VIDEO – Creditors are willing to reopen negotiations. Jean-Claude Juncker, he openly supports the ‘yes’ in the referendum.
This time, we are. For weeks extraordinary Eurogroup special European summit, the dated Tuesday, June 30 was held up as the fateful date. It’s Tuesday evening qu’expire the European aid plan initiated in 2012. And that disappears with it the possibility for creditors of Athens, to pay the remaining 7.2 billion euros was conditioned an agreement on savings measures. This is also what 30 June that Greece may find itself in default if it fails to repay the International Monetary Fund (IMF) the maturity of € 1.5 billion due date.
And yet, this deadline was swept by the July 5 Alexis Tsipras imposed out of his sleeve the referendum card. We now know the matter referred to the approximately 10 million Greek voters. In short: “Do you approve the savings measures proposed by the creditors’ costs in exchange for money? Greek voters as European leaders are not mistaken. “The Greek referendum will not be a derby against Tsipras European Commission, but against euro drachma. That’s the choice, “summarizes Italian Prime Minister Matteo Renzi on his Twitter account. Same story in Brussels: “A ‘no’ would mean, regardless of the question asked, which Greece says ‘no’ to Europe,” says Jean-Claude Juncker, President of the European Commission
Preview of Grexit
The European leaders who negotiated unsuccessfully for more than five months with Alexis Tsipras and his finance minister Ianis Varoufakis are now turning to Greek voters. Better, some of them, starting with Jean-Claude Juncker, are openly campaigning for the yes. “I ask the Greek people to vote yes, whatever the issue,” argues the head of the EU executive. And accusing at a press briefing, the Tsipras Varoufakis-duo to have left the negotiating table on Friday night in Brussels while discussions were not completed. Juncker, who has published on the Commission website ten pages of the draft agreement says that the “full package” would have approached “the sustainability of the Greek debt.” In other words, the creditors were ready to make offers on the renegotiation of the debt, Alexis Tsipras campaign promise.
From which side the majority of Greeks? Indications exist. Two surveys, conducted on the European proposals late last week, that is to say, before the surprise announcement of the referendum, published in the Greek press, give 60% yes. Creditors rely on fear of Grexit, the output of the euro, to push voters to repudiate their premier.
The bank closure and capital controls put in place give the Greeks a Monday foretaste of paralysis and chaos that could lead to forced abandonment of the common currency. These exceptional measures prevent for now a phenomenon of bank runs that would be the first cog in the gear uncontrollable leading to the collapse of banks and the Grexit. The device will poison the daily life of the Greeks for a week and maintain the anxiety about the post. But in the immediate term, it makes time pending the popular consultation on Sunday.
A window remains open
This in-between, several European leaders want to use the final negotiations to restart. Francois Hollande, in particular, is on the line. To give it more weight, it is in talks with Barack Obama and both are “agreed to combine their efforts to promote resumption of talks.”
Paris believes that before Tuesday night, a window remains open. Europe appears however react to gamble Tsipras, fragmented. And with a bit of cacophony; in the morning, the Vice-President of the European Commission, the French Pierre Moscovici, had announced on the radio that his boss, Jean-Claude Juncker, would make new proposals. At midday, when the boss of the Commission spoke, it was no question of any new offer. Juncker was rather harsh words, considering himself “betrayed” by Alexis Tsipras.
Meanwhile, Angela Merkel, whose voice is predominant in this Greek tragedy, also expressed support for a return to the negotiating table. But only after the referendum.
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