Greece crisis: Athens requested € 29 billion loan to 2017 – THE WORLD

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Opened banks have Greek pensioners delayed Advising the euro zone finance ministers in debt dispute with Greece from

is. by six hours Before the open banks prevails frustration. Many retirees have to wait. More Ticker.

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 The advice of the euro zone finance ministers in debt dispute with Greece is delayed by six hours. Before the open banks prevails frustration. Many retirees have to wait. More Ticker.

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After the end of the rescue program for Greece, the euro zone finance ministers are to examine the recent proposal Athens for further assistance. Before Greek banks formed long queues on Wednesday morning after the government had ordered that 1000 bank branches to be reopened. The financial institutions in the country were closed on Monday because Greeks had withdrawn their money en masse in fear of an imminent euro exit.

According to rating agencies Greece is about to complete insolvency. The agency Fitch downgraded the debt-ridden country on Tuesday night back on. Even the relationship with the International Monetary Fund has worsened after Athens has already announced as not repaid a rate of around 1.6 billion euros until Tuesday evening. This has historical dimensions, because Greece is the first developed country that does not return an IMF loan.

to repay the IMF loan Greece would have the last installment of the now expired rescue program more than 7.2 billion euros urgently needed. “It would be crazy” to continue the program in the current circumstances, because Athens not accept the lying on the table European proposals, said the head of the Euro bullhead, Jeroen Dijsselbloem, on Tuesday evening.

The previous rescue package would be terminated because “all proposals were rejected and the Greek government has set a referendum and the people is recommended, with no vote (against the EU’s proposals),” said Dijsselbloem.

Demolished is not the thread of conversation. The Greek government announced on Tuesday that it had submitted a new proposal. Thereafter, the euro zone finance ministers discussed in a conference call about it. The latest offering from Athens a castle, the European bailout fund, the so-called European Stability Mechanism (ESM ) to tap. This was set up to help countries in financial difficulties.

The Office of the Greek Prime Minister Alexis Tsipras declared to brought into play new ESM Deal by such a business would be fully covered the financial needs of the country with the simultaneous reorganization of debt. Further details were not disclosed. Dijsselbloem explained that the finance minister would examine the application and would on Wednesday hold another conference call.

The Greek Deputy Prime Minister Janis Dragasakis said on state television, with the new proposal his country would “further reduced the differences”. There were six points in which his country “efforts” do, he explained. “I will not go into the details. But they include pensions and Employment a.” Dragasakis hinted also that the Government might consider it to cancel the referendum.

In the evening demonstration in Athens thousands for a ‘yes’ to the EU proposals in the referendum on Sunday. Police estimated the crowd at Syntagma Square on 10000-12000 people. Many shouted, “We’ll stay in Europe!”

Thousands of elderly people have flocked Wednesday to banks in Greece that have been opened especially for pensioners without bank cards. An apparently taken at the last minute decision to serve customers in alphabetical basis, led to confusion and frustration. Many retirees stood before dawn in front of the money houses lining up to learn then that they had to come back on Thursday or Friday.

 
  AP / Nago

Angry pensioners crowding around the banks

              Although banks remain closed in Greece may, retirees withdraw part of their pension. In much of the country they storm to the banks. . There came for many, however, prompt the disillusionment Source: N24

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