21 febrero, 2012

Crisis Europea - Los próximos pasos en el Dra©ma Griego


image
Un recuento en Inglés de los pasos a seguir después de este “acuerdo”…(Financial Times)
  • A long-delayed €130bn second bail-out for Greece was agreed.
  • Although Greek bondholders agreed in October to accept a 50 per cent cut in the face value of their bonds, they will now be offered a “voluntary” deal with a haircut of 53.5 per cent.
  • Official lenders agreed to cut interest rates on loans to Greece by 0.5 percentage points over the next five years and 1.5 percentage points thereafter.
  • That should get Greece’s debt-to-GDP ratio down to 120.5 per cent by 2020, close to the IMF’s goal for long-term debt sustainability.
  • European Central Bank to distribute profits on its €40bn in Greek debt holdings to member states
  • The deal was struck hours after a “strictly confidential” report on Greece’s debt projections exposed concerns over Athens’ ability to execute its rescue programme.
10.43: Constantine Michalos president of the Athens Chamber of Commerce has told Sky News that he thinks the deal is a “bad agreement”. He said: “I fear for social cohesion” and: “We’re looking at general social unrest”. He argued that rather than cutting the minimum wage, the government should go after Greece’s higher earners.
10.35: If everything goes according to plan (a big if, admittedly), this is where we go from here:
  • Feb 22: Greece expected to invite private investors to swap about €200bn of its bonds for new ones worth about half as much.
  • Feb 23-24: Finnish parliament likely to debate the package and guarantees for the eurozone’s temporary bail-out fund, the European Financial Stability Facility.
  • Feb 24-26: G20 meeting in Mexico. Leaders have signalled that they will only agree to raise International Monetary Fund payments to the eurozone if it allows the European Stability Mechanism, the new permanent bail-out facility, to run in parallel with the EFSF, nearly doubling capacity.
  • Feb 27: German parliament to vote on bail-out package.
  • Feb 28-29: Dutch parliament votes on the bail-out.
  • Mar 1-2: EU summit will decide whether to allow the two rescue facilities to run in parallel.
  • Mar 8: Last day to sign up for Greek bond swap offer.
  • Mar 12-13: Eurozone and EU finance ministers meet..
  • Mar 20: Greece must repay €14.5bn of debt. If the bond swap has gone ahead, this would be covered, meaning Athens will avoid defaulting on the payment.
  • April 20-22: Annual IMF meetings in Washington where more resources are likely to be agreed
              Lo remarcado en rojo es realmente lo importante a discutir, hasta ahora es sólo show…

            No hay comentarios:

            Publicar un comentario

            El objetivo de este Blog es compartir opiniones, así es que tus ideas y sugerencias son bienvenidas...