After the Greek Prime Minister Tsipras announced a referendum on the austerity plans, the creditors turn to the money supply. The Greek banks this week will be closed. The stock market will crash. Even the euro zone leaves the door open for negotiations a gap. All information Ticker
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The facts: The Greeks drama from weekend leaves for week beginning directly traces: The 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:.
debit cards still work in Greece
16.50 Clock: Contrary to the expectation of many experts payments by debit cards in Greece are still possible. The reason is that the banks have simply closed their stores for the public. However, behind the facades the staff continues to work. Therefore, transfers and online banking in Greece are still without any problems. Only foreign transfers will not work
Merkel:. Manageable burden on Germany. “All sums out of thin air”
15.45 Clock: According to Chancellor Merkel of balanced federal budget is not threatened by a withdrawal of Greece. Any liability sums which have been mentioned over the weekend were, out of thin air. Both the Euro-bailouts and the IMF were refinanced very long term.
Payments to Greece after July 1 without further resolutions of Merkel concluded. The now expiring program shall come from the first EFSF. A new program could only come from the ESM founded later. This would require new negotiations will be conducted and the parliamentary vote on the results.
Gabriel: Greeks wanted third utility without conditions
15.42 Clock: German Economics Minister Gabriel reported that the Greek government wanted to negotiate a third utility – but without conditions , This would have the financiers can not accept
Merkel: No special summit – meeting after the referendum
15.37 clock. Chancellor Angela Merkel has rumors of a new special summit rejected. “I always like to travel to invitations, but there is currently no compelling reason as to organize a summit”. However, it was certain that there would be a meeting of Heads of State and Government once again after the referendum
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Gabriel: When deciding the Greeks for the euro, we have the possible to make
15.30 Clock: Federal Minister Sigmar Gabriel attacks the government in Athens sharply: “The Greek government wants to politically, ideologically another euro zone,” said Gabriel. Thus, the euro zone will total unstable – and thus also Greece. “The euro does not fail at a referendum in Greece, but he would certainly fail if we would change the debt in the euro zone,” said Gabriel. “The euro needs more debt, more cooperation, not less. That ideology is the Euro total in question, we can not answer.”
The referendum in Athens is legitimate, Gabriel said. “But it must be said also clear what is being decided: the whereabouts in the euro zone, this one has to say the citizens clear Decide to remain in the euro zone, the euro zone members must also be willing to allow itself this.. “urged the Federal Minister of Economics.
fail the referendum and Greece decide against the euro,” no one may give the impression that it is the negotiations would continue. Then that is a clear decision not to remain in the euro ” asked Gabriel clear
Merkel:. negotiations still possible
15.25 Clock: German Chancellor Angela Merkel holds talks with Greece continue to be possible. It is legitimate that the Greek government wants to consult their people.
“We have to look at the tension between solidarity and individual responsibility always compromises. But no one can ever get 100 percent.” Merkel pointed out it that the “generous offer” of creditors “Our offer to a compromise” was. “You have to realize that the will to reach an agreement on the Greek side there was not,” said the Chancellor.
“It is important that self-effort and solidarity continue belong together. When these principles are not respected fails the euro – and we do not want “
Schäuble: Balanced budget not endangered
15.20 Clock: If it defaults on interest and. principal payments eligible for emergency loans, this would, according to Finance Minister Wolfgang Schäuble for the extended repayment obligations Athens “only gradually and spread impact on the federal budget over many years”. The guideline balanced federal budgets is not endangered in the foreseeable future.
Schäuble sharply criticized the Greek left-right government under Prime Minister Alexis Tsipras and accused her tactical maneuvers before. You have the “very extensive aid from the European and international community not recognized”. They have often changed their positions and not complied with promises: “Sometimes the Greek Government has called unacceptable measures that they had previously proposed himself.”
Schäuble letter: “Greek population remain an important part of the European family”
15.17 Clock: Federal Finance Minister Wolfgang Schaeuble, the Greek Government asked “fast one Way to find an orderly and secure future “of the country. In one became known on Monday letter to the Bundestag deputies of CDU politician emphasized at the same time that Germany Greece was connected “particularly true” and will remain.
The European Commission, the International Monetary Fund (IMF), the European Central Bank (ECB) and the euro countries would be watching the development in the next few days exactly and draw the appropriate conclusions: “Greece and the Greek population remain in any case an important part of the European family, “writes Schäuble.
“Greece is also a member of the euro zone and the European Union”, states the letter.
dispute over Greece-course? Merkel’s speech is delayed
15.08 Clock: At 14.30 clock Angela Merkel wanted the results of the crisis meeting reports with the faction leaders of all parties represented in parliament. However, the press conference is delayed. . A sign that the parties do not agree on the government course
Expert expected nor unification with Greece
14.43 Clock: The Centre for European Policy (CEP) in Freiburg proceeds on the assumption that it is to come to an agreement between Greece and its lenders. He anticipated that the Greek Government and the investors are few, said Lüder Gerken, Head of the CEP. “Both sides have too much to lose. It was certainly true of the euro group, not to renew the Greek utility again to await the outcome of the referendum in Greece. Because for the announcement of the referendum comes from the Greek Government simply too late.”
Juncker defends austerity and reform package for Greece
14.04 clock. EU Commission chief Juncker defended the proposed austerity and reform package for Greece “It’s no silly austerity package, “Juncker said in Brussels on Monday. It was time, the people of Greece to tell the truth, as the Luxembourg. The Greek Government has set a referendum on the austerity program for this Sunday. Juncker urged Greeks, “yes” vote Previously recommends the Greek Prime Minister Alexis Tsipras ‘no’
begging letter from Athens:.. Tsipras wants from 6 July again negotiate
Review: No 48 hours after the seemingly definitive failure of the negotiations with the Euro Group, the Greek Prime Minister Alexis Tsipras an identically worded letter to all heads of state written, in which he announces the resumption of negotiations – after the referendum on July 5. In the letter, which is dated 28 June and the Financial Times present, Tsipras asks also for an extension of the expiring on 30 June utility by a month.
“In order to carry out the referendum in a peaceful and positive climate conduct to which allows the Greek people to make this decision without pressure from the outside, the Hellenic Republic – on June 27 during the meeting of the Euro Group – a request for an extension of the financial assistance program (MAFA ) provided by one month, “says the letter. Unfortunately, this request was not accepted.
“growth of Greece within the euro zone”
According to the words of the negotiations could Tsipras on July 6, the day after the referendum, start again “with a view to an agreement immediately thereafter in accordance with the decision of the Greek people”
. At the end of the letter asks Tsipras, the members of the euro group about “that your government position reconsiders again and support the re-examination of the application of the Hellenic Republic at the finance ministers of the euro-zone in terms of granting “. This decision will “secure tax, financial debt sustainability, which will allow Greece to return to growth in the euro zone” “to our common goal of a mutually beneficial sides agreement, contribute” and a.
Video : Former Prime Minister Samaras called Tsipras tactic “suicide”
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