LIVE: Great uncertainty over Greek deal at the start Eurotop – nrc.nl
Eurotop suspended again
The European Summit is interrupted again for some time so that in smaller groups on specific topics (which exactly is unclear) can be further discussed:
Tsipras is the Syrizadissidenten dismiss
Our correspondent in Marloes nrc.next all it was “obvious” which Tsipras parliamentarians within his own Syriza will turn away against the drastic cuts that have to go through the Greek parliament, according to sources from the Greek newspaper Kath Rimini that indeed would be the plan.
A first front page
There will be further discussed in Brussels, perhaps for hours, but there should of course all the bags newspapers. The front page of The Guardian continue at least in terms of head or date. For this is indeed a bit of a consensus on the package of demands that Greece seems to get it.
How soon seen this going on out, politically?
The Greek Prime Minister Alexis Tsipras had already made a huge humble bow to Europe, and that situation seems equally by Europe still best to be exploited . Tsipras will soon have to go home with a “fat suit homework”, as our correspondent Marloes de Koning writes tomorrow in nrc.next . And that will have an effect politically:
The government must very quickly prove to be capable of radical reform. That Tsipras will present his cabinet are not likely to succeed.
To be able to govern effectively, the prime minister both within his government and his party Syriza must urgently house in order. After bowing to the demands of the EU and the IMF is becoming more openly mutinied there. What the majority of the population only narrowly to digest, which is not for his own socialist party.
One option on the table is that tomorrow may already have a cabinet National unity is, containing the reforms prepared To Potami, Syriza and the ultra right-wing party Independent Greeks.
“It is obvious that the ministers who are now voting abstained, mostly former communists of the left in Syriza, it is replaced by ministers of the new coalition parties. They are under pressure to also give up their seats in parliament. “
Greek government will agree on top
The proposal with the associated requirements as it stands , is a particularly raw deal for the Greeks, but who would like to see that there is an agreement on the current Eurotop. If not, the government fears a collapse of Greek banks. Reported that an officer according to Associated Press.
Who are actually open to a Grexit?
A Grexit distributes the euro area is currently full. There are countries that are open to it, including the Netherlands and Germany, and countries at all costs to prevent Greece from leaving the eurozone. The Guardian made a handy list that states how the countries are in question
Are open for Grexit:. The Netherlands, Germany, Belgium, Slovakia, Austria, Finland, Latvia, Lithuania, Malta Doubt, but would rather avoid:. Ireland, Portugal, Slovenia, Estonia, Cyprus Do you want absolutely no Grexit , Spain, France, Italy, Luxembourg
Protest Hashtags
Greeks have taken to the streets in Athens and is also on Twitter (Greek and non-Greek) opposition to the latest reports (especially harsh demands) from Brussels. Two hashtags which currently doing well: #TsiprasLeaveEUSummit (Tsipras, the Eurotop leaves) and #ThisIsACoup (this is a coup)
The corridors
Official information from the discussions currently being held in Brussels, there is almost no, but trickles through officials at times inside information. Thus the document with the strict requirements of the Eurogroup as a Greek officer but a summary of ideas “are:
The Greek government, the document additionally consider as” very bad “
What happens now really
It is now by the Government of? Eurozone talking about the document that the Eurogroup, which are the finance ministers of the eurozone, has been drawn up. It contains very hard requirements that Greece must meet, often already for next Wednesday, to show yet possible negotiations on a new emergency package. These include to gain significant reforms of the pension and the tax through parliament. Also interesting: the option of a temporary Grexit, a ‘time-out’ from the euro zone in the document as an option if no agreement will be retained.
But this is not a final proposal. Especially in the margin will consult with each other about key players, so there is hope, a final negotiation agreement will enable all parties to move forward.
Concept Eurogroup (more readable)
Who photos prints were not really very clear, put the Financial Times has a clear pdf of the Eurogroup document on its website. Read it here.
Another bilateraaltje
One of many expected from this evening, and probably long night. The Greek Minister of Finance, Euclid Tsakalotos, would be in conversation with Wolfgang Schäuble (German Finance Minister) and Michel Sapin (French Finance Minister).
Picture protest in Athens
In Athens demonstrators gathered to protest against the requirements that Greece must meet for talks on new aid.
The riot police are on hand in case the demonstration in Athens is out of control . Photo Reuters / Yannis Behrakis
Finance Minister VS heartened
Jack Lew, US Treasury Secretary, said “encouraged” to be reports that there has been some progress in the negotiations with Greece. He said that according to Reuters after a meeting with Greek Prime Minister Tsipras. According to Lew’s flexibility from all parties needed. He said that should be implemented a program to restore confidence in Greece there and that the debt should be sustainable.
Full Eurogroup document of four pages
Ed Conway of Sky News took photographs of the complete document needs of the Eurogroup to Greece. Which can be found here.
Our correspondent on the requirements
The requirements list of the Eurogroup on the Greeks ‘rock hard’, says our correspondent Marloes de Koning from Athens:
“It sure sounds harsh Requirements turn. for guarantees because the trust completely lacking. Guarantees for an independent civil service, independent bodies such as the Statistical Office and the guarantee that the former Troika supervision can keep and that privatization will not stop put. “
Earlier essentially Greeks proposal troika in Athens finished yet
From the complete document of the Eurogroup , according to Associated Press show that the Greeks agreement seem to have gone with a series of requirements of creditors they had previously rejected yet. For example, in the list of proposals that Greece accept that there remain officials of the troika single base keep in Athens.
Bilateral Parties begin: Tsipras to talk with Merkel, Tusk and Hollande
The euro summit has just been suspended by Donald Tusk, President of the European Council, says spokesman on Twitter. Now start the bilaterally little ‘talks on the sidelines of the summit. Those participating government must give the opportunity to reach a compromise.
The Greek Prime Minister Alexis Tsipras will talk with, among others, German Chancellor Angela Merkel, French President Francois Hollande and the aforementioned Tusk, writes Reuters.
Temporary Grexit remain negotiable
A temporary Grexit, a plan that Germany came earlier, and that the French President Francois Hollande has already been rejected, remains negotiable. This appears, at least from the full document of the euro group, owned by Associated Press.
Greece “should receive prompt negotiation of a time-out of the eurozone with potential debt restructuring” should be given if there is no agreement on a new support program.
Twelve things even before Wednesday
According to Politico of the euro group, the Greeks have, the finance ministers of the eurozone, get even twelve reforms by their parliament by next Wednesday (July 15), a third aid package will remain a possibility.
Tara Palmeri Politico Europe:
Source RTL Z: thereto must Greeks meet
These would include Greece as a source of RTL Z journalist Bart Reijnen must meet to continue to view a third aid package. And many times they would not get any significant reforms.
The emergency kit should contain 82 to 86 billion euros. Net comes earlier amounts to 50 billion euros, for there is still IMF money, gains on bonds and money from the old aid package to.
Greek shipowners fear end tax breaks
Greek shipping entrepreneurs are waiting with bated breath the negotiations in Brussels on the financial future on their land. They fear that an end to tax breaks that the years were very attractive to remain in the southern European country. It reported business newspaper Wall Street Journal this afternoon.
Greek shipping companies operate about one fifth of all merchant ships in the world, and more than half of the European fleet in hands. The sector accounts for 7.5 percent of the total Greek economy and provides about 200,000 people work. By all kinds of tax exemptions, however, are the owners of the Greek tax authorities for years a relatively small source of income.
Highlights: Dijsselbloem state press inquiries
EPA Photo / Thierry Charlier
More details about proposal Eurogroup
The Finnish Finance Minister Stubb just gave more details about the proposals that the euro group to the Government sent:
Dijsselbloem: we have come to an end
Eurogroup President Jeroen Dijsselbloem just gave a short statement after the euro group. He said that “we have come to an end”, but that the government tonight anatal a “big issues” to solve:
Draft text for government
News from our correspondent in Brussels to discuss how to proceed:
Eurogroup past – ‘progress’
The meeting of the eurogroup has passed, tweets Finnish Finance Minister Stubb. He writes that “progress” has been made:
Nearly four hours, but Eurogroup still busy
16.00 would begin the summit with the leaders of the eurozone countries, but the euro group has not yet ended. Expected to put the Eurogroup light to negotiate a third loan program this afternoon, not green, but is a recommendation given to the leaders coming together.
In addition to the content of the proposals lies with the government tonight especially the issue of trust on the table. Many eurozone countries after months of negotiations without showing little confidence in the government of Greek Prime Tsipras.
Russia is considering support to Greece
Russia is considering very soon start direct energy sales to Greece. This Energy Minister Alexander Novak said this afternoon. It is the first concrete and public Russian aid offer to Greece. Moscow would deliver gas directly to the EU country.
Until now, Russia had insisted that the financial crisis to Greece must be resolved within the EU. Friday was all President Vladimir Putin to an opening by saying that Russia, despite its own economic difficulties is still able to help others.
Top concerns over Greece
The summit of the euro countries is about more than simply the Greek question, twitters our correspondent Stéphane Alonso:
Highlights: Merkel arrives in Brussels
Photo AFP / Jean-Christophe Verhaegen
Merkel Hollande arrived on top
Our correspondent in Brussels Stéphane Alonso was with the arrival of Angela Merkel and Francois Hollande at the EU summit in Brussels. This is the most important thing they had to say:
Greece prepared to ‘fair ‘compromise
Greece is willing to “fair” compromise. That explained the Greek Prime Minister Alexis Tsipras just on arrival at the EU Summit. Tsipras considered an agreement at the summit if “all parties want it.” The Europeans want a united, not a divided Europe, he said
View the brief statement of Tsipras:.
Rutte: willing to look at aid application
AFP Photo / Thierry Charlier
More quotes Prime Minister Rutte, who arrived earlier in Brussels for the EU Summit which begins at 16:00:
“For the Netherlands, the only way to help open, as the Greeks are prepared to take all necessary measures to ensure that the economy can stand on its own feet. “
Rutte declined to comment on the substance of the Greek request the reform and austerity measures proposed by Athens:
“We are willing to look at the aid application, but that can only happen if the Greeks in all respects it evident that all necessary to take measures to Greece again to stand on its own feet. “
Rutte also wants the utmost certainty that Greece will implement the measures.
Eurogroup heads off on compromise
A correspondent of the German public broadcaster summarizes a possible compromise? Eurogroup calculated as follows: Europe Greece imposes additional requirements with respect to the bailout that Athens itself Thursday filed, then the Greeks if they want to meet given space to these requirements to negotiate with lenders on a third support program
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Rutte: Greeks convincing measures
Prime Minister Rutte has arrived in Brussels the euro summit who will start at 16:00. Rutte would have said that the euro countries are willing to agree to a third aid program as the Greeks take adequate measures. Reforms and savings are “the only way to help,” said Rutte.
Highlights: Meanwhile in Athens …
Photo Reuters / Cathal McNaughton
Luxembourg warns of discord at Grexit
If Germany continues to exert strong pressure on Greece to enter the eurozone, which creates “a catastrophic rift with France. ” Before the Luxembourg Foreign Minister Jean Asselborn warned today in the Süddeutsche Zeitung . He was responding to reports that Germany yesterday in the euro group suggested that Greece temporarily (for at least five years) from putting the euro if Athens does not come with better proposals for financial support. Asselborn:
“It would be disastrous for the reputation of Germany in the European Union and the rest of the world if Berlin did not seize the opportunity that has arisen now that the Greeks with reform proposals have come. If Germany is pushing for a Grexit provoked a profound conflict with France. That would be a catastrophe for Europe. “
Yet a deal today
The sounds prior to the Eurogroup were not too positive, but AP news agency reports that the leaders? the euro countries later today hoping to come up with a joint statement that the negotiations with Greece over a third aid package may start anyway. Such a statement would be necessary to relieve pressure on Greek banks, possibly at the beginning of the next week without cash getting stuck. The declaration of the heads of government can the European Central Bank (ECB) also decisive in a decision on extending the relief to Greek banks.
The leaders of the euro countries are at 16:00 together.
This would be the list
Reuters news agency published just the list of the proposals now would be discussed in the Eurogroup. It would be additional requirements from Europe to the government of Tsipras. The question is whether the Greek prime minister even further proposals gets sold domestically. Tsipras was given Friday it established by its own government (and less drastic) rescue plan already struggling through the Greek Parliament.
‘Eurogroup is working on listing proposals
NIS correspondent Arjan Noorlander reports that the euro group currently are working on a list of proposals that Greece should work in the coming weeks to qualify to qualify for a third aid package. That means that the leaders of the eurozone countries have to decide tonight on a so-called “bridging loan”: a loan that Athens will require, for example, on July 20, a large amount of the European Central Bank (ECB) to repay before the third aid program than at a later time can take effect.
Oppenheimer about the ‘Grexit’
cartoonist Ruben L. Oppenheimer, whose drawings are on display in the NRC, has just published this cartoon about the situation:
Highlights: tense eurogroup
Last week installed Greek Finance Minister Tsakalotos (left) talks with his Finnish counterpart Alexander Stubb before the resumption of the euro group. A friendly conversation would not have been, because Finland is due to coalition relations in their own country very critical about giving a third European aid to Athens.
AP Photo / Michel Euler
‘Cash has Greek banks
Credit rating agency Moody’s says that Greek banks are expected during the week without enough cash to get caught if Greece fails to reach agreement with the euro countries. Banks in Greece are almost closed for two weeks, to prevent them succumb to the great uncertainty about the future of the country. Account holders of Greek banks may only take up to 60 euros per day at ATMs and bank transfers are forbidden to go abroad.
The Greek Minister of Economy George Stathakis said last night on Greek television that the restrictions on the Greek banking sector still definitely stay two months in force, even if there is an agreement with the lenders.
Eurogroup resume in Greece
The euro group meeting just a little later than planned, resumes, Finnish Finance Minister Stubb says on Twitter:
Only a few ministers wanted to release something in advance. The expectations for a deal are low. The Slovak Minister Peter Kazimir, who is considered one of most critical ministers across Greece, said on arrival that afternoon is not possible to conclude a deal by the Eurogroup. “The lack of confidence is too great.” Ministers will give most a recommendation to the Government, who meet in Brussels later today to discuss Greece. “More is not there,” said Kazimir.
Brussels reporter? That also is not easy
It will be a long day in Brussels, also for the journalists there. Our correspondent in Belgium Travertine Sadée that from that city also settled on Brussels business writes for NRC, describes in a column on our site how the reporters in Brussels their days are:
One of the bizarre Top habits is that most correspondents themselves neatly in suit hoist or attract the finest suit. Practicality is the least. The Council building is a suffocating sick building where you prefer to dwell in swimsuit.
Our correspondent: today no deal
Our correspondent in Athens Marloes de Koning does not expect Greece and the euro countries already today will reach an agreement in Brussels
The “mountain homework” where the King is referring to are any additional requirements that the euro countries will propose to the Greek Government before the green light goes for the resumption of negotiations on a new aid package. A number of euro area countries would like the Greek government next week new austerity and reform proposals guides by parliament. This is to convince Europe that trust the government Tsipras is when it comes to fulfilling promises.
Il Messaggero this morning reported that Renzi Germany would like to appeal to the tough stance of the country to Athens. Italian Prime Minister finds that an agreement must now be the government of Greek Prime Minister Tsipras has come up with proposals which are largely in line with what the European creditors have demanded previously.
Italy is one of the euro zone within countries for a smooth dealings with Greece. Rome is in favor of solidarity within the eurozone and fears that a ‘Grexit’ other countries, including Italy itself, in the long run can cause problems.
Highlights: Finnish minister arrives in the rain
The weather in Brussels is very similar to the vote in the Eurogroup: the is bleak. Ministers come together out there soon?
Photo EPA / Olivier Hoslet
“Nobody is blocking a Greek deal
The Finnish Finance Minister Alexander Stubb said just prior to the resumption of the euro group that no one blocks a Greek deal and that is the euro countries working hard on a solution. The True Finns, a eurosceptic party, would threaten to resign if the other parties would accept the coalition with a new loan for Greece.
Stubb explained that the proposal by the Greeks for a third aid package on this is currently not sufficient. He wants proof that the Greeks really capture the plans, and they actually perform on. “We are still very far from the type of conditions we would like to have,” Stubb said. According to him, the negotiations are between three and four on a scale of ten.
But first, as the Eurogroup
The ‘Greek’ program in Brussels today begins with the resumption of the meeting of the Eurogroup at 11:00. That was last night talking suspended at midnight after eight hours. Expected to put the Eurogroup light to negotiate a third loan program this afternoon, not green, but is a recommendation given to the government who meet tonight.
EU summit canceled
EU Minister Donald Tusk was just announced that tonight no summit will come with all 28 EU leaders . That the other leaders do not have to come, suggesting that the eurozone countries think a lot of time to have a decision on whether by talking to the Greek sense.
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