An important side for Athens comes from Paris. The French president Francois Hollande he said today that the proposals presented yesterday evening by the government of Alexis Tsipras are "serious" and "credible", but "the next few hours will be decisive: nothing has been decided yet".
Less enthusiastic, but still positive, was the comment of the head of the Eurogroup, Jeroen Dijsselbloem, who called Greece's proposed €12 billion reform package “thorough”.
Today, in a climate made incandescent by the depletion of ATM cash supplies, the Greek Parliament will have to decide whether to approve or reject the Tsipras plan. Part of Siryza is against the agreement, but the necessary votes could come from the opposition, which was in contact with Brussels yesterday.
Among the proposed measures, the VAT discount on the islands by 2016, a rate increased to 23% for restaurants and catering, and 13% for hotels. Cuts to pensions and the defense budget. Greece, in exchange for the proposed reforms, is asking creditors for 53,5 billion to honor loans until June 2018 and is also asking to review the primary objective of a surplus for the next 4 years.
Saturday at 15 will be held theEurogroup, will be held on SundayEurosummit and European Council.
As for Italy, the premier Matteo Renzi he trusts in an agreement as early as tomorrow: "We hope not to meet again on Sunday on the Greek crisis - he said at the press conference after the conversation with the Irish premier, Enda Kenny - this would mean that the agreement could be made directly on Saturday by the economy ministers, without the need for another summit of government leaders on Sunday. We work for this agreement, we think it is possible ”.
If an agreement is not reached by Sunday, Athens will default. But at this point, a happy ending seems the most likely prospect, at least judging by the performance of the European Stock Exchanges. Late morning today Milano earns 2,22%, Frankfurt 1,8%, Paris 2,43% and Madrid il 2,32.
Meanwhile, the BTP-Bund spread travels at 126, a clear decrease compared to the 144 basis points of yesterday's closing.
