“I have explained Mr Draghi that our government is convinced incontrovertible fact that there is no” business as usual “may be more in Greece,” Varoufakis said after the meeting at the European Central Bank in Frankfurt.
“This is also true for the (EU) program that the crisis in our country and fueled a serious has caused humanitarian crisis. “The conversation had given him hope Varoufakis said, without going into detail on the content.
ECB rejects proposals apparently from
Draghi initially did not comment. However, hearing from central bank circles that the ECB refuses to previous proposals Athens in the fight against the crushing debt load. . Thus, the ECB is reportedly unwilling to extend the terms of Greek loans
In addition, wants the Fed the current ceiling of 15 billion euros for the issuance of short-term money market instruments (“T-Bills”) does not – as required by the Greek government – increased by ten billion euros. Thus, the new Greek government wants to Prime Minister Alexis Tsipras finance for several months, until a more comprehensive scheme with the debtors of the country is under negotiation.
Utility runs out soon
end of the month running the utility of the country. Greek banks could no longer be lodged as collateral for central bank money at the ECB Hellas government bonds. Without an extension of the program a panic in the markets of Greece may already drifting into bankruptcy before the summer is pending the repayment of some larger loans.
On Thursday wants to Varoufakis in Berlin with German Finance Minister Wolfgang Schäuble (CDU) meet .
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