– The risk of default by Greece, which still has not presented a reform plan valid for the Troika, rattles the European stock exchanges. The Athens Stock Exchange closed sharply down, with the index Ase that leaves on the ground 3%. According to government sources in the Greek case would remain only two billion euro. The nightmare Greece weighs on the Milan stock that yields 2.40%. Madrid also declined (-1.1%), Frankfurt (-0.5%) and Paris (-0.4%).
& Info heavy, yields 2.40% – Closing of heavy week for Piazza Affari. “Dragged” down from Athens, the FTSE MIB lost 2.40% to 23,044 points. The spread between BTP-Bund rose to 140 points, closing the session at the highest of three months.
Athens Stock Exchange closed sharply down: -3% – The Athens Stock Exchange closed sharply bending the last session of the week. The index Ase leaves on the ground 3% on uncertainty over the outcome of the negotiations on the debt after the alarm launched Thursday by Finance Minister Yanis Varoufakis.
Greece: in cash only 2 billion for salaries and pensions – According to sources in the Ministry of Finance Greek coffers of Greece are only two billion euro to pay public salaries and pensions at the end of the month. Without an agreement with creditors, Athens will therefore have the money to repay about a billion IMF in May.
Moscovici: there is no plan B, reforms or default – On Greece “there is no plan B”. The European Commissioner for Economic Affairs, Pierre Moscovici, from Washington warns Athens, urging it to “speed up” in terms of reforms or risk default. The talks with Athens “were not precise enough. It is not that we are talking about nothing, but we are discussing now is the time to move forward,” he said in an interview with the Financial Times, noting that a “Grexit would be bad for the eurozone, for the Greeks and for the financial system. “
IMF: we do not expect Greece to exit euro -” We do not expect that Greece bait from euro “would impact” severe “on the Greek economy and would be a challenge for Europe, with possible effects on confidence that” should not be underestimated. ” This was stated by the head of the IMF’s European Department, Poul Thomsen. “I do not have detailed information on the liquidity” of Greece, but in June, July and August, the amount of payments that Athens will have to make will increase significantly and “serves an agreement before.”
Varoufakis: liquidity is ending – The liquidity in Greece is running out: the said Minister of Finance greek, Yanis Varoufakis, stressing that “Greece is not playing with a possible Grexit”, an output of the country from the euro. Greece hopes to reach an agreement with the euro area by the end of June, says Varoufakis, speaking in Washington at the Brookings Institute. Varoufakis says he is ready to accept all conditions if “make sense.” Europe must admit that the program has worsened the situation in Greece.
The meeting between Varoufakis and Dragons – “Draghi wants a solution soon to help Greece to grow.” This was revealed by Yanis Varoufakis, after the meeting with the president of the ECB, Mario Draghi, lasted an hour. Finance Minister greek said that Draghi has once again confirmed his “interest and that of the ECB to find a solution quickly and as effectively as possible to return to Greece on the road to growth.”
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