Monday, July 6, 2015

The ‘no’ in Greece: if you missed the start – Liberation

Sunday, Greeks voted 61.31% for the rejection of the proposals of the creditors of the country, the European Central Bank, the European Union and the International Monetary Fund. We came back on what has happened so far; AFP summarized since it happened.



Sunday, July 5

• The Greeks clearly rejected in a referendum in late June the proposals made by the country’s creditors (ECB, EU, IMF), the non-winning with 61.31% of the vote.

• Alexis Tsipras, victorious, assures his compatriots that the referendum result does not score at all “a break with Europe” but “strengthening the bargaining power” of his government. He states that “this time the debt will be on the table” of these negotiations.

• But the Minister of Economy and German Vice Chancellor Sigmar Gabriel judge “difficult to imagine” new negotiations under these circumstances, stating that Alexis Tsipras “cut the last bridges” between his country and the European Union. For its part, the Slovak Minister of Finance considers an exit of Greece from the euro area as “a realistic scenario.”

Pages our articles on the Greek referendum here

• The German Chancellor Angela Merkel and French President Francois Hollande “agreed” that we need to “respect the vote “ and the Greeks call a summit of the euro area. This one is convened for Tuesday at 18 am in Brussels. European Commission announces “respect” the referendum result.



Monday, July 6

• Alexis Tsipras, the first leader of a radical leftist government Europe decided to sacrifice his Minister of Finance Yanis Varoufakis. It said it had been informed of the “preference of some members of the Eurogroup and” partners “involved (…) for (his)” absence “of meetings; an idea that the prime minister considered potentially useful to obtain an agreement. “

• The Deputy Foreign Minister, Euclid Tsakalotos, also coordinator of negotiations with creditors Greece, was named finance minister to succeed Yanis Varoufakis.

• The closure of banks included is extended until Wednesday, according to Greek news agency.

• Berlin believes that the conditions are not “not met for negotiations on new aid for Greece” and refuses to discuss a debt restructuring. The head of the Eurogroup and Minister of Finance Netherlands, Jeroen Dijsselbloem, said that the victory of non “does not approach (Europe) of a solution” with Athens.

• Spain is favorable to negotiations for a “third bailout” of Greece, which must remain in the euro (Economy Minister).

• Vladimir Putin expressed “support to the Greek people,” indicates the Russian presidency after a telephone conversation with Alexis Tsipras. Kremlin spokesman said that Greece can hope to find a “compromise” with creditors.

• In the afternoon, Alexis Tsipras agrees with German Chancellor, during a telephone interview on the principle that Athens presented proposals at the EU summit. Leaders from major Greek parties agreed to develop “common text” Support negotiations for an agreement within the European framework, according to the Defense Minister .

• According to the German Vice-Chancellor, the leaders of the eurozone will probably look into “humanitarian aid” to bring to Greece.

• The International Monetary Fund (IMF) is ready to help Greece “if we, upon request,” says its executive director Christine Lagarde.

• Meeting call the Board of Governors of the European Central Bank (ECB) to decide on the fate of ELA emergency loans to Greek banks. The ceiling is maintained, but for the first time since the arrival in power of Syriza, the ECB tightens the conditions for the grant.

• In Paris, François Hollande receives Angela Merkel for a meeting and dinner of work. The two leaders leave “the door open to discussions,” but call Alexis Tsipras to “serious proposals” to find a solution to the crisis.

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