Friday, July 3, 2015

Tsipras renews appeal to Greeks to vote against bailout

Greek Prime Minister Alexis Tsipras has said an IMF analysis showing Greece's debt is unsustainable justifies his government's decision to reject an aid package from creditors that offered no debt relief.
In a televised address to the nation on the final day of campaigning ahead of Sunday's referendum, Mr Tsipras renewed his appeal to Greeks to vote against the bailout package and say "no" to blackmail and ultimatums.

"Yesterday an event of major political importance happened," Mr Tsipras said.

"The IMF published a report on Greece's economy, which is a great vindication for the Greek government as it confirms the obvious - that Greek debt is not sustainable."

Earlier, Eurogroup chairman Jeroen Dijsselbloem said a claim by Greek Finance Minister Yanis Varoufakis that a debt deal is near is "completely false."

He also said creditors have made no new offers to Greece and that Greece’s government has chosen a very "risky path".

Mr Dijsselbloem, who is also Dutch finance minister, said that Greece faced a difficult future regardless of the outcome of Sunday's referendum on whether to accept the a bailout, and that difficult fiscal measures were unavoidable.

"Any politician who says that wouldn't be necessary in the case of a 'No' vote is making a fool of his people," said Mr Dijsselbloem after a meeting of the Dutch cabinet today.

Earlier, Mr Varoufakis said his Government has been engaged in private discussions with the European Commission and the European Central Bank this week and regardless of the outcome of Sunday's referendum, there will be a deal.

Speaking on RTÉ's Morning Ireland, Mr Varoufakis said a debt deal has nearly been finalised.

"Whether there is a Yes or a No, an agreement is in the offing. If they say yes, the Greek Government is simply going to sign on the dotted line on the proposal by the institutions on the 25th of June.

Mr Varoufakis said a No vote would lead to a better agreement, but he insisted that either option would lead to an agreement.

Asked if despite the very public announcements from eurozone leaders there would be no negotiations until after the referendum, was he saying that there had been private talks, Mr Varoufakis said "Well, I did say that, didn't I?"....................http://www.rte.ie/news/2015/0703/712322-greece/
3/7/15
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4 comments :

  1. Greek banks have 'liquidity cushion' of €1bn – enough until Monday

    More from the head of Greece’s banking association: Greek banks have a “liquidity cushion” of €1bn but funds beyond Monday depend on the European Central Bank. Greek banks have been closed since Monday after bailout talks collapsed and a referendum was called...

    Louka Katseli told reporters, according to Reuters:

    Liquidity is assured until Monday, thereafter it will depend on the ECB decision....http://www.theguardian.com/business/live/2015/jul/03/greek-debt-crisis-council-of-state-to-rule-on-referendum-live

    ReplyDelete
  2. Griechische Banken haben nur noch Geld bis Montag...

    Die Geldvorräte der griechischen Banken reichen nur noch bis Montag. Danach hängt die Liquidität dem Branchenverband zufolge von der EZB ab. Tsipras wirbt erneut für Nein-Stimmen.......http://www.welt.de/wirtschaft/article143217107/Griechische-Banken-haben-nur-noch-Geld-bis-Montag.html

    ReplyDelete
  3. A "No" vote in the Greek referendum on European bailout proposals would dramatically weaken Greece's position in debt negotiations, European Commission President Jean-Claude Juncker said on Friday...

    Speaking to reporters in Luxembourg to mark the beginning of the country’s six-month EU presidency, Juncker said: "If the Greeks vote 'No', the Greek position is dramatically weakened.

    "The program has come to an end, there are no negotiations underway. If the Greeks vote 'No' they have done everything but strengthening the Greek negotiation position.

    "Even in the case of a 'Yes' vote, we'll have to face difficult negotiations."

    Eurogroup chairman and Dutch Finance Minister Jeroen Dijsselbloem echoed Juncker’s comments after a meeting of the Dutch Cabinet on Friday, saying that Greece’s future is tough regardless of the referendum outcome.

    "Any politician who says that wouldn't be necessary in the case of a 'No' vote is making a fool of his people," Dijsselbloem said, referring to the difficult fiscal measures facing Greece..............aa.com.tr

    ReplyDelete
  4. Greek PM defends vote, demands 30 pct debt cut...

    Greece's Prime Minister Alexis Tsipras on Friday defended a weekend referendum he hopes will reset bailout negotiations and demanded creditors forgive a third of the country's debt and allow delayed repayments for the rest.

    Sunday's plebiscite is "a time of responsibility and democracy meant to silence the sirens of destruction," Tsipras said in a national television address.

    He rejected EU leaders' assertions that his decision last week to curtail debt talks with the creditors - the International Monetary Fund, the European Commission and the European Central Bank - and call the vote risked Greece's eurozone or EU membership.

    "Rejecting an unsustainable agreement does not mean a break with Europe," he said.

    "We will face a common future Monday and we will not allow anything to divide us."...........AFP..........dailystar.com.lb

    ReplyDelete

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