The standoff between Athens and the European Central Bank (ECB) hardens. The Greek government increase the tone after the decision of the ECB’s decision Wednesday to stop accepting Greek bonds as collateral, depriving banks of refinancing with her.
Athens request negotiations without pressure
Friday, February 6, the government reiterated its request for bridge financing that would allow him to negotiate without pressure to restructure its debt. It requires that in this time, “no unilateral action” is taken which would be similar to blackmail or increased pressure on the government.
Athens also claims 1.9 billion euro to central banks of the euro area, and the extension of its borrowing capacity set by its creditors to 15 billion euros in 2015.
For the new government to Alexis Tsipras, the Time is against him. The decision of the ECB submits the Greek banks in ELA device (emergency liquidity assistance) but this one is extremely limited (25 days). An agreement on the issue of debt restructuring must therefore be found very quickly
S & amp;. P puts his threat
The market them, impatient. The Standard & amp rating agency; Poors announced Friday that it degraded the rating of Greece from B to B-, while maintaining its negative outlook. The agency warned that it was considering this decision on 29 January.
“The time available to the new Greek government to reach an agreement with its creditors on a refinancing its debt was reduced due to liquidity constraints, “said the agency on Friday night in a statement.
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