During a live interview with private ANT1 TV, Prime Minister Alexis Tsipras commented on tonight’s IMF analysis on Greek debt.
“IMF says 30% Debt Relief, 20 years repayment, new finance package. IMF didn’t tell us so during negotiations.”
He expressed confidence for an agreement even if the Referendum result is NO
“If Referendum with strong NO, next day I will be in Brussels and sign an agreement.
Within 48 hours there will be an agreement.
If Referendum YES we’ll have perspective & an agreement that will not solve deadlock. In 5 months we’ll talk again about new bailouts.
If there is no respect to people’s decision, then Institutions should appoint the governments.
I don’t accept austerity measures without perspective on Debt Relief
The referendum gives an entire people the chance to affect the negotiation process
We will not accept Mr. Schäuble’s view that the euro stands for poverty, austerity & social catastrophe.
Banks are closed because #ECB froze ELA after #Eurogroup rejected our request for a few days extension.
Banks will open after Referendum.
(on scenarios about deposits haircut/bail-in): There is not such fear because 1. Banks have sufficient capital 2. there will be an agreement.
The Greek people will not give in to fear-mongering. The old political establishment that is responsible for the debt is against us.
“Those we wanted to tax and with money abroad are fear-mongering the employees & the pensioners.
Tsipras criticized Greek media for unbalanced reporting favoring YES – Journo: SYRIZA MPs in every TV too (lol )
————Tsipras quotes as reported by KTG on Twitter during the live interview
Ευχαριστώ πολύ KTG. this whole thing is becoming surreal…. have a lookat http://www.vox.com/2015/7/2/8883307/merkel-nsa-wikileaks-greek-crisis
We are supposed to believe they like to give away 60 billion of taxpayers money, that they are not even legally allowed to use as a present?
Why seems Tsipras to be the only one world wide to know about this? And why should the IMF reward a “no” in this referendum with presents while holding its course with a “yes” otherwise?
Does this make sense to someone?
Because IMF and EU have no right to decide about yes and no
BRAVO ALEXIS,KRATA TI THESI SOU
Just an honest question from an “outsider”. Does anyone on this board really believe the statement of Tsipras that he “will travel to Brussels and sign a deal within 48 hours of a NO”? And that the banks will reopen as well next week if there is a no?
Does anyone really believe that the rest of the European governments (and, in fact, most of their voters who support a strict line) will, after getting a big F.U. from Greece, say “oh, sorry, we were obviously wrong. Here’s the money you need and you don’t need to implement any of those nasty reforms we demanded earlier” ???
I mean there are valid arguments for a “no”, at least if one believes that Greece will be better off without the EUR, for which there are some reasonable voices (although this alone does nothing to solve the debt problem).
But that the quickest route to an agreement, to the banks reopening and to staying in the Euro is a “no” vote seems to me either naive or a statement targeted to misguide voters. I’m not sure, which of these two options is worse…
If Tsipras returns from Brussels next Monday with an agreement, I’ll personally call him agenius.
My fears are that in case of a yes, you won’t have a government to conclude any agreement for at least 1-2 months and that in case of a no, there will be no agreement any time soon. In both cases, banks are unlikely to reopen in the near future. And I really hope I am wrong, whichever way Greeks decide on Sunday.
Enough time to organize a life without banks and as bank closure is due to ECB dictatorship they should pay for the unemployed bank workers or better sack their whole stuff in Frankfurt instead; they’ve made money for 10 livings already and need no more
WSJ has more:
How long the remaining cash lasts and how unsettled Greeks become will be big factors in Sunday’s referendum on creditors’ demands for more austerity in exchange for more bailout funds. The tighter the squeeze, the more Greeks might vote “yes” to reconcile with creditors, analysts say.
As of Wednesday, Greece’s banking system had about €1 billion in cash left, according to a person familiar with the situation. Even with the €60-a-day limit on ATM withdrawals from Greek’s closed banks, “it’s a matter of a few days” until the money runs out, this person said.
By Wednesday, many ATMs in central Athens had constant lines of people waiting to withdraw their daily limit. The crunch has suffused the economy. Merchants report lower spending. Wholesalers can’t pay for supplies. Importers’ foreign counterparts won’t trade.
Greece’s cash crunch hit small merchants first. They are less able to get credit from their suppliers, especially those dealing in perishable products that are continually imported. Christos Georgiopoulos owns a gourmet supermarket in Plaka, a picturesque Athens neighborhood frequented by tourists. He sells Champagne and Russian crab legs.
Nobody is buying. “I haven’t had a single customer in two days,” he said Wednesday. He is shutting down his shop and says he doesn’t know when he will reopen. He gave some crab legs to his workers and is taking some home. “I haven’t paid my staff and don’t know if and when I will,” he added.
Cash is king. “Now you have almost every cardholder going to the ATM every day,” said Stefanos Kotronakis of payment-processing provider ACI Worldwide in Athens, which operates systems that drive ATMs. “Cash has a higher value now.”
Ellie Tzortzi, a partner at a Vienna-based digital-design and market research firm, is flying to Athens this weekend to pay her employees here in cash. “The last time I traveled with a wad of cash to pay someone’s salary was 10 years ago in Kosovo,” she said.
WSJ is Class War from above telling about the problems some cannibals suffer in Plaka
“Banks will open after Referendum.”
Malarkey! No, they will not. Tsipras knows very well why he had to close them:
“Banks are closed because #ECB froze ELA after #Eurogroup rejected our request for a few days extension.”
After the referendum, there is no new deal. After a “No” in the referendum a deal may be even further away. Worse, instead of freezing, ECB may stop ELA entirely. Capital controls won’t go away easily.
I’d say, cancel the referendum, start negotiating with IMF appealing to their newly found sense of reality and try to get a better deal done asap. Then you may present this deal in a new referendum which actually will decide something.
But it was no problem for ELA to give a German Hypo Real Estate bank 50 billion, a bank with 1000 workers is more worth than 11 million people, Banknazis
Yes, bravo Tsiporas…
Here is some international “propaganda” to review…
http://www.ft.com/cms/s/0/1f036eb8-209b-11e5-ab0f-6bb9974f25d0.html
Of course the writer is completely neo liberal that are going in the interest of IMF and ECB.
What’s the name of the “newspaper”? Capitalist Propaganda
Yes, a propaganda war that the Greeks aren’t winning outside of Greece.
So good luck with the Drachma *Comrade*
Propaganda battle is more important to win in Greece right now, this is really difficult as the bosses are playing foul by paying their slaves the wage only if they come to demonstrate, private TV brings 90% coverage for opposition, even “Wind” cellphone company pays costumers for a yes and “Mega” brings a photo of a tonight mugged granny that’s from South-Africa 2012.
If the Troikans can install a new government of technocrats or a new one that’s more into kneel down to them, then the chances for Drachma will rise much more.
The pigs then will figure very new impressive numbers that a short exit from Euro is necessary and sure Greece can come back, hahaha
The whole situation of the “negotiations” between Greece and its creditors is that the creditors did not negotiate in good faith. In fact, they did not negotiate at all.
One example of this is how the IMF delayed this report until after negotiations should have finished, last weekend. This clearly has been done to damage Greece. That was a political decision by the IMF, which contradicts their role as technocrats.
In all of this, the IMF, ECB and countries such as Germany have damaged their credibility to the point that they will have difficulty operating in the future. No country will ever negotiate with them in good faith again, and no country will want anything to do with such crooks and liars.
Greece has done well in these negotiations, considering the mass of crooks, deviants and liars that it has had to face. But the practical results are near zero at this time — with the Greek people suffering in a very serious way. They have to know that their suffering was a deliberate attack on them by institutions such as the IMF. This is essentially a warlike attack on hte Greek people.
Those who are deluded enough to think that there remains such a thing as European unity or solidarity are deluded. We see even here, in this blog, a collection of lunatics from East European or Balkan countries, trying to give instructions to the Greek nation. This problem is no longer confined to the Germans: the whole of Europe has become nasty and nationalistic, with no respect for law, for political agreements, or for each other.
This seems to be even more reason to vote NO on Sunday. There is no Europe left, it is just a collection of unpleasant European nations, arguing about money, and sadly share a common currency.
“In all of this, the IMF, ECB and countries such as Germany have damaged their credibility to the point that they will have difficulty operating in the future. No country will ever negotiate with them in good faith again, and no country will want anything to do with such crooks and liars.”
So nobody in the rest of Europe will ever be spoken to again by the remaining “upright” countries (basically Argentinia and Greece…). What a pity for everyone else.
Greece’s (and especially Tsipras’ and Varoufakis’) credibility has of course not suffered, they always told the truth (truth must be changing quite often sometimes, if you compare various statements from them a few days apart…)and you are the only unbiased person in a world full of nazis, capitalists and criminals who have nothing more important on their agenda than to destroy Greece.
Reading your comments, and those of “yoghurt man”, I can only recommend to vote “no”. You will have your own currency and be able to do with it what you want. And to make sure Greece does not have to deal with all those Euronazis, you should probably also get out of the EU and close your borders to all those capitalist tourists who insult your glorious country with their presence. And then you can start a close cooperation with the only remaining real democracies on the planet (Russia and China?). And last but not least, all those ugly signs everywhere in your country (“project co-funded by the EU”) will finally disappear and no longer spoil the beautiful landscape.
Oh yes, don’t forget to nationalise all your banks in the process, and all those large neoliberal capitalist companies! In view of the immaculate track record of Greek governments running things, this is certainly the way to go.
And now you can start calling me all the names you have in your repertoire for those not sharing your view.
Kudos for someone who proves German propaganda lies and that EU money wasn’t wasted as always said but made it easy to complain as if in the past one would have been too busy on Greek roads to post anything or even to rent a car wouldn’t have been possible and standard like it’s today.
Names? Foreigners don’t exist at all!
“Greece has done well in these negotiations, considering the mass of crooks, deviants and liars that it has had to face.”
Thanks for making my day, hilarious!
“The difference between a ‘Yes’ and a ‘No vote is that a ‘Yes’ is going to lead to an unsustainable and very bad agreement for Greece and for Europe, and a ‘No vote will lead to a better agreement,”
“If it’s a ‘No, I can assure you that during this week of impasse we’ve had some very decent proposals coming from official Europe, confidentially.” – Varoufakis
“It would be wrong to think that a ‘No would strengthen Greeces bargaining position. The opposite is true”
“it could take a few weeks to get a third bailout programme started. The big uncertainty factor here is whether we could agree politically,” – Vladis Dombrovskis
“With a no vote, Greece doesn’t have a (bailout) program and will continue to not have a program unless the European governments decide suddenly to change position. The ECB cannot lend to the banks as long as there is no program, so the banks will have no additional money to serve their customers and will have to remain shut,” – Lorenzo Bini Smaghi
Hopefully, Varoufakis knows something others don’t.
These “institutions” – and now this funny term becomes its real ugly meaning – just have no right to support NO or YES and they are forced to negotiate no matter what comes out.
If any elections would result in a government with X.A. the EU would still negotiate, former XA-members were part in the last coalition btw but yet they try to manipulate the public, talk into Greek affairs and declare that they won’t negotiate with Tsipras/Varoufakis?
When Renzi was visiting Berlin the only thing that was worldwide reported was that he didn’t like the idea of referendum. One important thing beside others he really was pissed of was that in his eyes it’s a big mistake if “Europeans” would get themselves involved into the campaign, they only can loose in this and now this.