The wrath of the chancelleries “Alexis has betrayed everyone now is looking for … – The Republic

brussels. In the corridors of the European palaces he felt mutter a single sentence: “With Greece we are on the edge”. The repeated officials and sherpas. If the leaders said on the sidelines of the EU summit, the whispering of the finance ministers on the eve of the Euro today. According to many the last chance to find an agreement before the default greek, inevitable July 1. But there were those who already preparing a sensational extra time just when the negotiations on the Belgian capital, late in the evening, has fallen the news of the referendum called by Tsipras.

In a few thought that the ministers today would be able to reach an agreement to save Greece. In addition to the numbers in the field there are the characters, the resentments, fears and anger of the protagonists of a negotiated blocked for months. Many say that the Merkel yesterday in secret meetings with colleagues express comments very hard against Tsipras. And the Chancellor is the one who most of all want to save Athens. As Juncker and Draghi, in turn tired of greek government accused by everyone to keep changing the tables but then shift the blame on Europe. Not to mention the IMF.

Twenty-eight in the discussion at Thursday night some leaders were very hard. Like Spanish Rajoy, the Taoiseach Enda Kenny and the Portuguese Coelho, united from having made the sacrifices requested by the troika and does not want to concede anything to Tsipras not to give breath to the populists of their countries. Even those who support Greece, as Renzi and Hollande, is irritated by his attitude. But the question posed in the closed summit by Austrian Faymann on what would happen today if the ministers had failed, no one was willing or able to respond.

Eurogroup are facing Schaeuble, according to many convinced that the Grexit It would do well at all, and the greek Varoufakis, discouraged and poorly tolerated by other ministers. For this it was difficult to hope that today could reach an agreement that would save Athens until autumn. Then around midnight Tsipras announced the referendum on the package proposed by the creditors, implicitly on the permanence of the euro, because hardly have closed a deal in Europe and even more difficult in Parliament would find a majority that would vote. It becomes even more sense to plan for that Brussels was considering to extend negotiations until the beginning of July if there was a glimmer of success.

At this point to say whether Greece will remain on board the ‘ EUR will have to wait until July 5, the date of the referendum and after the deadline of 30 June, the last day before the bankruptcy. If the Europeans will stay there – in 2011 Papandreou was made to resign in order to avoid a referendum – you might try to avoid that markets should sweep all hope decreeing them the default before the vote. To prevent the bank run in the uncertainty of the referendum result, Greek banks would be closed and it would let in only function ATMs with a maximum of 200 € withdrawal per day. Greece would be sealed with the blocking of the capital, the IMF should move the term of payments of Athens and the ECB should find ways to pay even emergency liquidity (Ela). Hoping that the shield can withstand, you might as well recycle the plan that Europeans were studying to extend the negotiations and give time to the Greeks to express themselves.