Find EU and Greece still a way out of the crisis? Or is it already too late? Until June 30, the Greeks and their funders have time for an agreement. All information in the news ticker.
- Greece makes last minute concessions.
- default draws closer.
- ECB increased emergency aid for banks.
- decision later this week
The facts: In the dispute between Greece and the donors Premier Alexis Tsipras is the donors on Sunday come to meet for the first time. The government has to creditors harsh tax increases and savings offered by the Athens Information Financial Press. The measures should therefore contribute five billion euros in the coming year and a half. Among other things, the rate of VAT for basic food and services in taverns, restaurants and cafes should be increased from 13 to 23 percent. The VAT in the hospitality industry will be doubled to 13 percent.
On Monday met at 12.30 clock, the euro zone finance ministers in Brussels, for 19 clock, the leaders advised on a special summit , Chancellor Merkel hinted before, that there will be no agreement today. On Monday morning, the emergency aid for Greek banks again expanded the European Central Bank. So it is clear that institutions can also open on Tuesday. Without agreement threatens Greece on June 30, the state bankruptcy
The current development Ticker:.
agreement on Greek budgetary targets at emergency summit
22.51 Clock: When emergency summit of euro leaders, there has been an agreement on the Greek budgetary targets for the years ahead. The diplomats reported on sidelines of the meeting in Brussels and Athens government circles. The so-called primary surplus, interest payments and redemptions will be hidden in the should, in the current year amounted to one percent of the economic output and in the coming year two percent. The primary surplus is an important factor in the renovation budget. The agreement on these values had previously signed.
euro countries want to later this week to solve Greeks Question
22.01 Clock: European Commission President Jean-Claude Juncker appeared before the meeting of the State – Government and optimistic: “I expect that we will find an agreement with Greece this week.” However, he curtailed: “That will not be easy.” A decision could bring in Brussels the regular EU summit at the end of the week (25 / June 26).
The latest proposals would pave “the way for an agreement as soon as possible,” said French President Francois Hollande.
Without income declined in the afternoon a meeting of euro zone finance ministers to end, which should prepare the summit. New proposals from Athens were only “very, very short time before” received, said Euro group chief Jeroen Dijsselbloem. The plans had to be tested first. Therefore, Chancellor Angela Merkel spoke of a “consultation summit”. According to EU diplomats started experts on Monday its calculations on the new proposals.
18.50 Clock: Angela Merkel does not expect decisions at the special summit of euro area countries to the Greek crisis. Upon arrival in Brussels Merkel said on Monday night: “The euro group is no basis for making decisions before, and therefore it can only be an advisory summit today.”
Greece needs to end of the month 1.6 billion euros from the International Monetary Fund (IMF ) repay. Many doubt that the country that creates its own power. More doling but depend on reform commitments. These Athens has made new proposals. On Thursday, EU leaders will meet for a further summit in Brussels
18.48 Clock: EU summit Minister Donald Tusk’s recent austerity and reform deals Greece ‘in many weeks first real proposals “lauded as the. However, further work is needed by the lender institutions, Tusk said on Monday evening before the start of the run by him euro crisis summit on Greece in Brussels.
The most important task is to avoid a “uncontrollable, chaotic Grexit” said the liberal-conservative poles facing the scenario of a Greek exit from the euro. “I want today evening all the cards on the table. This does not mean that I want to discuss technical details. But that means that I want to end this political gimmick, “said Tusk.
Tsipras has to individual discussions with Draghi and Tusk
18.10 Clock: Prior to the meeting of Heads of State and Government, the Greek Prime Minister Tsipras has two individual interviews responsibility. EU Council President Tusk and ECB chief Draghi will ask the Premier again separately for his reform proposals.
Video: Sound between EU and Greece always rough
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- Junker does not expect a quick agreement
- Junckers Head of Cabinet: Athens proposals good basis for Summit
- US government calls Greece and donors to reach agreement on
- Lagarde foppt Varoufakis:” criminals in person “
- Household demand
- economist: Grexit would manageable
> Standard & amp; Poor’s downgrades Greece to junk status down” On the home stretch “- Tsipras Athens is nearing agreement with …Varoufakis called Greece a” milk cow that is beaten “Athens wants obligations to creditors but meetStudy: Greece on site conditions far behind- Euro Zone
” severe economic dislocations “: IMF warns of …Greek banks have to borrow from the ECB again” I am looking forward for Greece “- said Schäuble responds to the …Tusk: Breakthrough in Greece poker not before Easterhref=”http://www.focus.de/finanzen/news/staatsverschuldung/griechenland-krise-europaeer-wollen-schuldenstreit-um-griechenland-noch-in-dieser-woche-loesen_id_4768625.html?fbc=googleplus-shares”
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