Holding acquired the support of the IMF to pay the fifth tranche of loans to the Greece and avoid default, Europeans have finally set until mid-July to tie a new plan of assistance to the country.
To the nervousness of the markets and taking note of the persistent differences between the members of the eurozone on the contours of this second support plan, Olli Rehn expressed confidence Thursday in the fact that Athens would in time get the 12 billion euros of loans provided.
"I am confident in the fact that Sunday the Eurogroup decides the disbursement of the fifth instalment of loans to the Greece for early July." "And I also have confidence in the fact that we will be able to conclude the ongoing assessment in agreement with the IMF," said European Commissioner for economic and Monetary Affairs in a statement.
The Greek problem again weighed on European financial markets Thursday, especially in the banking sector French.
And while the prospect of a rapid agreement on the debt of the country away and the first Greek Minister Georges Papandreou continued the preparation of a new Government team, in the aftermath of a day of action marked by violence against its policy of austerity.
He is now seeking a national consensus on a new plan of austerity over five years, condition required by the European Union and international monetary fund to unlock aid in July.
The IMF is "very concerned" by the developments in the situation in Greece "that has changed dramatically the last 24 hours", said Thursday morning Zhou Min, Special Adviser to the Director General of the IMF, on the sidelines of a Conference in Paris.
"We are ready to give our support because it is something extremely important for Greece, Europe and the world economy", he continued.
HEAVY TO RESOLVE PROBLEMS
Several sources of high rank in the euro area said if expected that IMF pay its share of the next tranche of aid to the Greece against a commitment from the Europeans to maintain their support for the country.
"The situation is clear: If there is a strong commitment from the Europeans to do what it takes to support the Greece, the IMF will provide the money." "And this commitment will be there", explained to Reuters one of these sources.
The Fund but initially had a new plan to help Greece the condition sine qua non for the payment of the instalment, but political differences and the technical difficulty to agree on the participation of the private sector in this plan makes this highly unlikely prospect.
The Germany suggested that banks are offered the possibility of a "swap" between their current obligations and new titles to the extended maturity but a majority of countries and the European Central Bank prefer a "rollover" voluntary Greek banks debt European.
"There are a number of political issues to resolve." "We work at the highest level", said the reference source at the meeting tomorrow in Berlin between Angela Merkel and Nicolas Sarkozy, which launched an appeal to the spirit of responsibility of the European.
"But the truth is that there is also very heavy technical problems that require much more time to be resolved," has she added.
European and banking sources also indicated that the Germany wanted to postpone the adoption of the second aid plan in September.
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