LUXEMBOURG (AFP) - is walnut in debt, the Greece won Friday pledge of a new rescue plan at the top of the correction of cash flows for July, but only after the presentation of its financial autonomy.
"There is an agreement", Prime Minister George Papandreou said that Europe rallies to avoid bankruptcy in Athens and damage output in the euro area.
The plan depended on a positive criticism by the European Union and the Monetary Fund International Greek budgetary efforts despite a national recession at the worst than expected since the rescue of 110 billion euros last year.
Submission to the anchor to bring Athens at the precipice, with the burden of debt reaching some 350 billion euros ($500 billion), the next instalment of 12 billion euros of loans agreed last year, which had been in doubt, should now be paid at the beginning of next month.
Basically, Athens can also expect a new rescue plan, put at some EUR 60 billion, which must be funded in part by private banks returning holdings of debt existing Greek Government due for redemption.
However, the international donors want more control over a radical economic reform, ranging from decisions on the privatization of property of the Greek State to the fixing of the country chaotic tax collecting.
As trade unionists occupied the Ministry of finance in Athens and threatened a general strike against more budget cuts and layoffs, Papandreou said that he asked that the partners of the EU to manage pain.
"These are things which I am very pleased that they are willing to help (with) and provide the necessary persons, knowledge, expertise," Papandreou said after talks at the Luxembourg with Fixer policy key Jean-Claude Juncker, the head of the Eurogroup of Finance Ministers in the field of the common currency.
Papandreou said that despite "big sacrifices by the Greek people, still has much to do." At the same time we have seen that the markets remain skeptical, and that is why we are now talking of additional financial support. ?
Luxembourg Prime Minister Juncker, said that the 17-nation euro zone was likely to accept the new help for indebted nation but "in the strict conditionality".
"This compliance includes the participation of the private sector on a voluntary basis, and the involvement of the private sector will have to be negotiated with private creditors."
He added: "on this basis, it is clear, there will be not not be output to the Greece of the euro area, no there is no default and Greece will be able to fully meet its obligations."
A joint declaration by the European Union, the IMF and the European Central Bank said "discussions on the modalities for funding for the Greece?" s economic programme would take place in the coming weeks. ?
In Athens, the Ministry of finance said that the discussions provided a new four-year program.
Commissioner for European Economic Affairs olli Rehn noted that the Executive EU and other European States could now intervene.
"We remain open to explore the possibilities of additional and enhanced assistance to should there be a need, for example tax and privatization," he said.
"Yet again, I give the floor to all the political forces in Greece to put aside their domestic differences and approve the main objectives and policies of the program, for the good of the recovery of the country, for the sake of growth and employment."
"The report of the"troika"of the commission, the ECB and the supervision of the IMF Greek financial consolidation moves said Athens" is committed to an ambitious tax strategy which will enable it to maintain its budgetary targets for 2011 medium-term and medium term.
"This strategy includes a significant reduction of employment in the public sector, restructuring or closure of public entities and rationalization in instalments".
He added: "on revenues, the Government will reduce tax exemptions, raise taxation and intensify efforts to combat tax fraud."
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