Third program even harder for Greece – The Standard

Only after Sunday’s referendum to negotiate the euro countries with Athens over a third utility. They no doubt hope that Prime Minister loses Tsipras and steps. Otherwise, they have to negotiate again with SYRIZA, and that even more difficult.

There are no new talks more with the Greek government after Sunday’s referendum. That decided the Eurogroup yesterday after a new teleconference. The official reason is that Prime Minister Alexis Tsipras must first get a new mandate from the Greek electorate. Less official said, this means that one takes into account that does Tsipras after Sunday must go.

Greek Prime Minister gave yesterday expressed inimitably gezigzag. In the morning he was in a letter to the settings which moved toward the proposal that made the euro group on 27 June. It did the rumor mill turning it Tsipras referendum Saturday would blow off. But in a speech on TV Tsipras remained in his position.

The prime minister called on Greeks to vote Sunday nay on the proposal that the institutions did on 25 June and actually no longer on the table. According Tsipras is not the referendum on whether Greece can remain a member of the eurozone, as various European leaders have warned. No, the negotiations go Monday as usual. And a no-vote would strengthen the position of the Greek government, so that they can tow a better deal from the fire at the negotiations on a third tool – the second expired on June 30

Finance Minister Yanis. Varoufakis stressed in a new blog that the method is already working: “Since the announcement of the referendum has Europe sent signals that they are willing to talk about a debt restructuring.”

But the European Commission one sees it quite differently. The board is completely wiped off the talks on the reforms required for a third program to start again, but in even more difficult circumstances.

Vice President Valdis Dombrovskis said that the situation even more problematic has become the capital controls that since Monday morning Greece funds. “We are in a new situation. Since Saturday, the economic situation has deteriorated. It will take time to restore financial stability and to reignite economic growth “Read:. The reforms needed in the third program will be even harder

The next deadline for agreement on a third. program finish is 20th July. Then Greece has to repay a loan of 3.5 billion euros to the European Central Bank. Failing that, you can keep the ECB still difficult Greek banks afloat. But now the negotiations are stopped for a few days, until after the referendum. That answers the Council of Europe really not up to international standards, because only one week of preparation and because the demand is not very clear.