Saturday, June 27, 2015

Tsipras wants Greeks vote on reforms – Reuters Germany

– Lefteris Papadimas and Renee Maltezou

“3″

Athens (Reuters) – The debt dispute between Greece and its international lenders escalated.

After the negotiations on the requirements for additional help brought no breakthrough, Prime Minister Alexis Tsipras announced on Friday evening surprisingly a referendum on the controversial reforms to which Greece is involved. Thus the timing of the talks with the creditors is again thrown into turmoil. Whether Athens its financial commitments next week to fulfill, is uncertain. A crucial role is now coming to the European Central Bank (ECB), approved emergency loans for financial institutions of the country every day.

Tsipras said in a television address, the Greek people will on 5 can vote in July. on the reforms demanded by the donors. He will ask the creditor to extend the end of June expiring aid package for a few days. The 40-year-old left-politician promised to abide by the outcome of the vote. His government had been set by the creditors issued an ultimatum that was incompatible with the applicable European principles. Tsipras spoke of intolerable burden on the citizens, which would strengthen the social imbalances still.

The donors want to impose in return for more aid structural changes to the Greek economy more competitive. Thus, the budgetary situation should improve. Among other things, pension and labor market reforms and tax increases will be required. These measures, however, are hated in the highly indebted country. Tsipras was elected with the promise to end the austerity. While he described the claims as blackmail, saying Chancellor Angela Merkel and French President Francois Hollande of a generous offer.

Actually, should until end of the month an agreement with Greece found and those of the Euro-member countries to be approved. This appears by the subsequent referendum no longer possible.

The country’s banks are in the opinion of the government in Athens on Monday yet open as usual. Capital controls were not planned. However, experts believe that they are still necessary. Next week Greece must transfer 1.6 billion euros from the International Monetary Fund (IMF). If Athens does not make the payment, the uncertainty of the citizens is likely to increase. The Greeks have been recently cleared their accounts, together lifted billions, which is why the banks are dependent on emergency aid.

” 1.3636363636364 yes “or” no “to Europe Continued …

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