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 most important thing in Coming soon: 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. Alexis Tsipras proposes meanwhile new tones (entry 16.15 clock). Between the IMF and the European Commission there is a media report according to voltages (entry 21.00 clock)
The current development Ticker:
Juncker warns Grexit
Sunday, June 14, 10.20 Clock: European Commission President Jean-Claude Juncker before “devastating consequences” of a Greek exit warned from the euro currency union. This know also, the Greek Prime Minister Alexis Tsipras, Juncker said. “He knows that the situation comes to a head. I have brought home to him in all colors and in multiple languages.” Juncker said he possessed “actually a good wire” to Tsipras, although sometimes give difficulties: “He knows that the situation is very serious.”
Juncker said he would prevent the withdrawal of Greece from the euro zone with a vengeance. “I fight for months against the supposedly easy way to is called Grexit because a Greek exit from the common currency would have devastating consequences for the Greek people and also great disadvantages result for the entire euro zone. I will do everything to ensure that does not happen. ”
Entrenched in Brussels
22.15 Clock: Athens and representatives of the European Commission continued its efforts to find a solution for the debt drama in Brussels. These came together Nicos Pappas, the personal representative of Tsipras, and a representative of EU Commission President Jean-Claude Juncker. As reported from EU circles, the fronts in the talks were hardened. The parties had, however, clear that a compromise had to be found before the markets open on Monday.
IMF torpedoed Juncker compromise
21.15 Clock: The possibly crucial negotiations between Greece and its lenders on a program of reforms are of fundamental tensions between the EU Commission and the International Monetary Fund (IMF) overshadowed. As the “Frankfurter Allgemeine Sonntagszeitung” (FAS) learned from the circle of negotiators, the International Monetary Fund torpedoed a compromise that had been prepared in the last few days.
Thus, Athens could defer cuts in small pensions when it reduces its military expenditure in return by the same amount. It’s about 400 million euros. This proposal had President Jean-Claude Juncker said Greek Prime Minister Alexis Tsipras submitted, apparently with the approval of Chancellor Angela Merkel and French President Francois Hollande. The IMF accept any swap transactions of this kind, said a negotiator for the “FAS”
“Large differences in most key areas”
“We are negotiating, but we have no mandate for it, “he said. On the part of the Commission, therefore, there was great skepticism as to whether an agreement is still possible. Tsipras had a reduction in government surcharges on low pensions in all the discussions this week categorically ruled out.
The IMF had recalled his negotiators this week to Washington and says there is “big differences in most key areas.” This scandal was related to the tensions between the Commission and the International Monetary Fund as the “FAS” writes. They date back to a meeting at the chancellery two weeks ago. Here, the three institutions (Commission, ECB and IMF) had agreed on a framework paper with claims on Greece.
Juncker loses scope
They decreased in the primary surplus in the budget, the Athens in must achieve this and in the following years, on 1, 2, 3 and 3.5 percent of economic output. However, there should have been a by-appointment as the “FAS” of participants of the meeting learned: If at the end of only 0.8 percent for the current year to be enforceable, everyone involved would be satisfied. IMF chief Christine Lagarde agreed, albeit reluctantly, in this agreement, but took her in a telephone conversation with German Chancellor Angela Merkel on the following day back.
In order Juncker had any scope for talks with Tsipras in this lost week. A European negotiator said the “FAS”: “It is completely paradoxical end chooses an institution over the fate of Europe, behind which no nation stands..”
The International Monetary Fund has rejected the report, according to which he in to have the Greek debt crisis torpedoed a compromise between the European Commission and Athens. The article, which was based on statements of anonymous sources, was false, said IMF spokesman Gerry Rice with in Washington.
Varoufakis: am no longer part of the negotiating team
17.08 Clock: Varoufakis has first confirmed by FOCUS online information to the Greek media, no longer part to be the Brussels negotiating team. He think he had contributed a lot for his country. Moreover Varoufakis appraised the cost of a Grexit for the rest of the euro group to one trillion euros.
In Megaron Maximou, the official residence Tsipras against convenes the crisis committee with involvement Varoufakis during the negotiations that take place at the same hour in Brussels.
Tsipras prepares people to drastic cuts before
16.15 Clock: New sounds from Athens: Premier Alexis Tsipras is to the Greeks a report in the “Bild” newspaper after Now prepare for drastic cuts. The agreement with creditors is the ultimate goal. New elections or a referendum on a new austerity Tsipras wants nothing more to do: “Forget the idea of new elections or a referendum,” Tsipras said to have communicated in an information his government palace
On Friday he is with them. have turned uncertain terms to his ministers: “If we have a sustainable decision – no matter how difficult this compromise will be – we will carry this heavy burden, no doubt, because our main goal is the way out of the crisis and the liberation from vassalage under the old memorandum, “the newspaper quoted Alexis Tsipras
Without any pathos but not coming out Tsipras statements:.” If Europe wants to break or continue the submission, then we will move into a battle for the dignity of our people and national sovereignty, “the Greek Prime Minister is in the” Bild “newspaper quoted
Juncker.” The situation comes to a head “
15.53 Clock: European Commission President Jean-Claude Juncker has warned of disastrous consequences of a Greek exit from the euro currency union. This know also, the Greek Prime Minister Alexis Tsipras, Juncker said in Schengen: “He knows that the situation comes to a head I have brought home to him in all colors and in several languages..” Even on weekends important talks with Greek government officials on new proposals for reform in Brussels were planned.
The talks with Greek government officials on new proposals for reform are planned, according to Juncker “a higher technical level” this Sunday. On Saturday only discussions were provided on a “small technical level”. Next week – on June 18 to meet the finance ministers of the Euro Group – would then pulled “political conclusions”.
Varoufakis is convinced that his negotiating partners poker
13.28 Clock: Yanis Varoufakis apparently weighs still in safety. Greece Finance Minister does not believe that the international creditors leave his country in a “Grexit”, the exit from the euro-alliance noise. He set out that the EU and IMF only bluffing, cited the Rheinische Post in an interview, gave the Varoufakis the BBC. Varoufakis told the BBC he did not believe that any European government representatives will take this path. “Chancellor Angela Merkel do not even think, a Grexit considered to ziehen.”
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