The financial aid package to Greece will end Tuesday, June 30, announced Saturday the 27th President of the Eurogroup Jeroen Dijsselbloem, considering that the Greece has broken off negotiations. Athens had refused the proposals made by its creditors to avoid default and announced a referendum early July
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After a stormy meeting of the Eurogroup finance ministers of the eurozone, except the Greek Minister Yanis Varoufakis, will “ meet immediately to discuss the consequences “This decision brings the Greece default.
The creditor institutions (EU and IMF) in this country have made a proposal to extend the current program, subject to conditions. “ Unfortunately, despite efforts at all levels and the full support of the Eurogroup, this proposal was rejected by the Greek authorities who broke off negotiations unilaterally ” Friday night, according to a statement signed by all the finance ministers of the eurozone, except by Yanis Varoufakis
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Greece “ called ” a one-month extension of the current aid program in order to hold beyond the referendum scheduled for July 5. But his partners refused because “ any program must be followed by the budgetary effects economic terms and financial stability ” and “ if the Greek government is not prepared to accept “the proposals made to it,” then there is a credibility problem , “explained Mr. Dijsselbloem.
He recalled that he was “ the responsibility of the Greek government, whatever the situation, to meet its obligations to its creditors .”
The ability a Greek exit of the Eurozone nevertheless seems closer. The French finance minister, Michel Sapin, however, assured Saturday that the Eurogroup had not discussed this scenario, and the “fate” of Greece was to remain in the euro area.
Despite the refusal of the Eurogroup to grant an extension, Yanis Varoufakis does not give up: Greece ‘ continues to fight for there to be an agreement at the last moment by Tuesday , “he said. If such an agreement is reached “ we will say to the Greek people to vote yes ” in the referendum
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