Saturday, June 27, 2015

Utility Greece will not be extended – nrc.nl

 Eurogroup Finance Ministers meeting

Jeroen Dijsselbloem during the press conference Photo: EPA / Oliver Hoslet

Economy

The utility Greece is not extended. That said Eurogroup chairman Jeroen Dijsselbloem just at a press conference. According Dijsselbloem is Greece itself has withdrawn from the agreement. The Eurogroup is talking about Greece continue without “consequences”.

The current support package for Greece expires at midnight on Tuesday. Then the almost bankrupt country also needs 1.6 billion euros to repay loans to the International Monetary Fund (IMF). Dijsselbloem:

“In the coming weeks, I am sorry to say, is full of risks. The Greek parliament has the right to know that. “

ECB Greece can still provide money

He would not comment further on a possible ‘Grexit’. The European CENTRAL BANK (ECB) Greece may still provide money, said Dijsselbloem, via the European Stability Mechanism (ESM), a financial emergency fund which provides loans to EU Member States in financial difficulties.

According Dijsselbloem Greek Prime Minister Tsipras was so negative about the proposal of the lenders that still the question would be whether he would implement it if the Greek people ‘yes’ would vote in the referendum next week . The Greek Government has given a negative voting recommendation.

Our correspondent Stéphane Alonso:

“Dijsselbloem creates a tense impression. This is not what he had imagined. They went there yesterday actually still assume that there were still under negotiation. But negotiators were suddenly recalled, and then they understood pretty quickly why: the Greek Government had rejected the proposal and wanted to hold another referendum. This is seen as treason; one feels cheated. Greece first did not have a referendum, which came suddenly, like a jack in a box. More importantly, the stopped negotiations “

Varoufakis:. ‘Proposal would nothin solve

The Greek finance minister Varoufakis said at the news conference that the proposal of the Eurogroup nothing would have been resolved, and again would have led to impasses and negotiation.

The Greek government considered as Varoufakis not that they themselves have the mandate to reject the EU proposal – hence the surprise choice for a referendum. Only when changes are made, the Greek Government would consider adjusting the voting.

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