Find EU and Greece still a way out of the crisis ? Or is it already too late? Insiders from Greece now report that the withdrawal of the controversial Greek Finance Minister has already been decided. All information in the news ticker
- Central Bank. Exit to Athens from the euro is not an option
- ECB: Greek banks will no longer buy government bonds
- Rumours about resignation of Finance Varoufakis
, former Chancellor Schröder criticized Greece Policy
12.32 Clock: , former Chancellor Gerhard Schröder criticized the Greek policy of the Federal Government. Is the price of some ministers’ too little European and German, “the Social Democrat told the news magazine” Der Spiegel “.
Experts expect new 20-billion gap
11.13 Clock: The financial situation of Greece intensified after information of “mirror” the Reform stop the government Tsipras clearly. Experts expect an additional gap of up to 20 billion euros.
The troika of the European Commission, the European Central Bank and the International Monetary Fund forecasts according to information from the “mirror” so that Greece this year against the original plan no primary surplus will generate in his household.
It was originally planned that the increase of current income over expenditure, apart from the interest payments should be three percent of gross domestic product.
“Of should be nothing left, “citing the” mirror “Troika circles. The Reform stop in Greece since taking office of Prime Minister Alexis Tsipras exacerbated the financial situation of the country. Experts were expecting an additional financing gap 10-20 billion euros.
This sum would have to be balanced in a third bailout. Whose volume could therefore increase to 30 billion euros or more, reported the “mirror”. The Greek government announced in Brussels that they soon may no longer meet their financial obligations if possible.
Fitch downgrades credit rating of Greece down
Saturday, March 28, 07.42 clock: The rating agency Fitch has downgraded the credit rating of the euro broke threatened State Greece. The credit will now rated CCC, Fitch said on Friday. So far, Greece stood up as Fitch pointed to justify the fact that the country is largely cut off from the capital markets. Furthermore, it is unclear whether the international creditors on time freeing up new grants. The confidence of investors, consumers and savers is damaged. That was nearly stopped by security, the economic recovery.
Greece is held by its euro partners and the International Monetary Fund over water since 2010. The country urgently needs additional help. However, as a prerequisite creditors demand reforms. A long-awaited list of projects submitted by the Greek Government, according to a euro-zone representative of a Friday. The delay, however, have damaged the confidence of investors and savers.
“It will take time to undo the damage again, even if the prospects improve on a successful program in the next few days or weeks,” it said in the statement of Fitch
Last year, the agency had as their two other major rivals Moody’s and Standard & amp. Poor’s raised its ratings even after the Greek economy recession picked up again after six years.
conversations at the weekend continue
20.02 Clock: The talks between Greece and the donors on the reform list to resolve the debt crisis will continue to go on the weekend. This was reported on Friday evening from the European Commission. A commission spokeswoman said the announced list of the Athens government had not yet arrived in Brussels.