Saturday, July 4, 2015

Live Scores on the crisis in Greece: EU Banking Supervision: No partial expropriation … – Tagesspiegel

20:12 clock By Kai Portmann and Andreas Oswald <- inTeaserPicPosition: 1 -> <- self.position:! 1 -> <- classId: HCF Centre -> <- position: center -> <- inIsPrint: false -> <- inHasPic: true ->

Greece stands on Sunday in front of a historic decision. Finance Minister Yanis Varoufakis accuses Schäuble, to work towards a euro exit of Greece since 2012. And Angela Merkel says ‘yes’ to Greek. The events in the Liveticker.

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In Greece, the right People on Sunday from about reform plans of international donors. The referendum is expected to decide on the future course of the Greek government to creditors. Specifically tuned via an associate with savings and reform regulations offer of help, whose acceptance period has now passed, however. Prime Minister Alexis Tsipras has sworn his followers on a no.

We are following the events in the Live Ticker

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20:11 clock: The Greek crisis makes for an unusual collaboration between red and green members of parliament : 51 politicians of both parties off in the Greek newspaper ” Kathimerini “on Saturday a display in which they stressed their solidarity with the debt-ridden country.

A clear call to vote at the forthcoming referendum on the austerity and reform requirements of international lenders with “Yes” or “No”, the display but does not contain. Unusual is that have initiated members of the SPD government faction together with an opposition party the call.

Among the signatories next to the green-tip include among others the Deputy SPD parliamentary leader Axel Schäfer and the European policy spokesman for the SPD, Norbert spin Rath. “We are convinced that we can better correct errors and injustices in the recent crisis policy with Greece in the euro,” it says in the appeal. From SPD sources said the action declare itself a frustration with federal Finance Minister Wolfgang Schaeuble, who obviously wanted to push Greece out of the euro zone.

19:23 clock: The head of the European Banking Authority (EBA) will plans to the partial expropriation of the Greek banking customers do not know anything. “I strongly doubt that any authority or public institution of the EU or a member country is considering this option,” Andrea Enria said Saturday. The EU would rather protect the private banking customers in Greece and any other Member State.
The “Financial Times” had previously reported, Hellas-Geldhäuer prepared contingency plans prior to avert a Customer Account Access a bust. There are discounts of at least 30 per cent planned to deposits of over 8,000 euro

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17:52 clock: The crisis spoils many Greeks mood. Actually today is lucky Helens. She sits with her friends in the “Piroliki”, a farm restaurant in the Athens district of Metaxourgio. In one corner playing five musicians Rembetikon, the Greek Blues. At midnight, the waitress has provided a cake with 23 candles between the raki glasses. The whole place has the young woman sang a birthday song. But it did not help.

“I’m depressed,” she says. “It can be seen no bright spot.” Helen is afraid of what will happen after the referendum on the offer the creditors to Greece. Greece must withdraw from the EU? “Maybe there could be war,” she says quietly. My friend Chris comforts her. Quite so bad it would not come. It go but only to a yes or no to the claims of creditors. But Helen can not cheer.

Alexander is one of the Bouzouki player in the courtyard restaurant. He has his lute instrument placed on the lap, to smoke a cigarette and drink a raki. Business is not good, he says. Several taverns, where he usually occurs, have closed for the summer. His audience was now terrified, let themselves displaced by the media in panic. As Alexander begins to sing again, some guests sway to his music after all.

Even suffers nightlife. Athens has actually a hot nightlife that really gets going until after midnight , In addition to traditional bouzouki restaurants, dance in which omitted often, there are expensive beach clubs for the high society. Dimitris is DJ for electronic music and has already launched in Sydney and London. “In Athens is more passion here the Vibrations are better,” he says.
Dimitris had launched that night, when Prime Minister Alexis Tsipras would not have announced the referendum last week. Four planned for July performances are now called off, and so Dimitris is not the mixer, but sits at a bar and drinking Eiscappuccino. The sponsors are jumped , and he does not want the young people also draw their last euros for tickets out of his pocket.
Five years ago Dimitris is started with his company, he is now 27 years old , Should be followed by a referendum of the crash, Dimitris wants to pack his gear and move to London. Even now it does not stay more than 400 euros per month. “If the drachma returns, international gigs are four times more expensive for us,” he says. “Then we are out.”
It is now half past two clock at night, and of a club music resounds in the alley. At the edge of the dance floor Lefteris stands with his friends, a gin and tonic in hand, and watched the dancers to. “The crisis and women,” he says, and laughs uproariously. He lunges at the dancefloor. “Dance me to Tsipras’ , he cries, and laughs even louder.
A few minutes later, the young lawyer a little quieter. “Tsipras is certainly not a bad person,” says Lefteris. But the referendum was “the most insane referendum that ever existed in the world.” No one had even the slightest glimmer of the program, through which the people are to vote there. He himself, of course not.
As Lefteris go home at half past four, is the club for Reggae Disco number “No No No” danced. On Sunday Lefteris will go by car 300 km far Vargianna to vote in his home village with Yes

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16:42 clock: Greek Finance Yanis Varoufakis has his German colleague Wolfgang Schäuble accused, for years at a euro exit of Greece to work . “Already 2012 Mr. Schäuble made it clear that he would prefer a Grexit” Varoufakis told the “Frankfurter Allgemeine Sonntagszeitung” loud advance notification. The debt that banks are closed in Greece, he pushed to the donors. “Europe has decided to blackmail us so that we sign an agreement that is good for anyone,” he said.

Varoufakis gave himself according to the report also confident that Greeks vote in the referendum on the creditor plans on Sunday with No. “I know that the German government would like it otherwise, but the Greeks probably not,” he said of “FAS”. “They trust us,” he said, referring to the voters.
Varoufakis also went from a successful continuation of the negotiations between the Greek side with the creditors. “I expect that we will have an agreement on Monday,” said the Minister. This applies “regardless of” how the referendum go out

15:40 clock:. The Italian Prime Minister Matteo Renzi has warnings of a spillover of the crisis rejected by Greece to Italy. “Let us stop to describe Italy as the sick man of Europe. We are no longer” Renzi told the TV station TG5 on Saturday.

Italy’m not afraid of the consequences of the referendum in Greece on Sunday. “If Italy and Greece were companions in misfortune, this is no longer the case. We are the ideal solution to the problem, we are no longer the problem.” Three or four years ago, the situation in Italy was comparable to that of Greece, Renzi said. Since then, reforms would it possible to get the economy going again.

The politicians of the left Partito Democratico is 2014 Prime Minister since February. Given the worsening of the debt crisis in Greece emphasized Renzi for weeks that his country was so far stabilized that a spreading of the crisis is not to be feared even in case of bankruptcy of Greece.

15:12 clock : Prior to the referendum on the austerity measures in Greece on Sunday have German politicians with the exception of the Left Party for a Yes advertised on the proposals by European donors.

At the same time there was on Saturday calls for new negotiations. Finance Minister Wolfgang Schäuble (CDU) told the “Bild” newspaper, for him is a Greek state bankruptcy was foreseeable for some time . Given the economic data and the government’s policy Tsipras he was “from the outset very skeptical of success of the talks with the government in Athens.” “The fact that this skepticism was finally confirmed, not really surprise me.” Schäuble closed again not from a departure of Greece from the euro zone. A community can only work if the members held by the rules. Even in the case of a “Grexit” Germany will but “people in Greece do not let you down”

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You hope a “clear vote for the euro” , said SPD General Secretary Yasmin Fahimi the “Neue Osnabrücker Zeitung” on Saturday. “For Greece it would be best, and for Europe as well.” They also expressed their incomprehension why the left led Greek government “the Greek millionaires and billionaires asks to Checkout” not stronger.

“Greece belongs to Europe, a ‘yes’ is a ‘yes’ to Europe and the euro”, the former German Foreign Minister Joschka Fischer said (Green) of the “Berliner Zeitung”. A “No” on the other hand would be for all “a disaster”. Fischer’s predecessor Hans-Dietrich Genscher (FDP) said a “clear pro-European vote” the Greeks could help all sides.

14:30 clock: The President of the European Parliament, Martin Schulz , has “ emergency loans” to maintain public services in Greece into play. “For the short term would be funds available in Brussels”, the SPD politician told the “Welt am Sonntag”. You’ll “people in Greece do not let you down”

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will particularly difficult the situation when Athens at the demands of the donors go out the money for a No vote in the referendum on Sunday the Greeks. “Without new money, salaries can not be paid out, the health care system does not work, the power supply and the public transport failure,” he said. According to the newspaper A working for funders expert said: “The government has perhaps more money for a week, but certainly not much longer.”

14:00 clock: Before referendum in Greece , the Italian Government is trying to calm their own populations. “The Italians must not be afraid”, Prime Minister Matteo Renzi said on Saturday the transmitter Tg5. Although Greece and Italy had still been two problem countries three or four years ago: “Now that’s no longer like that.” He added: “. We are the ones who are trying to solve the problem, we are not the problem”

In Italy worries about contagion have made wide because of the Greek crisis. Italy itself is deep in debt and only a few weeks out of the worst recession since the war outside. While Renzi has initiated important reforms, but the upturn can further slow in coming and in his Social Democratic party Partito Democratico (PD) is controversial Renzi

12:45 clock:. With a appearance of CDU leader and Chancellor Angela Merkel at the open day in the Berlin party headquarters There are several activists against the austerity measures for Greece protesting . The protesters carried small placards reading “Oxi” – in Greek: “No”. They protested loudly against the austerity measures.

After a few minutes the little group was led by folders from the Konrad-Adenauer-Haus. Merkel reacted calmly, saying it with the protest against a “Nai” – “means yes in Greek,” said the chancellor

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12:15 clock: The Serbian tabloid “Informer” has a resounding no in the referendum called by the Greeks to against the “German exploitation” up. “That’s the end of the project of a German Europe, in which we willy-nilly to accept the German exploitation as the pinnacle of democracy,” the paper founded on Saturday in Belgrade’s position.

“This is the shifted end of the bloody 20th century, in which Germany has robbed all over Europe and has never paid reparations for Disabled, “wrote the newspaper continued:” This is the end of ideology project ‘blood and soil’, which has been modified so that we – the members . the lower races – not to die, but everything we earn must give the rulers of the ‘German Europe’ “

The comment of the newspaper, which is regarded as ardent defender of government policies, ends:” Therefore It is so very important for us Serbs, as this Sunday vote by the Greeks. Your No is the last real hope that Europe might be possible as a community of equal opportunities, so a community, prevail in the laws and morality and not exploiters. “

11 : 00 clock: bankers throughout Europe face after the referendum in Greece on Sunday for a long night, a . At Deutsche Bank, approximately at 22.00 clock a conference call is scheduled to discuss the consequences of the referendum on the austerity proposals of international donors. The polling stations in Greece close at 18.00 clock – both a yes like a No could have far-reaching impact on the European financial markets, even if the consequences are predictably difficult experts say

In the British bank Barclays, the financial market experts want. follow developments in Greece from 18.00 clock GMT, a spokesman said. In addition, conference calls and meetings are planned with the customer throughout the weekend. As was reported informed sources, the experts of the French Exane BNP Paribas plan at 20.15 clock a conference call. In the financial services Hargeaves Lansdown in London to the analysts at home in the evening to work before they get to the office early Monday morning

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10:30 clock: finance Yanis Varoufakis says in an interview with the Spanish newspaper “El Mundo”: “What did they do with Greece a Name: terrorism “. Varoufakis continued: “What Brussels and the Troika today want is that the ‘yes’ wins, so that they can lower the Greeks continued.”

“Why do they have forced us to close the banks? In order to stir up fear among the people, “said the Minister. “And when it comes to spread fear, then called this phenomenon of terrorism.”

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10:00 clock: The government and banks in Greece are again fears countered that because of the dramatic financial crisis of the country bank deposits could be reduced , “Such plans, there is absolutely no”, the President of the Greek Association of German Banks, Louka Katseli, the TV station Skai said Saturday. “The scenario of a reduction of bank accounts belongs to the realm of fantasy,” Katseli said. Speculation about possible cuts for days already circulating in the Greek press. The government of Prime Minister Alexis Tsipras stressed, however repeated that bank deposits are safe.

The business newspaper “Financial Times” reported, citing banking circles, the Greek banks started plans for reductions of at least 30 percent of assets in excess of 8000 Euro.

09:15 clock: Representatives of the euro zone at the International Monetary Fund (IMF) have apparently tried the publish a report on the to prevent debt situation in Greece three days before the planned referendum there . The Europeans have raised objections to the publication date, it said in familiar with the operation circles. They would, however, can not against the other countries, particularly against the United States, to enforce. The EU must realize that not all decisions could be taken according to their needs, said an IMF insiders. The left-wing government in Athens is encouraged by the report in its rejection of the austerity and reform demands of international creditors confirmed.

In the report released on Thursday, the IMF had a bleak picture of the debt situation in Greece marked. In a further deterioration of the economic situation the country needed an extension of the loans and a haircut. Because of the deviations from the path of reform, the country will have by 2018 about 50 billion euros additional financing needs. Greece Finance Minister Yanis Varoufakis said the IMF confirm the attitude of the government trying to put the issue of debt relief at the center of negotiations

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09:00 clock: The euro zone must be, in the words of EU Council President Donald Tusk might accustom the future an insolvent member to have their ranks. The EU is exploring ways to keep Greece in the euro, Tusk told the news portal Politico. If the referendum is going very clearly not the euro zone . If the Greeks vote on Sunday with Yes, there was an opportunity to start a new chapter in the negotiations. Should they opt for No, the room for negotiation will naturally smaller, Tusk said

08:50 clock:. Greek Finance Yanis Varoufakis has a newspaper report on a possible compulsory levy for account holders to support the Greek banks rejected . In the report if it were a “malicious rumor” that have been denied on Friday morning the head of the Greek Banking Association, Varoufakis announced via Twitter.

The British newspaper “Financial Times” reported in its Saturday edition, citing familiar with the negotiations bankers and businessmen, investors with a balance of more than 8,000 Euro could face a compulsory levy similar to the case of Cyprus in 2013 : Speaking are at least 30 percent of their deposits

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08:30 clock: Greek press evaluates the referendum on the future savings and reforms as one of the most decisive moments in the recent history of the country .

” Yes to the euro and Europe. Citizens keep the country’s future in their hands, “headlines the traditional newspaper of the political center,” To Vima “, on Saturday. The newspaper calls on its readers on Sunday with a “Yes” to stop the impoverishment of society in the referendum. The alternatives are denominated in their view. “National isolation or (further) European course”

“NO” headlines the mouthpiece of the ruling left-wing coalition Syriza, “I Avgi”. The result will be very scarce. Prime Minister Alexis Tsipras will post a No strengthened “within two days” to conclude an agreement with creditors, the paper believes. The tabloid “Ethnos” subtitled: “Select the Greeks Europe”. It is the most important decision for more than 40 years for the country

The tabloid “Real News” appears with the dramatic headline:. “Save the Fatherland”. Greece experiencing a deep division of its population. There conquer fear of isolation and geopolitical risks. Urgently needed is an agreement with the partners in the euro zone. The Sunday newspaper “To Proto Thema” subtitled: “YES! We stay alive and keep fighting. ” He continued: “Yes for Greece and the euro”.

The conservative newspaper “Eleftheros Typos” conjures her readers: “YES, to remain in the euro. We reject the drachma and the chaos from “

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08:10 clock: When referendum features a new survey, an extremely close decision from. 41.7 percent of respondents are thus consistent with the claims of the creditors agree, 41.1 percent announced a No vote in the referendum on. According to a survey that was published on Friday evening in the Greek news portal “To Proto Thema”. Even in previous surveys were supporters and opponents of the austerity plan close together

08:00 clock:. German Finance Minister Wolfgang Schäuble (CDU) will no longer close out a withdrawal of Greece from the euro zone , “Whether by Euro or temporarily without: This question can only be answered Greeks themselves,” he told the “Bild” newspaper facing the referendum. It was also clear in the case of an exit from the euro: “We will not let the people in Greece in the lurch,” Schäuble added

Schäuble sees no threat of Greek.

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