Cipras Greek Prime Minister Alexis said Tuesday that his government creditors in the night sent a comprehensive and realistic reform plan. He called on European leaders to accept this plan could be to set a long-awaited agreement.
“We have presented a realistic plan for Greece to exit the crisis. This is a realistic plan, to be adopted by the institutions, our lenders and partners in Europe will mean the end of the scenario divisions in Europe “- said Cipras reporters.
He added that “the decision lies with the political leadership in Europe.” No additional details of the plan.
On the subject of Greece, speaking on the night of Monday to Tuesday in Berlin heads European Commission, International Monetary Fund and the European Central Bank. The talks also attended by German Chancellor Angela Merkel and French President Francois Hollande.
Despite ongoing talks already four months Greek authorities have failed so far to agree with the IMF and its partners in the euro zone on the release of up to 7.2 billion remaining tranche of aid, which would prevent state bankruptcy.
Lenders are demanding but instead continue reforms and budget cuts, which Athens rejects. June 30 ends extended rescue plan for Athens.
The financial situation of Greece is dramatic – June 5 must repay another tranche of its debt to the IMF in the amount of approximately 300 million euros.
Total IMF should receive from her this month about 1.55 billion euros. IMF spokesman William Murray warned that Greece will be ineligible for financing from the Fund if it does not pay in installments.
“There is still a lot of negotiation ahead of us” – says Ben Kumar, Managing Director of Seven Investment Management in London.
“Greece is the only case where the markets are watching now. Every day the headlines we see that the situation is becoming increasingly serious. People already are the bored, because they hear the same thing for months, “- he added.
Investors met on Tuesday Data from the labor market in Germany. The unemployment rate in May was 6.4 per cent., unchanged compared to April, and this was expected. 6.4 percent. is the lowest unemployment rate in the history of united Germany.
The number of job seekers fell in May in Germany by 6.0 thous., and now analysts expected a decline of 10.0 thousand. This is the eighth consecutive month decline in the number of job seekers.
Before noon given a preliminary estimations of inflation in the euro area in May. Consumer prices rose by 0.3 per cent. yoy, and was expected to increase by 0.2 percent.
The following indexes in Europe – h. 12.05
| Index | Country | The value (points). | 1D (%) |
| Euro Stoxx 50 | The euro area | 3,570.05 | -0.14 |
| DAX | Germany | 11,371.06 | -0.57 |
| FTSE 100 | Great Britain | 6,909.32 | -0.64 |
| CAC 40 | France | 5,011.54 | -0.27 |
| IBEX 35 | Spain | 11,295.80 | 0.51 |
| FTSE MIB | Italy | 23,552.02 | 0.50 |
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