Monday, August 24, 2015

The Greek government RESIGNED AND NEW ELECTIONS WILL BE HELD ON SEPT. 20th. 2015 but, it  has rowed back on promises to halt the fire sales of the country's strategic assets by approving the sale of its airports to a German company. In fact the Tzipras Government sold it's country to the 4th, Reich, so much in charge of Europe. Operating rights to 14 regional airports, including those on popular holiday destinations such as Crete, will now fall under the control of German company Fraport AG, the operator of Frankfurt airport.   The €1.23bn deal represents a significant climb-down for Alexis Tsipras who had denounced attempts by the Troika to force various Greek governments to de-nationalize the country's ports, electricity networks and airports.  But the embattled prime minister has been forced into a number of concessions in return for an €86bn aid package to keep the country in the euro for the next three years. The deal comes as Germany's Bundestag prepares to vote on the package on Wednesday... more than 60 of Ms Merkel's parliamentarians already voted to reject new bail-out talks in July. The rebellion is set to escalate to around 100 out of her 311 MPs.  The Chancellor and her finance minister have been on a charm offensive to convince skeptical lawmakers that Greece will be able to carry out the raft of reforms in return for a first disbursement of €26bn due to be made by Thursday.  Disquiet in Berlin has also grown over the position of the International Monetary Fund, which is only likely to release its own funds to Greece in October.  The Dutch parliament, another tough creditor nation, will also convene for a vote on Wednesday. Eurosceptics such as Geert Wilders have threatened to issue a motion of no confidence in Prime Minister Mark Rutte over the deal.   Parliaments in Portugal and Austria are also due to vote on the measures before Greece is due to repay €3.2bn to the European Central Bank of the package.

No comments: