Greece will be well into default at midnight tonight. The Greek Finance Minister Yanis Varoufakis confirmed that the country can not pay its Tuesday deadline 1.5 m euros from the IMF. The minister, waited by the media at the entrance of his ministry, was asked if the payment would take place. “No,” said he laconically replied before going to his office.
The Greek prime minister, Alexis Tsipras, however consider the offer last minute put forward by the European Commission last Friday, Saturday and made public in order to reach agreement on a package of reforms in exchange for financial assistance of 15 billion euros, reported Tuesday the Greek daily “Ekathimerini” and the Greek television channel Skai TV.
The President of the European Commission, Jean-Claude Juncker, proposed Monday to Greek Prime Minister Alexis Tsipras, a solution “last minute” likely to unblock a deal on the bailout of the country, by which Alexis Tspiras accept that plane and creditors would agree to call the Greeks to endorse this text in Sunday’s referendum, which would allow the holding of a by then Eurogroup meeting.
A Eurogroup could be convened
Jean-Claude Juncker, who spoke to him Monday by phone, as well as propose Greek Prime Minister sends a letter by midnight tonight, the President of the Eurogroup Jeroen Dijsselbloem, and German leaders, Angela Merkel and French, Francois Hollande, “accepting proposals Saturday the three institutions “, creditors, ECB, IMF and EU. The “parameters” of such a solution, according to Jean-Claude Juncker, “would include a response to the financial needs of the country and the question of debt sustainability” in exchange for commitment Greek government to campaign for the yes vote, said a spokesman of the Commission. In this case, a meeting of the 19 finance ministers of the euro area -l’Eurogroupe- could be called “to adopt a declaration on the basis of the lines already explained to Mr. Tsipras’ , a- does one European source said.
Greece has not yet officially responded to the offer last chance submitted by creditors to unlock financial aid, but contacts are ongoing, said Tuesday the European Commission.
“The services of the Prime Minister said in Brussels that they were examining the new proposal made yesterday by the President of the Commission European, which includes debt relief in October and changes in the EKAS device [the bonus granted to the poorest pensioners] “ says” Ekathimerini “without citing sources.
The support within Syriza?
The current aid program expires enjoyed by Greece on Tuesday and, without further assistance, Greece seems unable to repay 1.6 billion euros owed to the International Monetary Fund (IMF), and thus diving into the “default” payment with respect to the international institution.
Lawmaker Syriza, Stelios Kouloglou, ruled that “Juncker initiative must be seized” , in an interview with Greek radio. He said that “the presidents of all parliamentary groups in Brussels” had prompted Monday Juncker “to resume negotiations to reach an agreement even at the last moment” .
The Paris Bourse is bullish and gained 0.29% as a result of this information.
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