Greek drama is not over – Swedish newspaper Svenska Dagbladet

Greek drama is not over – Swedish newspaper Svenska Dagbladet

And so requires approval from several more or less critical Parliaments in the euro zone.

The deal between eurozone finance ministers on Friday, on the renewal of aid to Greece until June, received positively by the market. This despite the fact that it only buys time and not say anything about how the bankrupt country in the long term should be rescued from the debt trap.

The stock price increases – wide but not very big – began on Wall Street late Friday. They have since continued both in Asia and in the leading European stock markets

The Athens Stock Exchange, which plummeted by 32 percent in one year and 17 percent since December, has closed the weekend. It is therefore impossible to see how the deal affects confidence in Greek banks.

But the fixed income market was the thumbs up. The interest rate on a ten-year Greek bond drops and revolves now around 10 per cent, against a peak of 11.4 percent days after the Greek re-elections held in January.

Greece’s newly elected coalition government, with the left-wing leader Alexis Tsipras as prime minister, has the settlement had a somewhat softer austerity measures. But Greek Finance Minister Yanis Varoufakis still need to get a list of Greek reforms approved by the lenders – the EU, ECB and IMF. Green light is also required from several parliaments in Northern Europe, including the German Bundestag, where continued support to the bankrupt country is heavily disputed.

It has also begun to rumble in their own ranks.

The 92-year-old war hero Manolis Glezos, MEPs from SYRIZA, accusing in a statement Varoufakis for having agreed to a watered-down deal that practically does not change anything. He asks his constituents to apologize for what he calls the participation in this illusion.

Reform list coming to Brussels at lunchtime on Monday, reports the AFP news agency with a reference to an EU source.

If the list does not measure ceases the second aid program for Greece – where it remains just over 7 billion euros in emergency loans – apply on Saturday. In such a situation, the Greek State in March have concrete problems to manage their repayments and interest payments.