Anger at Hellas referendum – Euro Group advises “Plan B” – Reuters Germany

       

– Lefteris Papadimas and Andreas Rinke

       

Athens / BRUSSELS (Reuters) – The Greek government’s plans for a referendum on the reform proposals of the creditors come in many euro zone countries to sharp criticism

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The Finnish Finance Minister Alexander Stubb called on Saturday before the start of a crisis meeting in Brussels that “Plan B” should now become the “Plan A”. He thus suggested that the heads of departments should employ as an extension of the assistance program rather with preparing for a Greek default. Euro group chief Jeroen Dijsselbloem described the announcement of a referendum in Greece as “unpleasant surprise”.

       

Tsipras said in a televised address on the night, in the Sunday referendum scheduled in a week, the people should vote on the reforms that would be required by creditors. He will ask the donors, so the leaking on Tuesday aid package to extend by a few days. By contrast, said his finance minister Yanis Varoufakis told Reuters that it is about “a few weeks”.

       

Tsipras campaigned among citizens for a rejection of the proposals. He also promised to abide by the result. His government had been set by the creditors issued an ultimatum that was incompatible with the European principles in. The 40-year-old left politicians spoke intolerable burden on the citizens, which would strengthen the social imbalances.

       

Whether the government can meet its obligations in the new week is uncertain. On Tuesday not only the utility and thus the access to aids totaling 18 billion running out, but there is also a referral to the International Monetary Fund in the amount of 1.6 billion euros due. A crucial role is now coming to the European Central Bank. They approved every day emergency loans for financial institutions in the country.

       

The donors want to impose reforms in return for help to make the Greek economy more competitive. Thus, the budgetary situation should improve. Among other things, pension and labor market reforms and tax increases will be required. These measures, however, are hated in the highly indebted country. Tsipras was elected with the promise to end the austerity. While he described the claims as blackmail, saying Chancellor Angela Merkel and French President Francois Hollande at the EU summit on Friday by a generous offer. Merkel, Hollande and Tsipras phoned on Friday night again.

        
       

Schäuble: SURPRISES IN GREECE never rule Continued …