Monday, June 29, 2015

Referendum will give us “best weapons” Tsipras – The Economist

The Greek prime minister said the referendum was called for Sunday it is a way for the country to have the “best weapons in the negotiations” with creditors; meanwhile the people are protesting.

ATHENS The Greek prime minister, Alexis Tsipras, estimated Monday that the referendum was called for Sunday is a means that Greece has “best weapons in the negotiations” with creditors.

“The referendum must make way for the continuation of negotiations (…) our goal is to enable us have better weapons in them, “said the prime minister in an interview with state television ERT.

From implicitly confirmed that the payment of 1,500 million euros to the International Monetary Fund (IMF) scheduled for Tuesday, will not be made for their country where banks “have been led to suffocation.”

“Is it possible that creditors expect the payment to the IMF when imposed choking the banks, “the Greek prime minister asked, adding:”. when they decide to stop suffocating them, will be paid “

also said he does not want to remain prime minister at any cost, without clarifying what would be their attitude if the referendum next Sunday won the “Yes”.

“I’m not a prime minister to continue in office and rain as the wind blows”, responded to a question about a possible resignation , after stating that “respect the decision” of the Greeks.

Demonstrations in favor of the “No”

On this day, some 17,000 protesters, most of them supporters of the party Syriza, demonstrated in Athens and Thessaloniki for the “No” in the referendum called.

According to police estimates, over 13,000 people gathered in Syntagma Square outside parliament, in the central Athens, and more than 4,000 in Thessaloniki, the second city of the country, six days of the notice in which the Greeks must decide on the proposal to extend the rescue the country receives in return for its economy conditions.

“No to the blackmail of the troika (EU, ECB and IMF)”, “No to the ‘memoranda’ (austerity),” Our lives do not belong to creditors “read some banners of msnifestantes who came to the square.

Some hours earlier, several European leaders had warned the Greeks calling them to vote for the “Yes” in the crucial referendum on Sunday, insisting that the “No” mean a “No to Europe”.

In addition to the banners in Greek, others in English reading “Jails for Euro-bankers” (prison for European bankers), “European people all together” (All Europeans together ).

Another rally for the “No” on Sunday night in the same place, brought together about 2,000 people.

“Betrayal” ‘the EC

On Monday, the President of the European Commission (EC), Jean-Claude Juncker urged Greeks to vote “yes” in the referendum not to turn its back on Europe while the country was the first day of “corralito “.

From Brussels, Juncker harshly attacked in an emotional speech, Tsipras government, and said he felt” betrayed “by their behavior in the failed negotiations, after which Greece passed its first day with exchange control and banking holiday, the day before the deadline to pay a coupon on its debt.

The financial system will be paralyzed until July 6, one day after the scheduled date of the referendum.

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The frustration Juncker explained, according to analysts, by the fact that in five months of negotiations the president of the EC has been the closest and sometimes the only-ally Athens.

“I will ask the Greek people to vote Yes” Juncker said, referring to the referendum that unexpectedly Tsipras called last Friday night. A “No” in this referendum would mean “to say no to Europe,” he added.

The Greek government responded harshly Juncker and questioned his “sincerity” and renewed his demand for an “extension a few days” plan for Greece ( ending Tuesday) until the planned referendum is held Sunday, and in order to preserve the balance of the Greek banking system, illiquid.

European shares ended Monday with heavy losses. the Frankfurt Stock Exchange ended down 3.56%, the Paris market fell 3.74%, Madrid and Lisbon fell 4.56% to 5%. In both London limited its losses to 1.97 percent.

In Greece where the government called “cold blood” after announcing capital controls, the referendum took dye query about staying in the euro.

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