Greece crisis: Euro group does not want to act before referendum – THE WORLD

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“We have no more printing presses”

want the euro zone finance ministers, the referendum on Sunday wait before considering further action. Varoufakis hopes that the ECB raises the emergency loans to banks as of Monday. More Ticker.

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 The euro zone finance ministers want to wait for the referendum on Sunday, before considering further steps. Varoufakis hopes that the ECB raises the emergency loans to banks as of Monday. More Ticker.

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is the controversial referendum of the Greeks over the austerity demands of their lenders at a crucial factor in the debt dispute with the EU. The euro zone finance ministers postponed further discussions on Wednesday to the period after the referendum on Sunday. Chancellor Angela Merkel (CDU) and EU Council President Donald Tusk declared that further steps in the Greek crisis one must wait for the vote.

The Greek Prime Minister Alexis Tsipras called his compatriots on, meanwhile, rejected the austerity demands of the donors. The “No” should increase the pressure for new negotiations. The euro partners had previously written on the other hand, he was always ready to meet their most important conditions Tsipras. These had heard, but still stand up for a “Yes” in the referendum.

Greek Finance Minister Janis Varoufakis hopes to reach an agreement with creditors on Monday, one day after the referendum. The Government was willing to accept tough conditions when the sustainability of the Greek debt is secured, Varoufakis said on Wednesday evening on Greek television. Once an agreement is achieved, the ECB will increase its emergency loans to Greek banks and to normalize the situation again. In order to prevent a collapse of the banking system, the government has decided capital controls. Since Monday, the banks are closed.

Chancellor Merkel said before the vote of the Greeks there would be no negotiations on a new aid program. Catastrophic consequences of a Greek sovereign default they do not fear “. Europe is strong much stronger than five years ago,” Merkel said in the Bundestag in Berlin. By contrast, French President Francois Hollande urged a swift agreement in the debt dispute. “The agreement we need now,” Hollande said in Lyon.

The current aid package for Athens has leaked, outstanding billions in aid have thus lapsed. The overdue on Tuesday evening rate of 1.54 billion euros to the International Monetary Fund (IMF) no longer paid the government. Even an old loan with the Central Bank’s more than 470 million euros paid the government in Athens is not returned in due time, as central bank circles the German Press Agency confirmed.

 
  AP / Nago

Angry pensioners crowding around the banks

              The banks in Greece are closed. Only pensioners may withdraw part of their pension. . Full of expectation they are pushing for the banks, but there is for many prompt disillusion Source: N24

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