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Update: Wednesday Jun 20, 2012> COALITION GOVERNMENT DEAL NEAR After the agreement between PASOK leader Evangelos Venizelos and Democratic Left leader Fotis Kouvelis all that remains is a meeting of heads under the president of the Republic. According to protothema.gr, Kouvelis and Venizelos accept ND leader Antonis Samaras as prime minister, but ask, however, for people of common acceptance on key ministries… > G7, MEXICO A statement by the the Group of Seven Countries (G-7) on the election in Greece, said: “Taking note of the Greek elections, we look forward to working with the next government of Greece, and believe that it is in all our interests for Greece to remain in the Euro area while respecting its commitments. We welcome the commitment of the Euro Area to work in partnership with the next Greek government to ensure they remain on the path to reform and sustainability within the Eurozone.”… > BANKS Deposits are returning to Greek banks after Sunday΄s election, several Greek bankers told Reuters yesterday… > IMPROVEMENTS POSSIBLE Greece’s European partners may agree on concessions to the Greece’s austerity measures and reforms but they will not agree to substantially alter them, Eurogroup president Jean-Claude Juncker told German television channel ZDF… > EU REFORMS Draft credit rating agency reform legislation designed to regulate sovereign debt ratings, reduce reliance on agency ratings and restrict the scope for conflicts of interest, was voted yesterday in the Economic and Monetary Committee. MEPs sought to ensure that the legislation injects more responsibility, transparency and independence into credit rating activities, and helps to enhance the quality of ratings issued in the EU, thereby improving protection for users and investors… |
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