitious and broad policy efforts by Greece, and substantial and
long-term financial contributions by the official and private sectors,
will create the space needed to secure improvements in debt
sustainability and competitiveness. These actions, together with a
significant strengthening of the financial sector, will pave the way for
a gradual resumption of economic growth.
“The success of this
strategy crucially depends on full and timely policy implementation by
Greece and long-term support by euro area member states. Recognizing the
sacrifice involved for the Greek people, the strategy will also aim to
minimize the impact on the poorest and most vulnerable.
“As soon as the
prior actions agreed with the Greek authorities are implemented and
adequate financial contribution from the private sector is secured, I
intend to make a recommendation to our Executive Board regarding IMF
financing to support a program.
“I also welcome
today's discussion on ensuring the adequacy of the European Financial
Stability Facility (EFSF) and European Stability Mechanism (ESM), which
will help bolster the firewall against financial contagion, catalyze
efforts to enhance IMF resources, and help secure global stability for
the benefit of all."
http://exomatiakaivlepo.blogspot.com/2012/02/eurogroup.html
