Friday, July 3, 2015

Greek Prime Minister urges say “no” in the referendum, and the boss … – Money.pl

Alexis Cipras, Prime Minister of Greece

Sunday’s referendum is not a vote on Greece staying in the euro zone – said on Friday, Greek Prime Minister Alexis Cipras, calling to say” no “. Greeks have to comment whether they accept the conditions for further aid, imposed by creditors.

Cipras, the leader of Greece’s left-wing ruling Syrizy, said in a televised speech to the nation call for the vote on Sunday “no”. – I call you to tell you to not blackmail, ultimatom you to calmly decide on your future – he said. He warned that a referendum is the issue at stake, “or accept a dead end in terms of blackmail”. Friday is the last day of the campaign before the referendum on Sunday.

Greek Prime Minister assured that the referendum will not mean the end of negotiations with creditors, but on the contrary – the continuation of negotiations. He also said that the adage + not + nierealistycznemu a solution does not mean breaking with the European Union.

The conditions imposed by lenders to Greece, further austerity and reform. Ciprasa government claims that their acceptance would not allow Greece to enter the road of sustainable development.

According to Prime latest report by the International Monetary Fund fully justifies the position of Athens on the issue of debt. Cipras argued that there is no point in further imposing sharp cuts in wages and pensions just to continue servicing the debt, which is not to pay.

Cipras said that in order for Greece could service its debt, it requires a reduction of 30 percent. and 20-year grace period. He argued that such a solution will never Athens were not offered during five months of negotiations with creditors and he was not also in the final proposal, which is the subject of Sunday’s referendum – notes Bloomberg.

The IMF said on Thursday that Greece would need an extension aid package from the European Union and the likely reduction of debt, especially if economic growth is weaker than expected, and reforms are not implemented.

According to experts of the Fund, Greece needs debt reduction, and – since October. by 2018 – 50 billion under the new aid program.

The Fund evaluates that even if the Greeks will return to the reformist politics, and the economy is pushed to the path of growth, “it will be necessary to significantly extend the aid package “.

On Friday, the head of the Eurogroup Jeroen Dijsselbloem said that the Greek finance minister to ensure that Athens is close to a deal with creditors, they are” completely false. ” He estimated that Greece faces a difficult future regardless of the outcome of Sunday’s referendum. Dijsselbloem also stressed that the inevitable will introduce painful fiscal measures.

– Any politician who says that they are not necessary in the case of victory of the camp, not deceiving their people – Dijsselbloem said after Friday’s meeting of the Dutch Cabinet. The President of the Eurogroup, the Dutch government is finance minister.

Earlier on Friday, the Greek Finance Minister Janis Warufakis said in an Irish radio station RTE that the agreement with creditors is at hand, and that on the sidelines of this week continued discussions with the EU institutions . According to Warufakisa during these confidential talks, the EU presented the Greek government “very decent proposals.”

– It was not a dead week, when it comes to negotiations – he said. Meanwhile, representatives of the EU institutions recently announced that the talks with Greece will not be until Sunday’s referendum on the adoption of further aid on the terms of creditors.

Warufakis stressed that Greece and lenders “very approached” its stance on fiscal policy and reform and that one unresolved issue is debt cancellation, which the victory of the camp “no” przekułoby in agreement.

The head of the European Commission, Jean-Claude Juncker denied reports about the talks. – Do not roll no negotiations – he said.

Juncker believes that if the Greeks will vote in a referendum on Sunday against the terms of an agreement with creditors, the negotiating position of their country dramatically worse. Even if you accept the conditions we face a tough call – reserved.

Meanwhile, the European Financial Stability Fund (EFSF), the largest lender to Greece, said on Friday that due to the unsettled by the country of part of its debts to the International Monetary Fund ( IMF), reserves the right to request early repayment of debt by Athens. The debt of Greece to the EFSF is 130.9 billion.

The head of the EFSF, Klaus Regling recommended that such actions instead of the two other options – debt cancellation or immediate repayment requirements. These actions would make the euro zone countries would suffer greater losses.

Failure to repay part of its debts to the IMF “is a cause for deep concern,” – wrote Regling said in a statement. Greece “does not abide by its obligations to all its creditors, which opens the way to serious consequences for the Greek economy and the Greek people” – he added.

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