The tablecloth is cut: After the announcement of the Greek Prime Minister Tsipras to let his people vote on the austerity plans, the creditors turn the money tap on. The markets react in panic. In Greece, all banks will be closed this week – just like the stock market. All information Ticker.
- Exchanges rushing for week starting from
- Banks remain closed for bank run in Greece
- Brok: Greek government is planning withdrawal from the EU
- bankruptcy is in the coming days before
The facts: The Greeks drama from weekend leaves for week beginning right tracks: Stock markets worldwide slumped sharply. The DAX started more than 500 points below the value of Friday night. Key messages of the weekend: Prime Minister Tsipras lets citizens vote in a referendum on the austerity measures demanded by the lenders. The utility of the euro countries Greece is not extended. The European Central Bank increased its aid loans for the Greek banks no longer. Until July 6, the banks remain closed now, the stock exchange even until July 7
The current development Ticker:.
“Grexit” creator does not expect a “Grexit”
10.45 Clock: Of all the creator of the slogan “Grexit” is in the Greek crisis-clear. This year was not expected to exit from the Athens currency zone, the economist Ebrahim Rahbari and his colleagues from the US bank Citigroup in a study written on Monday. For the coming years the risk of falling “Grexit”.
With the announced referendum Citigroup experts expect a “comfortable majority” for the required reforms and thus with a stay in the euro. Go Following the referendum Rahbari and his colleagues of an extension of the expiring on June 30, utility or an intermediate solution that will give the negotiations until the end of the year. A replay of the tough negotiating marathon since the beginning is possible at any time, they were limiting.
Rahbari had the word “Grexit” marked the high boiling the Greek crisis 2011/12. It emerged in a study whose co-author of the chief economist of Citigroup, was Willem Buiter. “Grexit” is composed of the English words “Greece” (Greece) and together “Exit” (Exit). It is used as a descriptor for a withdrawal of Greece from the euro area.
New Franken shock threatens Swiss National Bank intervenes
10.05 Clock: To prevent another franc shock, the Swiss National Bank has apparently intervened. President Thomas Jordan said after reports of Swiss media at an event in Bern, the Swiss National Bank is “to stabilize the market occurred in the market”. The Swiss fear that the Euro breaks through the Greek crisis and subsequently greatly enhances the franc
Greek banks continue their shutters down
09.55 clock. In Greece there was the weekend a real bank run. The Greeks picked billion from their accounts. Now, many banks have shut down their shutters completely, as FOCUS Online reporter Antonia Schäfer got to see on the spot.
Dax recovering after burglary
09.50 Clock: The German stock index (DAX) has already recovered strongly in the first hour of trading. After the index had opened 500 points lower at 9 clock at 11,000 points, it was at 9.50 clock again at 11,150 points.
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Stock Exchange in Athens remains to 7 July closed
09.36 clock. Given the Greek debt crisis and the stock exchange in Athens will be closed in the coming days in addition to the country's banks. As officially announced on Monday, is expected to at least Tuesday not open next week the trading venue. The Greek banks will be closed until at least Monday, the capital was severely restricted
Press on the Greek drama. "Tsipras has weggeduckt and only geschwafelt"
Syriza Board:" A 'Grexit' is for us not an option "
09.31 Clock: A" Grexit "comes for the Greek government, in the words of Syriza politician Giorgos Chondros not in question. "An exit from the euro zone was for the Greek Government never an option and is now not an option", said on Monday in Chondros ARD "Morning Magazine". He is a member of the Party Central Committee. Chondros defended the decision on the reform measures to hold a referendum. The Greek people have a democratic right "to decide their own future". Regardless of the outcome of the referendum, it does not come to a "Grexit"
International exchanges lose enormously
09.20 clock. The international exchanges are shortly after Start trading abgerauscht powerful. The Paris Stock Exchange fell by 4.7 percent, the Amsterdam Stock Exchange by 4.1 percent. The Swiss equity index SMI lost more than three percent
Dax crashes to start more than 500 points down
09.00 clock. The German stock index continues to the escalation of the Greek crisis on the morning crashed deep. The Dax crashed by more than four per cent to below 11,000 points - accurate to 10,963 points
No Cash in Athens -. Machines are supposedly filled by 12 clock
08.50 clock: In Athens, banks remain closed on Monday. Also, most ATMs are empty. According to rumors, the machine will go up 12 clock back to the grid - freshly filled. In the evening, the government had adopted capital controls. The cash payouts to Greeks are limited to 60 Euro, tourists can withdraw unlimited money with foreign credit cards
sell-off in banking stocks - German Bank minus 6 percent
08.24 clock.: In bank stocks is characterized on Monday a sell-off. Title Deutsche Bank were on the exchange platform Tradegate to 8.23 clock traded six percent lower than on Friday at 27.10 euros. Commerzbank title forfeited 6.7 percent to 11.35 euros
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Left " Merkel blame for the Greek crisis "
08.06 Clock: The Left Party has (CDU) Chancellor Angela Merkel assigned the blame for the current dramatic situation in Greece. Should Greece leaving the euro zone, Merkel will "as the Chancellor go down in history, has begun under the perhaps the beginning of the end of the euro zone", party leader Katja Kipping said on Monday in the ARD "Morning Magazine". She wanted the afternoon "take the opportunity to make it clear once again what the geopolitical means for the currency" at the meeting of party and faction leader with the Chancellor.
Because of the escalation of the Greek crisis expected Merkel the party and parliamentary group chairman of the parties represented in parliament at 13.30 clock in the Chancellery. Following a press lower direction is provided. In addition,
meeting in the late afternoon, the deputies of the factions of the CDU, the SPD and Greens at special meetings to also discuss the Greek crisis. At the meeting in the Chancellery also left faction leader Gregor Gysi will clear criticism express. He threw the donors in Bayerischer Rundfunk a "crash course" in front. A solution to the conflict with Athens would derail international donors "for ideological reasons". Gysi expects Merkel a government statement and wants a public debate in the Bundestag
Broker:. Dax is almost five percent lose
07.50 Clock: The escalation of Greece -Crisis likely shake the German stock market on Monday vigorously. The broker IG prized the Dax morning 4.68 percent lower at 10,955 points
At the Düsseldorf broker Lang & amp. Black (LS) the Dax at 7:50 clock at 11,026 points. Biggest loser in premarket trading LS are the shares of Deutsche Telekom and Deutsche Bank with a minus of 2.3 percent. Shares of Munich Re noted down for a single title in the Plus (0.16 percent). The Frankfurt Stock Exchange opens at 9 clock.
The investors disappointment has spread, after they had shown in the past week despite hardened positions of Greece and its lenders still optimistic about an agreement. Over the weekend, negotiations on a compromise had failed but then at the last minute
Next violent stock market losses in Asia
07.38 clock. The descent to the Asian stock markets continues after the failed negotiations for the Greek bailout. In Japan the Nikkei index loses even after initial losses remained robust. Currently loses the main index of the Tokyo Stock Exchange 569 points and thus 2.75 percent . The Shanghai Composite recorded 315 points and 7.52 percent lighter , the Hang Seng Index in Hong Kong lost 1043 point and thus 3.91 percent .
Varoufakis kicked: footnote says it all about the relationship of the Greeks to the Euro Group
As Varoufakis was kicked, Draghi made first a dry wit
07.20 Clock: On Saturday evening, the finance ministers of the euro group threw their Greek colleagues Yanis Varoufakis from the session. Also, ECB chief Mario Draghi was present and, despite the tense situation at a small joke in a position as a participant of the round against the "world" said. Draghi joked, after all, the institutions are likely to be again called "Troika". This term had put virtually on the index a few months ago the Greeks
Greece worries weigh exchanges in Asia and the Pacific
05.33 clock. After the aggravation the Greek crisis started, the markets in Asia and the Pacific, with losses in the new week. Japan, Singapore and Sydney opened on Monday with a clear minus. In Sydney the S & amp sagged; P / ASX 200 index temporarily decreased by two percent. This corresponded to a loss of around 35 billion Australian dollars in the Australian stock market (more than 24 billion euros).
In Japan the Nikkei index of 225 blue chips lost to commercial center 368.81 points or 1.78 percent to the intermediate level of 20 337.34 points. At the beginning he had temporarily yielded 2.14 percent. The broader Topix fell to the commercial center by 28.41 points or 1.7 percent to 1638.62 points. Export values made the rising yen exchange rate to create.
The euro also announced Monday after as expected. The minus talking to a discount of around one and a half cents, however, limited. At 5 clock euro was worth $ 1.1012, after having stood at around $ 1.1160 on Friday evening. In the first trading hours of the week, the euro was temporarily dropped to $ 1.0955. Experts made the escalation responsible in the Greek crisis for the sharp fall in prices.
Tsipras colleague: "Germany is the euro zone before Greece leave"
Greek banks remain until July 6, closed
Monday, June 29; 05.00 Clock: remain Given the acute debt crisis in Greece closed the banks in the country until July 6 This was fixed in an in on Sunday night published in Athens official communication.. The bank closure order is valid until after the referendum on the proposals of the international lenders of Greece on Sunday.
The daily ATM cash withdrawals are limited, according to the release for Greeks to 60 Euro per day. With the official announcement of relevant reports Greek media were confirmed. Signed the decrees of Greece Prokopis Pavlopoulos head of state and head of government Alexis Tsipras. There are measures "of extreme urgency".
You should "protect the Greek financial system and the Greek economy due to lack of liquidity, through the decision of the Euro Group on 27 June brought against the extension of the agreement on loans for Greece "was, according to the official announcement
Video:. Former Prime Minister Samaras called Tsipras tactic" suicide "
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