![]() "Now it is right to start trying for an agreement again. Italian Foreign Minister Paolo Gentiloni tweeted: Some European officials sounded conciliatory after the vote. Necessary" to restore liquidity to the banks now the referendum was Nikos Pappas, a close ally of Mr Tsipras, said it was "absolutely Was due to meet senior Greek bankers late on Sunday. Strengthen their hand, and that they could rapidly strike a deal forįinance Minister Yanis Varoufakis has said that with a "No" vote, Greek banks would reopen on Tuesday. Government officials have insisted that rejecting bailout terms would New drachma, which it could then use to provide vital finance to Greek Or it can explicitly create a new currency, a Without the ECB's permission - which would provoke a furious reactionįrom Eurozone leaders and would be seen by most of them as tantamount to The Bank of Greece could make unsecured loans to Greek banks Struggling to prove to itself that Greek banks have adequate assets to The European Central Bank (ECB) can fulfil that function - because it is Sad to say no banker or central banker to whom I have spoken believes Greek banks are desperately in need of a lender of last resort to save them, and the Greek economy. Robert Peston, BBC economics editor, Athens Greece's latest bailout expired on TuesdayĪnd Greece missed a €1.6bn (£1.1bn) payment to the IMF. Since last Monday, after the European Central Bank declined to giveīeen limited to €60 per day. Greek government unexpectedly called a referendum on the terms it wasīanks have been shut and capital controls in place Had been locked in negotiations with its creditors for months when the Have its answer prepared: we put your demands to a democratic test - and And with the bankingĬrisis and tax revenues plummeting amidst the instability, Greece'sĮconomy has weakened again, making a deal even harder to reach.Įurozone's tough rhetoric will continue. Hard to get back around the negotiating table. Varoufakis, calling the eurozone's strategy "terrorism" - it will be The bad blood of the past two weeks - Greece's Finance Minister, Yanis Greek banks are running critically low and will need another injection of emergency funds from the European Central Bank. More than that, a deal with the eurozone has to be struck fast. Nation deeply unhappy with what has happened. There is still a sizeable chunk of the Greek Alexis Tsipras has called theĮurozone's bluff - and it appears to have gone his way. Government will be popping open the ouzo. ![]() Partying by the "No" camp will go well into the night here and the "bitter abandonment and hopelessness", he told the Tagesspiegel daily. Tsipras and his government were taking the country down a path of Germany's Deputy Chancellor, Sigmar Gabriel, said renewed negotiations with Greece were "difficult to imagine". The referendum result was "very regrettable for the future of Greece". ![]() ![]() Greek views that restructuring the debt is necessary".īut some European officials had said that a "No" would be seen as an outright rejection of talks with creditors.ĭijsselbloem, who heads the eurozone's group of finance ministers, said International Monetary Fund assessment published this week "confirms Will be on the negotiating table," he added, saying that an Primary priority is to reinstate the financial stability of theĬountry," he said in a televised address. Of tomorrow, Greece will go back to the negotiating table and our Greek Prime Minister Alexis Tsipras said late on Sunday that Greeks had voted for a "Europe of solidarity and democracy". Opponents warned that this could see Greece ejected from the eurozone,Īnd a summit of eurozone heads of state has now been called for Tuesday. Greece's governing Syriza party had campaigned for a "No", saying the bailout terms were humiliating. ![]() He final result in the referendum, published by the interior ministry, Voters have decisively rejected the terms of an international bailout. ![]()
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