In sfarsit avem o rezolutie pe Grecia si nu numai - inca neoficiala- dar sanse mici sa nu fie asa cum se spune.
Miscarea Euro a fost mai mult decat previzibila: Mai rar asa zi.
The euro zone bailout fund, the European Financial Stability Facility (EFSF), will provide loans to Greece, Ireland and Portugal at a lower interest rate and for longer maturities, according to draft summit conclusions seen by Reuters on Thursday.
http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__CURRENCY/GLOBAL_CURRENCIES/euros_bills_1_200.jpgAPThe document detailed plans to extend the maturity of bailout loans, expand the bailout fund’s mandate, stimulate growth in the Greek economy and include private-sector participation.
Loans from the EFSF will be extended from 7.5 years to at least 15 years and the interest rate will be lowered from around 4.5 percent currently—in the case of Greece and Portugal—to around 3.5 percent, the draft document said.
“We will provide EFSF loans at lending rates equivalent to those of the balance of payments facility (currently approx 3.5 percent) without going below the EFSF funding cost,” according to the draft. “This will be accompanied by a mechanism which ensures appropriate incentives to implement the program, including through collateral arrangements where appropriate,” a nod to Finland’s demand for collateral against new loans.
The EFSF will also be allowed to provide precautionary credit lines to countries in the euro area, including those that are not under EU/International Monetary Fund bailout programs, the draft said.
It added that talks with the private sector on shouldering some of the burden of a second bailout package for Greece continue, with all options still on the table.
“The financial sector has indicated its willingness to support Greece on a voluntary basis through a menu of options (bond exchange, rollover, and buyback) at lending conditions comparable to public support with credit enhancement,” it said.
