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. Am not longer part: Alexis Tsipras proposes meanwhile new tones (entry 16.15 clock)
The current development Ticker:.
Varoufakis the negotiating team
17.08 Clock: Varoufakis first time to the media added to FOCUS online information, not to be more part of 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 to take a Grexit into consideration.”
economist judged departure of Greece from the euro zone as a manageable
10.30 Clock: A withdrawal of Greece from the euro zone would be manageable in the opinion of economists Thomas Mayer. “An absolute disaster à la Lehman I see not, because Lehman was scary networked in the international financial system,” the former chief economist of Deutsche Bank said on Saturday in Germany radio. The US investment bank Lehman Brothers had triggered a global financial crisis with its bankruptcy in 2008.
Greece, however, is already longer cut off from the international financial market. Main creditors are still the International Monetary Fund (IMF) and the European Stability Mechanism ESM. Since no one in any case believe that Greece can fully repay its debts, a Grexit would only lead to a correction of the balance sheets. For the people and the economy in Greece a euro exit would have devastating consequences, however.
BDI President Grillo: not save Greece at any cost
09.09 clock: The German economy is losing patience with Greece. “There can not remain at all costs,” writes the President of the Federation of German Industry, Ulrich Grillo, in a commentary for the “Frankfurter Allgemeine Zeitung”. According to him, threatening a dangerous weakening of the applicable rules and legislation. “If there is no confidence that contracts and the ancient Roman principle of pacta sunt servanda apply ‘, the foundations of our laws and values are at risk,” he wrote in the FAZ “This price is too high.” So far, the major business associations were more restrained in their criticism
IMF and Greece talk to each other again
Saturday, 11.08 Clock:. A Greek government delegation will be in the course of day efforts to move in the deadlocked debt dispute. “The Greek side is ready to put forward counter-proposals, so that the remaining differences can be bridged (the creditors),” it says in government circles in Athens. As the newspaper “Die Welt” reported at the talks in Brussels, the International Monetary Fund (IMF) will be present again. The IMF team left the talks with Greece on Thursday because of “significant differences”.
Greece wants to make new proposals for a settlement of the debt dispute its international lenders. Representatives of Prime Minister Alexis Tsipras would put the “counter-proposals” on Saturday in Brussels on the table, it said in a statement from Athens. An agreement was “closer than ever before.”
The euro zone finance ministers advised on 18 June in Luxembourg on the financial crisis; then the IMF chief Christine Lagarde will once again sit at the table.
The Greek Government considers an understanding hitherto possible. “There will be an agreement because a Greek default neither in favor of us still our creditors would”, State Minister Alekos Flambouraris said Friday the state broadcaster ERT.
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