Find EU and Greece still a way out of the crisis? Or is it already too late? In Greece, the pressure on the government is growing. All information in the news ticker.
- Greeks can not pay all at once
- Federal Government plays Grexit by.
The Essential information: the end of June of running the support program for Greece. Without binding commitments under the reform of Greeks blocked emergency loans amounting to 7.2 billion euros can not flow. Greece has shifted its latest installment from the IMF and now has to repay a total of 1.55 billion euros by the end of the month. The Merkel government can internally already by playing the Grexit
The current development Ticker:.
Varoufakis: I have never gambled in the negotiations
10.59 Clock: In an op-ed for the “New York Times” stressed Finance Minister Varoufakis that he had never conducted the negotiations on the basis of game theory. “Because I have researched in my previous life many years of game theory, imputed to me several commentators, I would always think up new Bluffs, strategies and exit options to improve a weak hand,” wrote the minister. “ Nothing could be further reality .”
Greece would win the trust of its partners. “At the same time we are determined to be not treated as a debt settlement that gets what she deserves.” He often am asked if he would accept solutions that would contradict the principles of his government. “True to my principle that I have no right to bluff, I reply: Our red lines are not crossed .”
Even if these principled his people inflict pain, should you things do not only strategy, but simply because they were correct. “Whatever the consequences, we will not engage in agreements that are wrong for Greece and for Europe.”
“Our government seeks no way out to our debt not to have to repay, “Varoufakis writes. “We ask only for a few months of financial stability to initiate reforms that unetrstützt Greek Bevökerung and bring us economic growth.”
meeting with Tsipras Merkel has frustrated
08.35 Clock: Even with Chancellor Angela Merkel (CDU) now seems to wane, the confidence in a rescue of Greece. Her most recent conversation with Greek Prime Minister Alexis Tsipras and French President Francois Hollande said to have moved to a more negative assessment of the situation Merkel. The learned, the “image” informed sources. The Greek side is moving too little reform commitments not or are slow and at the insistence, deadlines for repayment of loans are torn. Merkel had spoken in a familiar round in Berlin about the fact that the bankruptcy was now unstoppable.
Federal Government is preparing for Greek default
Friday, June 12, 01.31 Clock: The federal government is preparing for a review of the “image” of a Greek default before. There were concrete discussions about what to do in the event of bankruptcy Athens, reports “Bild”, citing several familiar with the operations people. After that is for instance talking of introducing capital controls in Greece in a state bankruptcy. In addition, a haircut for the country will be discussed.
Government officials stood about in a close dialogue with employees of the European Central Bank. Was to respond to a specific plan, as in the case of a Greek state bankruptcy, the federal government did not, however, it said. Much remains to be decided ad hoc. “The chancellor knows now that the time is no longer enough” to save Greece until 30 June, citing “image” a high-ranking diplomat.
“The IMF is leaving the negotiating table never”
Thursday, June 11, 21.12 Clock: After the departure of the International Monetary Fund (IMF) in Brussels, the opponents of further aid for Greece in the Union increased the pressure on their own faction. “Without the involvement of the IMF also eliminates any basis for disbursement of the final installment of the second auxiliary program,” said Hans Michelbach, Deputy of the CSU group in the Bundestag, the “world”.
The IMF team, . that have held talks with Greece in Brussels, had left the negotiations and had traveled back to Washington, the IMF had stated there was still “significant differences” said IMF spokesman Gerry Rice same time the IMF crisis but remain committed. ” The IMF leaves the negotiating table before. “
The demolition of Greece calls by the IMF was a clear signal that a viable solution to the sovereign debt crisis in the southern European country apparently is no longer possible, Michelbach said. “The withdrawal of Greece from the euro zone is nearer to the day probably a big step.”
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