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    Greece debt crisis: Athens accepts harsh austerity as bailout deal nears | Business | The Guardian | Thursday 9 July 2015 19.39 BST
    ▻http://www.theguardian.com/business/2015/jul/09/greece-debt-crisis-athens-accepts-harsh-austerity-as-bailout-deal-nears

    The Greek government capitulated on Thursday to demands from its creditors for severe austerity measures in return for a modest debt write-off, raising hopes that a rescue deal could be signed at an emergency meeting of EU leaders on Sunday.

    Athens is understood to have put forward a package of reforms and public spending cuts worth €13bn (£9.3bn) to secure a third bailout from creditors that could raise $50bn and allow it to stay inside the currency union.

    A cabinet meeting signed off the reform package after ministers agreed that the dire state of the economy and the debilitating closure of the country’s banks meant it had no option but to agree to almost all the creditors terms.

    Parliament is expected to endorse the package after a frantic few days of negotiation that followed a landmark referendum last Sunday in which Greek voters backed the radical leftist Syriza government’s call for debt relief.

    Syriza, which is in coalition with the rightwing populist Independent party, is expected to meet huge opposition from within its own ranks and from trade unions and youth groups that viewed the referendum as a vote against any austerity.(...)

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      Oui, je ne sais pas si d’autres journaux suivent d’aussi prêt.

      Helena Smith
      ►http://www.theguardian.com/business/live/2015/jul/09/greek-crisis-reform-plan-grexit-tsipras-draghi-live

      So what happens now? Over to Athens.....

      Our correspondent Helena Smith has confirmed that the proposed reforms have indeed been sent to the country’s creditors - and three hours AHEAD of the midnight deadline central European time.

      Government insiders are saying the proposals were sent at 1O PM Greek time (9 PM central European time) to all three creditors and the president of the Euro Group of euro area finance ministers Jeroen Dijsselbloem.

      The Dutch finance minister must sign off on the reforms before they are submitted for further discussion to EU leaders.

      The proposed package - a biting mix of tax hikes and swingeing cutbacks - was tabled in parliament as an emergency bill on Thursday. It will, say officials, be put to vote on Friday evening in order to invest the Greek prime minister, his deputy Yannis Dragasakis and finance minister Euclid Tsakalotos with the appropriate authority to negotiate on it in Brussels.

      Until a cast-iron agreement is reached, the vote will not be binding - rather is is aimed exclusively at furnishing the central protagonists in Greece’s negotiating team with the authority to debate with creditors around the proposed reforms.

      Once negotiations are completed it will become law.

      After several drama-filled days, replete with apocalyptic scenarios, a ray of hope was seen tonight. The vast majority in Tsipras’ radical left Syriza party accept that chaos lies the other way.

      But the devil will be in the detail. Panagiotis Lafazanis, who heads Syriza’s militant wing, the Left Platform, has already expressed his wholehearted opposition to the proposed plan saying it fails to give any hope of a breakthrough to the Greek economic crisis. The Left Platform represents about a third of the party.

      Zoe Konstantopoulou, the president of the parliament and a member of Syriza’s hard left herself, has publicly announced that no new memorandum outlining further austerity will be passed by the 300 seat House.

      Although, Konstantopoulou has just spent 3.5 hours with Tsipras.... and has left his office refusing to make any comment!

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