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- The European Central Bank also allows to provide Greek banks with emergency loans. This permit is valid until Wednesday, then the Governing Council
- advises again. A large part of the Greek population is according to surveys for to accept the offer of the euro partners and the International Monetary Fund. The Greek parliament has decided that the people will vote next Sunday about it.
- SPD leader Gabriel criticized the government sharply Tsipras.
The European Central Bank (ECB) maintains the emergency loans for Greek banks to date of 88.6 billion euros. This tells the central bank after consultations with the Governing Council. A two-thirds majority in the committee could have stopped that. Thus, the financial institutions of the country remain for the time being alive – as long as the customer withdraw too much from their accounts and the banks dry up so
Given the dramatic development meet on Sunday afternoon in Athens, the Greek Council for financial stability, with Federal Reserve Chairman. Giannis Stournaras, Finance Minister Yanis Varoufakis and the fund for bank recapitalization. Topic of the meeting was the introduction of capital controls, so that the banks have to close temporarily and if cash payments are capped.
Many machines in the capital were empty on Sunday. Since the announcement of the referendum by the Greek Government in Alexis Tsipras on Friday night in many places people were queuing in front of the cash machine. The central bank had promised to fill them again. This obviously did not work everywhere.
The license is valid until Wednesday the ECB. Whether the Bank of Greece, the domestic financial institutions then allowed to continue to keep up with emergency money alive, is to be discussed again in the Governing Council on Wednesday. More to the so-called Emergency Liquidity Assistance here …
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Come capital controls in Greece
Finance Yanis Varoufakis spoke in an interview with the BBC whether on Monday to open the banks in Greece yet. The quote can be open but how practical are the plans – and whether it is a Plan B or to an actual project. On a question on capital controls Varoufakis said: “That’s something we have to work with the competent authorities in Greece and Frankfurt.” In a monetary union should anything be done to ensure that people have access to their bank accounts. “I have to work out what can be done to minimize harm to the people,” Varoufakis told the radio station. “Capital controls within a monetary union are a contradiction in terms,” he tweeted during the broadcast of the interview. “The Greek Government rejects the concept from itself.” The Minister also describes in his blog the meeting of the Euro Group on Saturday, in his view.
Foreign Office recommends tourists take sufficient cash
Because of a possible rush to the banks does not recommend the Foreign Office German travelers to take enough cash. “In Greece, it may come in the currency supply in considerable waiting times, also create bottlenecks for instance in equipping the machine with cash,”
Sharp criticism of Tsipras tells the office.
SPD Chairman Sigmar Gabriel and vice-chancellor, the Greek government sharply criticized for its actions during debt dispute. Gabriel said the Süddeutsche Zeitung that he was “appalled that the Greeks have rejected a very far-reaching deal, which has indeed contain even a third aid program and even debt restructuring. These offers went further than anything it previously gave. ” The Vice Chancellor made it clear that Tsipras will not receive even better deal after a referendum. “Mr. Tsipras wants to accept all these offers only if Europe it provides no conditions for reforms in Greece. This is Europe even after a referendum can not accept,” said Gabriel. Tsipras suggest the outstretched hand of “help for self-assertion in dignity” from.
However, Gabriel turned the afternoon into Magedeburg Greece even in the event of insolvency aids in view. Europe will need to provide “comprehensive humanitarian aid,” he said. “We Europeans will not let people in Greece in the lurch,” said the Minister of Economy. Even with a No in the planned referendum they would not let the people fall into poverty
Lagarde disappointed with Greece -. But more willing to negotiate
The head of the International Monetary Fund (IMF), Christine Lagarde, is disappointed at the deterioration of the Greek crisis. At the same time, she stressed on Sunday the ongoing willingness to search for a solution. “The coming days will be clearly important,” it said in a written statement. Lagarde welcomed “the declarations of the Euro Group and the European Central Bank (ECB) to continue to use all available instruments in order to preserve the integrity and stability of the euro zone”. The IMF will continue to monitor developments in Greece and in other neighboring states carefully and stand ready to assist if it is required.
Greeks Surveys for Deal with donors
Before the Greek Prime Minister Alexis Tsipras announced to let the people decide, two surveys have traced how the mood among voters is. The results have now been published: 47 percent to speak the weekly To Vima According to a deal with the creditors. 33 percent are against it, the rest undecided. A second survey, 57 percent of Greeks are for a deal, 29 per cent against. The news agency reported Reuters , the survey was conducted by the polling firm Alco. The euro zone finance ministers have their range of Greece, however, now withdrawn.
faction leaders are informed
The federal government wants to inform the parties and Group executives on Monday on the latest developments. Talking is a parliamentary debate on Wednesday. However, this plan depends on whether to agree the European leaders for another emergency summit this week.
A Tweet from nowhere
There is only one detail of this weekend , But it shows how chaotic the situation is. As the Greek and European negotiators sat together on Friday evening shortly before midnight at the Charlemagne building in Brussels, they learned of it only by chance that the Greek Prime Minister Alexis Tsipras wants to let the people vote. They saw a message on the short message service Twitter. This is confirmed by an EU diplomat. The talks, which were supposed to prepare a compromise for the meeting of finance ministers on Saturday were canceled subsequently. The then state of negotiations of the Brussels perspective, the EU Commission published here as a PDF. More on the meeting of the Euro Group on Saturday in this analysis.
The media respond
In the social networks is particularly frequent the cover of the left-leaning daily Efimerida ton Syntakton posted. In the cartoon man holding up a banner that says “dignity”. It is based on this picture of Grigoris Lambrakis, who was assassinated in 1963 by right-wing extremists
Kathimerini , a conservative newspaper, wrote in its editorial. “We will stay in Europe”. I Avgi , oriented to the left, to the requirement of Alexis Tsipras closes and displays on the front page a thick printed ‘no’.
Greek parliament decides referendum
The Greek parliament has decided on the night of a referendum on the reform proposals. 178 MPs were in favor, 120 against. The referendum to be held on July 5, the next Sunday. In several hours of debate Premier Alexis Tsipras defended his policy: he had played with open cards. The referendum would be held, “if the partners want this or not.” Opposition leader Antonis Samaras criticized as irresponsible and Tsipras spoke of a “coup”. He called for demonstrations against the government. One can not allow to let Greece become “Zambia and Venezuela”.
credit program ends
The Euro Group will not extend beyond the end of June, the program for Greece. It provides the government with emergency loans. That decided the finance ministers of the euro countries on Saturday at a crisis meeting. “The program will expire on Tuesday,” said the euro group chief Jeroen Dijsselbloem. He explained his decision to reject the creditors’ proposals by the Greek government and the Athens planned referendum on the proposals. Dijsselbloem criticized it as “unfair” that Athens had used the referendum and recommended the voters to reject the reform proposals.
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