Greece is sinking further into the crisis the country was forced, Tuesday, June 30, to default on its vis-à-vis the IMF debt after asking for the time without success, an extension European financial assistance. Short of money, Athens could not honor the reimbursement of 1.5 billion euros owed to the International Monetary Fund , becoming the first industrialized country to default vis-à-vis the institution. Here follow, live, all the events taking place on Wednesday, July 1
Update:.
• Athens is deprived of access to IMF financial resources.
• Athens sent a new proposal to creditors.
• The Eurogroup must resume late Wednesday afternoon.
• Greece may suspend the referendum
3:04 p.m.. The General Confederation of Private Workers (GSEE), the largest union in Greece membership, calls on the government to cancel the planned referendum Sunday on austerity measures proposed by the creditors . “The referendum question is factional and divisive (…) we are now calling for its withdrawal”
3:02 p.m.. The referendum that wants to organize Sunday the Greek Government does not meet the “standards” set by the Council of Europe, particularly because of the insufficient time between the announcement and its resistance, according to the spokesman of the pan-European organization.
2:44 p.m.: Francois Hollande let his irritation at dawn the new adventures of negotiations with Greece by running: “we must be clear, the agreement is now!” Adding: “As a European, I do not mean the breakup of the euro area”
1:08 p.m.. Greek Prime Minister Alexis Tsipras will contact the nation “shortly,” said the Greek news agency (Ana, semi-official), citing government sources
1:03 p.m.. The euro area “can resist “,” what is happening in Greece, “says the Commission. Minutes later, it is the German Chancellor Angela Merkel, who abounded in this direction asserting that “the future of Europe is not involved” in the Greek crisis.
12:17 The German Finance Minister Wolfgang Schäuble called on Greece to “clarify its position” before any new negotiations on a bailout of the country, and believes that there is at present “no basis” to discuss seriously
12:15:. The Greek Government confirms having sent to creditors, “a new proposal which includes a series of amendments” to theirs, accompanied by a letter from Prime Minister Alexis Tsipras addressed Tuesday night in the EU, the ECB and the IMF
11:40. Greece said he was “ready to accept the” reforms of its creditors, but under conditions, according to European sources
11:14. The Paris Bourse further increases its gains and briefly takes over 3%
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10:50: Near Greek in two (46%) intends to vote no Sunday in the referendum on the proposals of creditors (EU, ECB, IMF), but the percentage has fallen since the establishment of banking supervision, according to a survey Prorata for the leftist daily Ephimerida your syndakton (left), which was conducted between Sunday and Tuesday
10:42. The market sovereign debt in the eurozone remains relatively stoic Wednesday morning . Shortly before 10:00 (0800 GMT), the 10-year rate of Spain stood at 2.251% against 2.301% yesterday on the secondary market, where trade debt previously issued by states. For its part, the 10-year rate of Italy flowed at 2.289% against 2.334% yesterday. Countries judged stronger eurozone saw their rates for their part stabilize, indicating that risk aversion was little pregnant on the market. The 10-year rate in Germany stood at 0.773% against 0.764% yesterday, that of France at 1.198% against 1.195%. However, the rate of Greece remained under pressure, 15.639% 15.424% against the previous day
10:10. British Finance Minister George Osborne press the Greece and its creditors to find a way out of the current uncertainty, saying prepare “for the worst”.
9:51 The spokesman of the President of the Eurogroup Jeroen Dijsselbloem indicates that a new telephone meeting of finance ministers of the euro area devoted to the Greek crisis, originally scheduled for Wednesday morning, postponed to 17:30 (1530 GMT). The Eurogroup should discuss a new application for financial support made Tuesday by Athens, which failed in the night due to repay 1.5 billion euros to the IMF.
9:35 : Paris Stock Exchange bouncing (+ 1.16%) in a market that should remain suspended further negotiations between Athens and its creditors. At 9:35 (7:35 GMT), the CAC 40 index took 55.46 points 4845.66 points seeking to regain lost ground the previous day when he had lost 1.63%.
8:36: The French Finance Minister Michel Sapin hoped, on RTL, a deal with Greece before Athens Sunday a referendum called to endorse or reject the proposals of its creditors. The minister denied wanting to “avoid the referendum” Greek, while recognizing that a victory of the “no” in this election was “the risk that slides toward the exit of Greece from the euro.”
8:32 The euro is stable against the dollar Wednesday in a wait-market. Towards 0600 GMT (0800 in Paris), the European single currency was worth 1.1136 dollars, against 1.1139 dollars on Tuesday at around 2100 GMT.
8:06 The Tokyo Stock Exchange finished up Wednesday pending new developments after the failure to pay Greece, as investors hailed the rebound in confidence of major Japanese industries according to the survey “Tankan”. At the close of trade, the Nikkei 225 blue chips gained 0.46% (93.59 points) to 20,329.32 Points
3:10. A young Columbia has raised 450,000 euros at night through a participatory financing transaction, or crowdfunding, launched in the hope of collecting 1.6 billion euros to save the Greece of default to the IMF
0:15. Greece defaults on its vis-à-vis the IMF debt (Official) .
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