Sunday, June 28, 2015

Greece to liquidity risk. Tsipras: tomorrow’s banks and stock market closed … – Il Sole 24 Ore

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This article was published June 28, 2015 at 18:07.
The last change is the 28 June 2015 at 20:15.

The premier greek Alexis Tsipras announced that tomorrow the banch egreche will be closed. The prime minister spoke after a meeting of the government that has fatot the situation; over the weekend it was estimated that 1.3 billion Euros were withdrawn from ATMs Greeks. Was founded risk of a bank run tomorrow, as to derail the banks Hellenic.

“I appeal for calm, said Tsipras, the deposits are safe.” The Greek premier added that neither the ECB nor the other will hinder the decision to hold a referendum. Tsipras accused the ECB of having pushed the closure of banks, given the decision to Brussels not to increase aid to banks Hellenic. “Any attempt to erase the democratic process is an insult to a disgrace to the European democratic traditions. I’m still waiting for a response to the request to extend aid to Greece. “

“The recent decisions of the ECB and the Eurogroup have one goal: groped to thwart the will of the people greek”. Writes Alexis Tsipras on Twitter stressing that “they will not succeed: happen ‘the exact opposite. The greek people resist ‘with even more’ stubbornness. ”

Padoan: Tsipras has abandoned talks unilaterally
We must use these days to find a positive solution. ” This was stated to Tg1 Economy Minister Pier Carlo Padoan, who insists: “It ‘was Greece to abandon unilaterally the table.” Padoan for a Grexit ‘and not’ desirable ‘.

The advances Varoufakis
The decisions of the greek prime minister had been anticipated from the interview Finance Minister Yannis Varoufakis. Called right on the possibility that the government imposes capital controls and closes banks tomorrow Monday, Varoufakis said today in an interview with the BBC, that “this is a matter on which we will work together in the night to the competent authorities, both here in Greece in Frankfurt. ” During the day the Foreign Ministry, however, released a statement to clarify that capital controls are not what the government would like it ‘is in line with the monetary union.

Varoufakis had clarified all ‘British radio station that will discuss with the ECB as “minimize the burden” for Greek citizens arising from the “refusal of Europe to secure our most basic democratic rights.” Speaking of “dark days” for the EU, the minister said that a monetary union “that fails to ensure the proper functioning of the banks – especially on the pretext that the greek people had the audacity to want to have their say its future – is the negation of the fundamental principle of the monetary union. ” “Both as a politician and as a European citizen, I find shocking the mere fact that there are such discussions in the context of a monetary union.”

Code at the counters, some already empty
Several ATMs are left without cash to Athens, while uncertainty about future developments of the Greek crisis prompts people to withdraw money. Only yesterday it was estimated that 700 to 800 million euro had been withdrawn from ATMs by Greek savers. The long lines were started in the night between Friday and Saturday, immediately after the announcement of Prime Minister Alexis Tsipras to hold a referendum on the proposal of Brussels.

Athens Stock Exchange closed
The Athens Stock Exchange will be closed tomorrow, financial sources said, given the difficulties they encounter in these times Greek banks since the pressure at the counters, which could push the government to strict controls on the movement of capital.

Phone Call Obama-Merkel
The US president, Barack Obama, has had a telephone conversation with German Chancellor, Angela Merkel, on the developments of the situation in Greece. The two leaders, reports the White House, agreed that ” crucial resume a path that will allow Greece to reform and growth within the eurozone. The economic team of the two heads of state will stay in “close contact” to “monitor the situation.” “It is essential to keep Greece in the eurozone”

Liquidity risk for tourists
Meanwhile, the German Foreign Ministry has recommended to the German tourists who this year will in Greece to “bring enough cash,” given that the country is on the brink of default. Berlin also invited the Germans to Greece, one of their favorite tourist destinations, to “keep informed on developments through the travel recommendations of the ministry and the press.”



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