It is there overarm between Greek Prime Minister Alexis Tsipras and the European Commission. President Jean-Claude Juncker feels in his own words betrayed since Tsipras announced to want to hold a referendum, while the Greek Prime Minister Juncker’s honesty into question. The breach of trust brings a Greek bankruptcy even a step closer.
Earlier Monday became clear that Tsipras asked the European leaders in a letter to still extend one more time the emergency aid for Greece. It was the British newspaper Financial Times, which might consult the letter to Luxembourg’s prime minister Xavier Bettel, who announced the message.
But Juncker did not look at his cards when he responded at a news conference Monday afternoon. However, he stressed how serious the situation is currently. “This is not a poker game,” he said. How to proceed, according to him, he was not concrete, but intend to abide by a Greek default, the Commission has already clearly not. The EU remains behind the rescue plan on having suggested Friday stressed the committee, and the door for Greece is still open to negotiating the final EU proposals.
Greeks strike calls itself
Juncker called the Greeks meanwhile also “yes” to the reforms in the referendum on Sunday, July 5th, and so Tsipras vote de facto. Because who called on his compatriots to approve the terms. “I am deeply saddened by the events of the past weekend,” Juncker said about the referendum.
‘Tactics got the upper hand. I feel betrayed a bit. I’ve done everything I can, and neither I nor Eurogroup chairman Jeroen Dijsselbloem deserves criticism. Because it is the Greek negotiators themselves who went on strike Friday talks with creditors. The Greeks are dear to my heart, I tried to stand by their side. “
Still according to Juncker, the Greeks put the proposal not to accept the European solidarity is at stake. “The leaders of the other European countries have shown responsibility by taking austerity measures,” he stressed.
But really impressed with the swipe Tsipras is not. Moreover, the Greek prime minister begins to doubt the honesty of the committee. “Who in good faith and wants credible negotiations, must show themselves honestly,” Tsipras responded Monday afternoon.
Edge of bankruptcy
The breach of trust brings a Greek bankruptcy yet another step closer, at a time when the Greeks long balancing on a tightrope. Negotiations on the second tool jumped last weekend off after it became clear that the Eurogroup will not give extra relief. The Greek Government had requested an extension of the emergency aid could be submitted to the reforms through a referendum to the people. But that idea fell through the eurogroup off immediately, so that the negotiations were broken off. And the European Central Bank (ECB) will no longer help out.
The result is that Athens will have debt of 1.6 billion euros which must be before the end of this month to the IMF refundable, will be unable to repay. The letter Tsipras European government requires more time, the Greek Prime Minister is hoping that they return to their decision and extend the emergency to another.
The need is urgent. Because if this happens, the threat of a Greek drama, and Greece on July 1 officially bankrupt. That is why the Greek government as a precaution to avoid the banks closed until July 6 and withdrawals limited to 60 euros per day, in a final attempt bankruptcy. Desperate Greek depositors have in the past two weeks in total namely already 8 billion of their savings accounts collected.
Scholarships get hit
Meanwhile, scribble European stock markets right after a dramatic beginning of the fair week. Monday morning they fell into each other like a pudding, now a bankruptcy really comes close. But by the afternoon the most solid losses were all slightly reduced.
The most important Asian markets, such as Tokyo and Shanghai, went into the red, but on Wall Street the damage will remain restricted. The Athens stock exchange, on Monday was not open, already stays closed until next Monday.
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