The Minister of Finance greek Yanis Varoufakis said that he will resign if he wins the yes in the referendum on Sunday on the proposal of the creditors to Greece. Weak markets today waiting for the verdict of the vote.
In an interview with Bloomberg TV, Varoufakis has placed negatively when the reporter asked him if he will still be in place on Monday evening in case of victory of the yes. If the No win, added Varoufakis, will start talks on a new agreement and “believe me, there will be an agreement.”
The minister also accused Europe of “having taken the political decision to close the banks “to force the Greeks to accept an agreement is not sustainable.
The Greek banks ‘open regularly Tuesday,” next, then asicurato Finance Minister greek, adding that banks are Greek’ well capitalized “.
IMF. Greece would need new funding to 50 billion euro (56 billion dollars) until 2018 to meet all’insostenibilità of its debt. The IMF says in a report. The report, published on the website of the Fund, makes an analysis of the greek debt and was prepared just before the failed agreement in the last hours and the default of Athens against the IMF. “These latest developments – it is emphasized – will certainly have a further economic and financial impact significantly negative” on the Greek situation. Why – it is stressed – “Greece is precluded from getting new aid until it has paid in full its arrears with the Fund.” The report says as according to the IMF creditors should offer discounted interest rates to Greece and an extension of the period for the repayment of loans.
The yellow of the survey. The survey attributed the company Gpo and published by Kathimerini, who saw advantage in the yes in the referendum on Sunday in Greece, has been refuted by the same company. “I do not
We have no responsibility for the figures published by the media and we will use all legal means to protect our interests, “the company has announced in a statement, referring to a survey from which the yes for the first time appeared in the lead. Yesterday, however, a poll conducted by a newspaper close to the premier greek, Efimerida, had calculated a 46% no, compared to 37% yes.
Athens until yesterday had tried to revive demanding new negotiations, but in Berlin it’s too late: it is not before the vote. The premier greek Alexis Tsipras insists, however, and claims to want an agreement with creditors, who also accused of blackmailing Greece. Then reiterates its call to vote no to the proposal of the creditors in the referendum on Sunday. No one, however, that – precise Tsipras – not against Europe and does not mean leaving the euro.
Prime Minister Matteo Renzi, yesterday in Berlin where he met Angela Merkel, criticized the decision to call a referendum : an error, Greece face reforms. In the night phone call between Renzi and Barack Obama: “All work to bring Greece on a road
and financial reform. “
But Tsipras did not retreat and goes ahead with its referendum inviting again the Greeks to vote” no “and Europe freezes all negotiations. Until Sunday falls silent creditors, because any attempt to reach an agreement, even beyond the last minute, failed, and now expects the vote of the Greeks. Even the ECB is put in standby mode: has left unchanged the maximum level for the provision of emergency liquidity assistance (ELA) to Greek banks, which was set at 89 billion.
The Merkel has decided to go and see the way the game you’re playing Tsipras, by convening a consultation risky, with an uncertain outcome and the consequences that no one can predict. For that creditors flinch, without closing the door but away from the arena in which these days has seen two political worlds collide and two different ways of thinking about Europe.
Save the Greece is no longer, for now, their problem: “The EU is not able to help anyone against his will,” warns President Donald Tusk. The European Commission President Jean Claude Juncker has also tried to collect the latest proposal of Tsipras contained in a letter arrived near the end of the program in which it reiterated the stakes on tax and pensions. The Commission, also in the program has expired, would have assessed and perhaps incorporated in a possible new plan, that is, the third aid package that asks Tsipras. But Brussels can not move without the Eurogroup. To start negotiations on a new rescue plan calls first for the go-ahead, implicitly tied to the green light of the Heads of State and Government.
Despite the opposition of Merkel to negotiate immediately a third plan, Athens probably could snatch at least one aperture or a preliminary green light. In return, however, would have to concede something: the withdrawal of the referendum or at least a change of line-up, pushing the Greeks to vote for yes.
Europe fears the consultation Greek because he sees the meaning exclusively political because, from a technical standpoint, the question is also not correct because “it is no longer on the table”, as noted Commission Vice-President Valdis Dombrovskis. So a victory not, it would be a real rejection of Europe.
Tsipras, however, decided to keep going on his way, and again yesterday in a speech to the nation renewed its invitation to a negative vote, that “does not mean saying no to Europe but to return to a Europe of values” .
The agency Moody’s meanwhile cut its rating of Greece to ‘Caa3′ from ‘Caa2′. The rating remains under review for further possible downgrade. “Without the support of official creditors, Greece will default on debt” held by individuals, said the rating agency. The announcement of the referendum has further increased the risk for private creditors, says Moody’s. A victory of the no to the referendum “probably would increase the risk of an exit” of Greece “from the euro, which would result in significant losses to the creditors of the private sector.” If Greece wants to continue to maintain the obligations to official creditors and private institutions in the coming years, “need to reach a lasting agreement with its official creditors.”
No comments:
Post a Comment