Varoufakis threatens lawsuit against Commission

Greek Finance Minister Yanis Varoufakis told the press on Tuesday that his government would sue the European Commission for the imposition of capital controls on banks, and against an eventual expulsion from the euro system.

Varoufakis said Greece would seek an injunction in the European Court of Justice to end capital controls and to block any attempt to expel Greece from the euro system.

"The Greek government will make use of all our legal rights," Varoufakis warned.

"We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable," he said.

The warning came after European Commission President Jean-Claude Juncker threatened Greece with expulsion from both the euro and the European Union on Monday. In an emotional speech, Juncker said that a 'no' vote in the referendum would mean that Greece did not intend to remain part of the trade bloc.

Before that, late on Monday, Prime Minister Alexis Tsipras told Greeks in a televised speech that his government would not survive a 'yes' vote in the bailout referendum to be held on Sunday.

"If the (Greek) people vote 'yes,' then the referendum outcome will be completely respected but I will not serve it," Tsipras said. "I'm not an all weather prime minister. I will respect the verdict and prepare the ground as outlined by the constitution and the parliament."........[By Magda Panaotsopoulou and Andrew Jay Rosenbaum]..........http://www.aa.com.tr/en/headline/546813--greece-varoufakis-threatens-lawsuit-against-commission
 30/6/15
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