Greece Qued & oacute; m & aacute; s near exit the euro after the ministers of economy & iacute; a currency bloc told that there will not be & aacute; m & aacute; s talks on financial support unless the Greek Government requesting a prolongation & oacute; n of its current bailout program
AFTER & eacute;. s three weeks of discussions since the election victory of Prime Minister Alexis Tsipras, holders economy & iacute; a hardened their positions in both the negotiations that were developed in Brussels ended abruptly Monday night when the Greek finance minister, Yanis Varoufakis, & oacute is neg; to give in to European demands
& ldquo;. There will be no & aacute; a meeting & oacute; n in which we hear c & oacute; mo operates the world & rdquo ;, & Economy Minister said iacute; as of Austria, Hans Joerg Schelling, in an interview. & Ldquo; S & oacute; so there will be & aacute; a meeting & oacute; n in which est & eacute; clear that the letter est & aacute ;, the est & aacute ;, order conditions are confirmed & rdquo;.
Greece is est & aacute; running time: the current support agreement expires at the end of February. Failure to reach a Reconciling & oacute; n, Greece could & iacute; to run out of money to March, which compel & aacute; to Tsipras to think about the possibility of breaking promises of campaign & ntilde; to put an end to austerity or contemplate reintroducci & oacute; n. a Greek coin
The yield on Greek bonds to three CHILDREN incre & oacute ; 76 points b & aacute; musicians, to 18.34 percent. This compares with 21.1 percent last week, the percentage m & aacute; s high debt since turned & oacute; trading on a & ntilde; or past, and r & eacute; cord 128 percent in March 2012. The Greek stocks fell 1 percent. The euro, which lost & oacute; ground on Monday, was up 0.7 percent to US $ 1.1429
OUT OF EURO
The Aust Chancellor & iacute;. aco Werner Faymann said some officials have underestimated the risk of Greece leaving the uni & oacute; n Monetary and that this will have & iacute; a & ldquo consequences unforeseen & rdquo;.
Robin Marshall, director of fixed income at Smith Williamson Investment Management, said the exit of Greece is now the option & oacute; n m & aacute;. s likely, economists at Commerzbank AG Joerg Kraemer and Christoph Weil calculated the chances of a fracture by 50 percent compared to 25 percent a week ago
& ldquo; It is a situation & oacute; completely new n, but the view favored & oacute; n general on possible Greek exit from the euro zone is m & aacute; s or less quiet & rdquo ;, declar & oacute; at a press conference Michael Schroeder, an economist at ZEW institute in Mannheim, Germany. However, & ldquo; not really know qu & eacute; could & iacute; pass & rdquo ;, a & ntilde; adi & oacute;.
The talks between Greece and its creditors eurozone ended sharply Monday as officials in Athens accused the president of the Eurogroup Jeroen Dijsselbloem of backing atr & aacute; s with the agreement hab & iacute; to arrived last week with Prime Minister Alexis Tsipras
The Greek government expres & oacute.; in a statement & oacute; n & oacute sent by electronic mail; nico was & ldquo; absurd & rdquo; and & ldquo; unacceptable & rdquo; require the pa & iacute; s stick to the conditions of the current rescue when these were rejected by voters
& ldquo;. I hope you request an extension & oacute; n & rdquo ;, program Dijsselbloem on Tuesday told the ma & ntilde ; ana. & Ldquo; It depends on them. We can not force them, we can not ask. We are willing to work with them & rdquo;.
Varoufakis manifest & oacute; Greece did not have & iacute; another option & oacute; n to reject the declaration & oacute; n that is ofrec & iacute; a. & Ldquo; In the history of the Uni & oacute; n European, nothing good I left & oacute; a ultim & aacute; tum & rdquo ;, told reporters after the meeting & oacute; n
Bloomberg
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Greece was. closer to leaving the euro after finance ministers of the currency bloc told that there will be no talks on financial support unless the Greek government requested an extension of its current bailout program.
After three weeks of discussions since the election victory of Prime Minister Alexis Tsipras, holders of economy hardened their positions in both the negotiations that were developed in Brussels ended abruptly Monday night when the Greek finance minister, Yanis Varoufakis, refused to give in to European demands.
“There will be a meeting to hear how the world works,” said Minister of Economy of Austria, Hans Joerg Schelling, in an interview. “There will be a meeting it is clear that the letter is, the order is that the conditions are confirmed”
A Greece is running out of time. The agreement actual attendance expires at the end of February. Failure to reach a settlement, Greece could run out of money to March, which will force Tsipras to think about the possibility of breaking his campaign promises to end the austerity or contemplate the reintroduction of a Greek coin.
The yield on Greek three-year bonds rose 76 basis points to 18.34 percent. This compares with 21.1 percent last week, the highest since the debt again negotiated last year, and a record of 128 percent in March 2012. The Greek percentage shares fell 1 percent. The euro, which lost ground on Monday, was up 0.7 percent to US $ 1.1429.
OUT OF EURO
Austrian Chancellor Werner Faymann said some officials have underestimated the risk of Greece leaving the monetary union and that this would have “unintended” consequences.
Robin Marshall, director of fixed income at Smith Williamson Investment Management, said the exit of Greece is now the most likely option, and economists at Commerzbank AG Joerg Kraemer and Christoph Weil calculated the chances of a fracture by 50 percent compared to 25 percent one week ago.
“It’s a completely new situation, but the general opinion on the possible Greek exit from the euro zone is more or less quiet,” he told conference Press Michael Schroeder, an economist at the institute ZEW Mannheim, Germany. However, “really do not know what could happen,” he said.
Talks between Greece and its creditors eurozone ended sharply Monday as officials accused Athens President of the Eurogroup Jeroen Dijsselbloem backtrack with the agreement reached last week with Prime Minister Alexis Tsipras week.
The Greek government said in a statement e-mailed it was “absurd” and “unacceptable” require that the country adheres to the conditions of the current rescue when these were rejected by voters.
“I hope request an extension of the program “Dijsselbloem said Tuesday morning. “It depends on them. We can not force them, we can not ask. We are willing to work with them. “
Varoufakis said that Greece had no choice but to reject the statement that was offered. “In the history of the European Union, nothing good came out of an ultimatum,” he told reporters after the meeting.
Bloomberg
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