The leaders of the European Union undertake, Monday, July 6, extensive consultations to assess the consequences of the “no” massive Greek referendum on the plan by creditors and develop a strategy for the future. After the victory of the “no” with 61,31% according to the final results, the uncertainty about maintaining the Greece in the euro area. Sunday night, Berlin on one side, Paris and Rome on the other, did not seem to phase the reaction to be made, and Athens pretended to see no problem on his return on Monday to the negotiating table. Here, live, the events of Monday, July 6 ( Find the place of Sunday’s events here )
IN BRIEF
- Failure to creditors of proposals from the Greece on new austerity measures won with 61.31%.
- The Greek Finance Minister Yanis Varoufakis announced his resignation. He was replaced by Euclid Tsakalotos.
- Tsipras and Merkel agreed that Athens present proposals to the European summit on Tuesday.
5:43 p.m.: European stocks loosen. The main stock markets ended the session on Monday down:
– London -0.76% at 6535.68 point
– Frankfurt -1.52% at 19,673.56 point
– Paris: -2.01% , point to 4,711.54
– Lisbon: -3.81% at 5366.84 point
– Milan: 4% to 21601 Points
5:33 p.m.: The Deputy Foreign Minister, Euclid Tsakalotos, also coordinator of negotiations with creditors of Greece EU and IMF , was appointed Minister of Finance Greek government to succeed Yanis Varoufakis, who resigned after the referendum, says the Presidency of the Republic.
This discrete economist antithesis of iconoclastic personality Yanis Varoufakis, sworn in at a ceremony at 8:00 p.m. local (1700 GMT), according to a statement from the presidency. He will participate Tuesday in its first meeting of finance ministers of the eurozone (Eurogroup) in Brussels
& gt;. & Gt; Read: Tsakalotos it replaces Varoufakis Greek diplomat to negotiate with Brussels
5:27 p.m.: “It is Greece to decide whether to stay in or not the euro zone if it wants or not external assistance under the conditions that the rules of the euro require, “said Portuguese Prime Minister Pedro Passos Coelho. The result of the referendum “shows clearly that the Greek people are not interested in the framework set for the negotiations that took place between the institutions of the troika and the Greek government. We must respect this will,” added the head of the center-right government. “Now is the Greek government to know where he wants to lead his own country. Neither Portugal nor any other EU member country has the right to impose a solution to Greece”, he has said, quoted by Lusa agency
5:24 p.m.. The Governing Council of the ECB held from 1600 GMT (18 hours in France) a telephone meeting to decide the fate of ELA emergency loans to Greek banks. The guardian of the euro has to decide on ELA loans, capped at 89 billion euros since the end of June, after the non-Greek voters Sunday the reforms proposed by the creditors
16.30.: “We are monitoring the situation and we stand ready to help Greece if in fact we demand,” said the ruling in a very short statement, adding that the IMF had “taken note” of the referendum Sunday
4:24 p.m.. Leaders from major Greek parties agreed to develop “a common text” support for negotiations between the government and Tsipras creditors countries, for an agreement within the European framework, said the Defense Minister Panos Kammenos. This agreement should also resolve “the issue of debt sustainability”
3:36 p.m.. The leaders of the euro zone at their summit in Brussels on Tuesday will likely address “humanitarian aid” to make to Greece, according to German Vice Chancellor Sigmar Gabriel. On the night the European Parliament President Martin Schulz had also held that a “humanitarian aid program for Greece” should be on the menu Tuesday Discussions
2:39 p.m.. Greek Prime Minister “was agreed on Monday during a telephone conversation with German Chancellor Angela Merkel to Athens this Tuesday at the EU summit, the proposals of the Greek Government” to conclude an agreement with creditors, EU and IMF
1:54 p.m.. Russian President Vladimir Putin expressed the Greek Prime Minister Alexis Tsipras support “to the Greek people” face the “challenges ahead” according to the Kremlin
1:36 p.m.. The head of the Eurogroup Jeroen Dijsselbloem believes that the victory in the referendum in Greece “does not approach (Europe) of a solution” with Athens
1:12 p.m.. The European meetings scheduled Tuesday in Brussels must “indicate a definitive way” to solve the problem of Greece , said on his Facebook account Berlusconi, Matteo Renzi
1:05 p.m.. The risks of contagion from the Greek crisis to other countries in the eurozone are limited, judge the German federation of private banks
1:02 p.m.. The stability of the euro area “is not at stake,” said vice president of the European Commission responsible for the euro, Valdis Dombrovskis
12:54. With this result, “Merkel lost Germany lost, including the Social Democrats,” said Benoît Hamon, hence “a possibility to resume leadership for Francois Hollande.” “The nationalist and liberal forces in Europe have the same goal: remove Greece from the euro zone, which would lead to the disintegration of Europe” according to the representative of the left wing of the Socialist Party, MP and former minister.
12:34 Greek Prime Minister Alexis Tsipras Monday held talks on the phone with Mario Draghi, President of the European Central Bank, and with Russian President Vladimir Putin, according to Greek government sources. For its part, the Greek head of state Prokopis Pavlopoulos had a telephone conversation in late morning with Francois Hollande. These interviews took place during a break of the meeting of leaders of all Greek parties convened by Alexis Tsipras under the aegis of Prokopis Pavlopoulos. Sunday evening, after the announcement of the victory in the referendum, Alexis Tsipras had already talked on the phone with François Hollande
12:22. “We have all the necessary tools to ensure the financial stability of the euro area (…) it is very clear that we are capable of defending “the single currency, stressed Dombrovskis, Vice-President of the European Commission responsible for the euro, . noting that the referendum result was “clearly complicated matters” to keep Greece in the euro area
24:14 “I absolutely do not envisage Greek exit from the euro. ” “We all want Greece does not leave the euro,” said the Spanish Minister of the Economy, Luis de Guindos, adding that Greece was however “enforce the rules” European deficit reduction and debt . Furthermore, he explained that Spain is willing to negotiate with the other countries of the euro area a “third bailout” of Greece, but warns that the reforms are “inevitable.”
11:58 The “terms for negotiations on a new assistance program” are not met, given the “decision yesterday of Greek citizens” said the spokesman of German Chancellor Angela Merkel, Steffen Seibert. Steffen Seibert, also says that mattered were “positions, not people” without commenting further on the resignation of the Greek Finance Minister Yanis Varoufakis. He added, in response to a question, “believing that it had not” raised particular feeling at Angela Merkel. “Greece is a member of the eurozone, it is up to Greece and his government to ensure that it remains so,” said the press spokesman for Chancellor Angela Merkel. A spokesman for the Ministry of Finance held his side there was “no reason” to discuss a Greek debt restructuring.
11:34: “. The Eurogroup will discuss the situation after the referendum held in Greece on July 5 Ministers expect further proposals from the Greek authorities,” indicated Eurogroup in a statement
10:05. The Economy Minister Emmanuel Macron rejects the appeal to the European Union by Alain Juppe to arrange the release of the Greece of the euro area. “There is a collective responsibility in terms of solidarity and refinancing,” added the minister who called, before the result of the vote on Sunday to “resume political talks” with the Greece “whatever” the referendum
9:03. Former Prime Minister Alain Juppe (Republicans) calls on the EU to “organize “exit of Greece from the euro area” without drama “
8:50. This is the” Greek government to make proposals, “said Michel Sapin on Europe 1 for the first official French reaction to non-Greek, saying that everything would be subject to a common position between France and Germany. The minister stressed that “it is Greece that is in difficulty” adding that “it is the government of Mr. Tsipras make proposals as soon as possible from which we can reopen discussions”. The “cord dialogue” between Athens and creditors, “very tenuous”, is held by France, the head of Jean-Claude Juncker Commission and the Eurogroup Jeroen Dijsselbloem, he continued. The level of liquidity provided by the ECB to Greek banks “can not be lowered,” he has said elsewhere
8:06. Tokyo Stock Exchange ended in sharp decline after the non-Greek. At the close of trade, the Nikkei 225 blue chips dropped 2.08% (-427.67 points) to 20,112.12 points after falling nearly 2.6% during the session.
7:38 The Finance Minister Yanis Varoufakis announced his resignation. “Shortly after the announcement of the referendum results, I was informed of a certain preference of some members of the Eurogroup, and ‘partners’ associates, (…) for my absence’ meetings , an idea that the prime minister (Alexis Tsipras) considered potentially useful to obtain an agreement. For this reason I left the Ministry of Finance today, “he explained on his blog.
7:09 The British government acknowledges “the decisive opinion” expressed by the Greeks in Sunday’s referendum, ensuring that he “will do everything necessary to protect” its economy, according to a spokesman for Prime Minister David Cameron
7:06. dry How can government pay salaries and pensions, or pay suppliers, if it is dry? By issuing “IOU”, a sort of temporary ersatz currency, which the Greece may be forced to use if the situation does not release. The acronym “IOU” literally means “I Owe You”, “I owe you” or “I need you.” This is nothing short of a written promise to pay, an IOU issued by a debtor who for one reason or another, has no cash.
6:04 The leaders of the eurozone will meet Tuesday in Brussels for a summit on the consequences of the victory in the referendum in Greece, a result was “very regrettable” Sunday evening by the head of Eurogroup Jeroen Dijsselbloem. For its part, the European Commission “notes and respects” the vote, according to a short press
3:33. The massive non Greeks to the pursuit of a drastic austerity imposed from outside is both “a political victory” for the Greek Prime Minister Alexis Tsipras and “an earthquake” for Europe, say the editorialists
2:17. The creditors not to the proposals of the Greece on new austerity measures won with 61.31% against 38.69%, according to final results. The participation stood at 62.5%
1:43. The euro limit its decline and rise above $ 1.10 in early trade in Asia, after falling to 1.0963 dollars in the wake of the clear rejection of the plan by the Greeks of the creditors of their country in Sunday’s referendum.
(With AFP)
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