Greece: Tsipras ignores ultimatum and asks EU leaders summit. But … – Finanzaonline.com

Greece: Tsipras ignores ultimatum and asks EU leaders summit. But … – Finanzaonline.com

It does not calm the tension between Greece and the eurozone on the issue of debt and bailout. Athens refuses an extension of the funding program, the so-called memorandum, which expires later this month, but says it is ready to accept an extension of a few months, provided to different conditions.

Tsipras rejects the ultimatum

The greek prime minister, Alexis Tsipras, raises the tone, and warns that it will ignore the ultimatum Friday launched by the Eurogroup to request an extension of the EU’s aid program in the country. “The government will not accept ultimatums greek” , we learn from the statements made yesterday by the leader greek. A infuriate Tsipras was the iron fist of the Eurogroup on Monday and the Ecofin conclusions. Both leaders have left little room for maneuver in Athens, stressing that the only solution is to accept an extension of the aid plan, the so-called memorandum. The finance ministers of the European Union, meeting in Brussels yesterday, warned that if the government does not respect the agreements greek there would be very negative consequences.

Tsipras asks summit of European leaders

But Tsipras remains confident about finding an agreement with Europe. According to reports from the Wall Street Journal , the greek prime minister has called for a summit of European leaders to discuss the loan to Greece , so try to move the discussion on a political level “is not a technical issue but deeply political.” A first contact took place last night with the phone call between Tsipras and Premier Matteo Renzi, which was also attended by Minister of Economy Pier Carlo Padoan. Yesterday Padoan called the Eurogroup on Monday on Greece unhelpful but constructive.

Meanwhile, today the European Central Bank is expected to decide whether to confirm the extent of € 5 billion of funds available to banks in Greek under the program known as emergency liquidity assistance or emergency assistance (ELA).