Tuesday, June 30, 2015

Greece will be 'better armed' after referendum, says prime minister

Greek Prime Minister Alexis Tsipras has said that his country's referendum on the latest bailout offer is intended to make the country stronger in the fight for a new deal with its international creditors.

"Our aim is for the referendum to be followed by negotiations for which we will be better armed," he said in an interview on ERT television.

The Greek people will vote on the country's financial future on Sunday.

The prime minister was speaking after the country imposed capital controls and ordered its banks to stay closed for a week in a bid to prevent a run on banks.

After bailout talks collapsed at the weekend, fears mounted of a Greek default and possible eurozone exit.

Greece on Friday thrust a spoke in the wheels of the negotiations with creditors by declaring it would hold a referendum on their latest cash-for-reform plans, which Mr Tsipras had rejected outright as "humiliating".

Both German Chancellor Angela Merkel and Eurogroup head Jeroen Dijsselbloem said today that further talks with Greece were possible.

However, the crisis is expected to worsen sharply tomorrow when the country's bailout officially expires.

Mr Tsipras has implied that Greece would default on a key €1.5bn payment due to the International Monetary Fund, which is due the same day.

  • "(How) is it possible the creditors are waiting for the IMF payment while our banks are being suffocated?" he asked, adding: "Once they decide to stop the suffocation, they will be paid."
  • The prime minister admitted today that the plebiscite could cost him his job if voters accepted the contested deal.
"We are going to respect the decision," Mr Tsipras said.

Asked whether he would resign if Greeks rejected his plea for a No vote, he said he was not a prime minister who would stay in place "in all weathers".......http://www.rte.ie/news/2015/0629/711262-greece-banks/

29/6/15
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2 comments :

  1. Grèce - Fitch place 4 banques en "défaut partiel" suite au contrôle des capitaux...

    (Belga) L'agence de notation financière Fitch Ratings a placé lundi en "défaut partiel" quatre grandes banques grecques suite à l'instauration d'un contrôle des capitaux dans le pays pour enrayer une fuite massive des capitaux et une panique bancaire.

    "La dégradation de NBG (National Bank of Greece), Piraeus, Eurobank et Alpha reflète l'opinion de Fitch que ces banques ont échoué et auraient fait défaut si les contrôles de capitaux n'avaient pas été mis en place, au vu de la haute cadence des retraits des dépôts et de la décision de la BCE du 28 juin de ne pas relever le plafond des liquidités d'urgence (ELA) de la banque de Grèce", assure l'agence dans un communiqué. (Belga)
    rtl.be
    30/6/15

    ReplyDelete
  2. Greece Teeters on Brink of Euro Exit as Referendum Approaches...

    Greece is expected to go technically bankrupt as it faces defaulting on a $1.8 billion debt repayment to the International Monetary Fund, due Tuesday. The government has ordered banks to close and put strict limits on cash withdrawals.

    As Henry Ridgwell reports, after months of failed negotiations it appears Greece is about to decide its economic fate - in or out of the euro currency..............VIDEO............http://www.voanews.com/media/video/2842559.html

    ReplyDelete

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