Saturday, July 4, 2015

Greece towards the referendum. Varoufakis: “Creditors terrorists”, fear of … – The Republic

MILAN – The Greek account holders must really fear for their savings? Already blocked by the freezing of emergency stores and with water in the throat because the liquidity in the Greek banks will last at most until Monday, investors fret see the specter of a compulsory levy on deposits. An element of tension in the most hot eve of the referendum on the plan proposed by international creditors in Athens, around which plays a large part of the future of the country and the consequences of which will be broadened to the whole Union. A vigil also warmed by the words of Finance Minister greek, Yanis Varoufakis, accusing Greece’s international creditors of “terrorism”. In an interview to Mundo, adding: “What Brussels and the Troika want now is to win the ‘yes’ so that they can humiliate the Greeks.”

The tam tam on c / c started with the indiscretion of Financial Times , according to which institutions Greeks prepare themselves to plans ‘bail-in’, that is restructuring with the direct involvement of shareholders, creditors and depositors. According to sources of the newspaper of the City, “at least one bank” would be thinking seriously of cutting by 30% the value of deposits above the 8 thousand euro to recapitalize the banks themselves; projects that the same Varoufakis has branded as “slander”.



The position Varoufakis. The finance minister wrote on his Twitter account that the article “is a slander that the Director of the Association of Greek banks has denied this morning.” “It would be part of a complete restructuring of the banking sector, after the resumption of the aid program for Greece,” said one of the sources cited by Ft . In the case of the Cyprus crisis, the restructuring of banks participated ic / c over 100 thousand euro, under which deposits are guaranteed; the threshold is on the other hand that indicated by the EU directive, which renewed the orderly bankruptcy of lenders, and whose implementation was started in Italy in recent days.



Renzi, Italians need not fear . “Italy is not afraid of specific consequences on our country: 3 or 4 years ago we were the problem together with Greece, we were fellow sufferers, now no longer the case thanks to the reforms and to restart the economy. We are on the side of those who try to solve the problem, we are no longer the problem, “said Prime Minister Matteo Renzi to TG5. “Even the money set aside for Greece – he explained – are already counted in the income of the debt. So, the Italians do not have to be afraid. Of course there is a political issue, the situation is complex, but we stop telling the ‘ Italy as the sick man of Europe. We are no longer the sick man of Europe “.

Greek banks. Most Greek banks are closed on Monday, with citizens who may take up to 60 Euros and some counters reserved for pensioners, whose chunk of money is limited to € 120 every three days. The same director of the bank, Louka Katseli, said that in case there is only 1 billion: just until Monday, then we must see if the ECB will increase or not the emergency liquidity pumping into the financial system greek . Another element that turns the wait for the referendum tomorrow: from 7 to 19, the Greeks will be called to the polls to accept or reject the reform proposals put forward by creditors in exchange for a new aid plan (the referendum: do you vote and what happens next). Also depending on the outcome, Mario Draghi will understand how to deal in Athens board already on the agenda for Monday.

polls. The uncertainty is greatest, and surveys speak of a country split, although it seems clear majority in the share of those who want to remain in the euro and all the European chancelleries have been made across the message that the vote on Sunday is just a choice between staying in the Eurozone and output. Even the streets of Athens were split in two major events of the day before; in that the ‘no’ the prime minister, Alexis Tsipras, has launched its latest appeal urging to vote “against the diktat”. In Italy, Cgil, Cisl and Uil to write a joint appeal to “bring together all the efforts to strengthen the permanence of Greece in the EU, allowing a debt restructuring with the times in order to allow more flexible and re-establish a sustainable growth path “.

Arguments:
referendum greece
Greece
Greek crisis
Athens
Starring:
Alexis Tsipras
Yanis Varoufakis

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