LIVE. Vote on Greece: Valls welcomes the “courage” of Tsipras – L’Express

The Greek vote is not only that it will scrutinize

The Greek parliamentarians are not the only ones to vote on Wednesday. In France in particular Parliament is also consulted. If after the French vote does not bind the government , it does not hold true in Germany and Finland, two countries whose national representation is among the most hostile to keeping Greece in the euro area.

In Germany, it is sufficient that yes tops the Bundestag for the agreement to be ratified. But in Finland will require a vote of the absolute majority , far from certain.

On a broader level, all shareholders countries of the European Stability Mechanism (ESM) should validate the agreement for it to be implemented. In many countries, a simple decree, or a government statement to Parliament simply . This is the case of Italy, the Netherlands or Belgium.

Typically MY decisions must be adopted unanimously , but “there is however the possibility to bypass [this rule] by using a device emergency that requires only 85% of votes “explained Christopher Dembik Monday, economist at Saxo Bank, our colleagues Investing .

The Finns weighing only 1.78% units of MES, they will not annoy the draft European agreement on their own. However Germans Parliamentarians will vote Friday , although it is very unlikely that they disavow Angela Merkel, will have the power of life and death over the agreement almost 27% share of MY .

Finally Greek vote , which will take place in the night from Wednesday to Thursday is special because it bears directly on the application reforms contained in the agreement. If rejected text in Athens, the prospect of a third aid package to Greece would become automatically lapse.

Among the countries funding the ESM, only a minority has planned to submit the Greek deal to parliament. To be adopted, the agreement must recueuillir favored by 85% of the shareholding of the European Stability Mechanism. – Benoist Fechner / L’Express

07/15/2015 at 16:42