Friday, July 3, 2015

+++ +++ Greek crisis: rescue fund explains: Greece is insolvent – ABC Online

Updated on Friday, 07.03.2015, 19:37
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The utility Greece has leaked. A renewed request from Prime Minister Tsipras for a third rescue package has rejected the federal government. Before the referendum Tsipras calls the Greeks continued to be a ‘no’ against the creditor plans. The Greeks thriller Ticker

The facts:. The mood in Greece worsens: Meanwhile speaks at least finance Varoufakis open of resignation if the people vote in the referendum on the austerity plan of the creditors on Sunday. Also at the ATMs it becomes critical: the 20-euro notes are assumed. It is unclear whether the cash at all sufficient to referendum. The first online payment services also block all payments made by the Greek credit

Athens demonstrating for and against the referendum

19.55 clock. The two large rallies for and against the referendum have started – and very different: The “Yes” at the stadium there -Befürwortern festival atmosphere of the pit penetrates pop music. The opponents in Syntagma Square, however, the mood is tense, Greek politicians and Euro critics from all over Europe harangue against the austerity. Again and again penetrate loud “Ochi, Ochi” calls on the densely filled space. The entire downtown area is locked, everywhere are platoons of policemen with helmets and gas masks – yesterday came in Athens used tear gas to use

. “Oxi!”: Berlin demonstrate for Greek No

19.37 Clock: A protest against the austerity policies of the European Union in Greece began on Kreuzberg Oranienplatz. Remember were 3000 participants, the police first spoke of around 300 people. The critical of capitalism Blockupy movement and the anti-globalization network Attac had to solidarity demonstration for Greece under the motto “No to austerity Oxi No -!!!! Yes to Democracy” called. It started on Friday evening, target of the elevator was the Brandenburg Gate.

Even before the European Central Bank in Frankfurt am Main as well as other German and European cities actions were planned for the upcoming referendum in Greece. The demonstrators called on to vote no. The written on numerous signs Greek word “oxi” means “no.”

The Greek government holds a referendum on Sunday. It is about the question whether the country should adopt an austerity package of its creditors. Prime Minister Alexis Tsipras is asking for to vote ‘no’.



Thousands march in Athens for and against austerity

19.04 Clock: thousands of Greek citizens on Friday in front of the parliament building in Athens against austerity and for a hard attitude of the Left-led government against creditors of the bankrupt threatened country demonstrates. At the same time, thousands gathered in front of the old Olympic Stadium of Athens, “Panathinaiko”, and demonstrated under the slogan “We stay in Europe” to remain in the euro zone.

People of the so-called Front for the “Yes” demanded that Prime Minister Alexis Tsipras agreed with the partners and creditors to ensure that Greece can keep the euro as their currency. The demonstrators of the “No” loudly opposed further austerity measures from and chanted: “Stop the austerity!”. The police had positioned for fear of riots strong units between the two rallies in Zentrm Athens.

About 200 masked Autonomous reportedly attempted to media reports, to disrupt the demonstration for the “No”. They lit trash. The police have suppressed the rioters from the square in front of parliament, reported eyewitnesses.

On Sunday, the Greeks decide in a referendum on whether the recently proposed by the international creditors reform measures to be adopted. Polls indicate a close result. In the latest survey, which was released on Friday evening at the television station Antenna led “Yes” with 41.7. Citizens who are planning “no” vote were measured at 41.1 percent. Were interviewed for the representative survey nationwide 1,400 people

Video:. The Greeks drama but has something good: What Tsipras triggered at EU citizens

Supreme Administrative Court approves referendum

18.14 Clock: The planned by Alexis Tsipras referendum on the austerity and reform course of the country is lawful. That Greek Council of State, the highest administrative court in the country, decided a few minutes ago

Two citizens -. An engineer and a lawyer – had filed suit against the planned for this Sunday referendum a few days ago

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Greeks Abroad for card blocking in need

17.56 clock: locked The credit card , the bank card useless: Many Greeks who are traveling or want to travel, to live through difficult times. Especially those who are already abroad, were following the imposition of capital controls in sharp this week often do not pay their hotel and had to rely on loans. Even Greeks who wanted abroad, partly their flight or ferry tickets could not buy via Map with foreign suppliers. The solution was to “pay cash”, an employee of one of the largest travel agencies said Friday the German Press Agency.

The Greek Skai news channel goes for days, a campaign under the slogan “We can all do it together – I shall return”. Greeks who are stuck abroad, can apply here. Private individuals and other Greek companies then help them to travel back to their homeland.

A Greek lorry driver told on Friday on the radio, he had to leave behind his laptop in a gas station in Germany as a pledge to continue may. Before that he had tanked. And when he tried to pay with his credit card, he said: They no longer worked. “People knew me and let me go on. But I have left behind my laptop. I am ashamed,” he said.

In Greece were on Monday due to strong capital flight capital controls imposed. Greek Credit cards are only valid in Germany. Citizens can pick up with the bankcard highest 60 euros per day and per account of the ATM. People without bank card can withdraw 120 euros a week from the switches of approximately 1,000 banks open only for this reason, on weekdays.



Greek debt enormously

17.23 Clock: How much money have the euro countries Greece previously borrowed during the crisis 183.8 billion euros. The euro partners granted in a first aid package in 2010 bilateral loans of 52.9 billion euros, Germany took them 15.2 billion euros. In the second aid package of 2012 was carried out the assistance on the euro rescue fund EFSF, the guarantor but also the euro-zone countries. The Fund 130.9 billion euros have been paid until the expiry of the aid program on Tuesday. Germany must for 29.1 percent of the total stand straight, so for around 38 billion euros

Spanish left advertises No of Greeks in referendum

17.04 clock. Representatives of six Spanish left-wing parties and platforms have asked the Greeks to a No in the forthcoming referendum on the reform plans of the donors. “We believe that the Greek people will be brave and put on a No,” said Rommy Arce of the Civic Platform Ahora Madrid on Friday at a press conference. A rejection of the claims does not mean only that “we reject the austerity measures, but also all the governments in Europe which apply them,” she added.

Juantxo López de Uralde said of the ecological party Equo, the Spanish groups expressed their solidarity with the Greek people. “We have also suffered from the policy of the Troika,” he said, referring to the international creditors. In addition, is a no in the referendum “no no to Europe or the euro, but a yes to democracy”.

Jaime Pastor of the Radical Left party Podemos, which is allied with the Greek ruling party Syriza, spoke of a “dilemma between democracy and austerity”. The Greeks had the referendum the “historic opportunity to fight for a different Europe”.

In Greece held on Sunday a referendum on the next steps in the debt crisis instead. From the output depends on whether and how Athens and its international creditors will in future discuss further aid for the crisis country. . The current assistance program donors was leaked to month change

Germany receives money from the second Greece package back

16.52 Clock: After the end of June, leaked second bailout for Greece and other euro countries Germany get back a portion of the unused auxiliary billion. Only Finance Minister Wolfgang Schäuble (CDU) can claim nearly one billion euros in addition, the Treasury Department confirmed on Friday a report by the magazine “Focus”.

This is interest earned by the Bundesbank with Greek government bonds, which should be transferred to Athens. As Greece has not fulfilled its agreements made with the donors agreements that provided for the utility gains interest of all euro banks were from 2014 and 2015 frozen first. Since July 1, the claim of Greece has fallen on such interest gains.

According to the euro bailout fund ESM the 2014 approximately 1.85 billion euros and in 2015 are around 1.5 billion.

According to “Focus” Schäuble wants to reclaim the German part of 2014 in the amount of 532 million euros. The actually due on July 1, 2015 amount of EUR 412 million euros, the Federal Ministry of Finance does not even paid after the Greek Government had opted out of the program.



emergency meeting in Greece: banks running out of money

16.37 Clock: Yannis Stournaras, Greece central bank president, representatives of the systemic banks gathered around to in to elicit an emergency meeting, as long as the cash the banks nor sufficient reported FOCUS Online correspondent Wassilis Aswestopoulos from Athens. Also present are Deputy Prime Minister and Vice-Minister of Finance Dragasakis Mardas.

The already existing main problem is a shortage of 20 Euro notes. In addition, were today in the morning just under 500 million euros of cash in the banks. Converted to the population are less than 50 euros per person. The country has nearly 14 million active bank cards or credit cards. Each of them entitled to take off from 60 euros per day. According to the Reuters news agency Greece still has a buffer of one billion euros by Monday.



Tsipras: financial negotiations go to “No” in the referendum next

16.34 Clock: Greek Prime Minister Alexis Tspiras sees the referendum on the austerity of his country no decision on a departure from the euro zone. In the referendum on Sunday it go rather to the question of whether its people impoverished further and verelende, Tsipras said on Friday in a televised address. The Greeks would on Sunday “to take his own hand” in the future and vote against the austerity programs of the creditors. “A ‘no’ does not mean the demolition, but the continuation of negotiations,” Tsipras assured his countrymen. By contrast, EU diplomats warn, for a “No” of the Greeks to the austerity measures threaten the “Grexit”, ie the withdrawal of Greece from the euro area.

Tsipras stayed with his severe accusations against the financiers. “On Sunday, it is decided whether we will accept the continuation of the dead-end policy under the pressure of blackmail.” The Greek people must resolutely strengthen the bargaining power of the government and thus put an end to the austerity policy. “I call on you to vote ‘no’ against the division and fear propaganda,” Tsipras said.



bookmakers put on a “Yes” at the Greek referendum

16.02 clock: London – The British and Irish bookmakers believe in a ‘yes’ vote of the Greeks to remain in the euro zone. When Irish bookmaker Paddy Power 85 percent of the placed bets on this topic would be set to a “yes” of the Greeks in the referendum on Sunday. Also at Ladbrokes, one of the big four among the bookmakers Britain, there is a similar picture. “Two-thirds of the set money is on a” Yes “, a spokesman said. The British betting for weeks on the situation in Greece. The bookmaker William Hill has now exposed the gamble.” The situation is too volatile to calculate reasonable rates to “, said a spokesman for

Federal Government dampens hopes Athens on rapid financial assistance

15.17 clock. Finance Minister Wolfgang Schaeuble dampens hopes the Greek government, after swiftly obtain referendum on Sunday fresh aid. Negotiations over would take place after the last program expired “on a completely new basis and under difficult economic conditions”. “This will take a while,” the CDU politician of the “Bild” newspaper said . (Saturday)

Schäuble said: “The proposal on which the government plans to hold a vote, no longer on the table. We have to see how the government in Athens dealing with the results, the consequences of that. And then the Greeks can make a request to commence negotiations. “If there is such a Greek request, it would be examined by the finance ministers of the euro zone.” And if certain conditions are met, the Euro Group will be new negotiations in favor. Decide beforehand the Bundestag must. Only then we can ever negotiate “

Schäuble expects difficult negotiations.” We’re talking about a program by the clear principle:. Support for real consideration. Greece needs reforms. But I now know already: That would be very difficult negotiations. Because the situation in Greece has deteriorated dramatically in recent weeks. “

Paypal, Amazon and iTunes block payments with Greek credit

14.54 Clock: The online payment service Paypal has any payment cards that are linked to Greek accounts blocked, also on Amazon and iTunes can not be bought with Greek maps

<.. p> A Paypal spokesman said, according to several Greek media. “Due to the recent decisions taken by the Greek authorities concerning the capital controls are payments and transactions, which are linked to Greek bank accounts and credit cards, Paypal is currently not possible Our goal continues to be to our customers to be in Greece reached So how do we do it for about a decade “

euro rescue fund declared Greece bankrupt

14.52 clock:.. Two days before the referendum in Greece of the euro rescue fund has declared the country on Friday for insolvent. It was officially established default, the European Financial Stability Facility (EFSF) said in Brussels. However, it had been decided, “not to demand the immediate repayment of loans” from Athens. . The EFSF renounce simultaneously but not “on its right to take action”

Juncker warned Greeks before No

14.06 Clock: European Commission President Jean Claude- Juncker has forcefully warned the Greeks to vote against the demanded by the donors reforms. “If the Greeks vote no, the Greek negotiating position will be dramatically weak,” he said on Friday at a press conference at the start of the Luxembourg EU Presidency.

Whether he still could recommend new negotiations in this case, Juncker did not say clearly. “The (auxiliary) program expired. There are no negotiations,” he said. “Even in the case of a yes-vote, we are faced with difficult negotiations.”



Video: Athenian warns of disaster for the Greeks-no

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