BRUSSELS Ministers of Economy and Finance of the euro area today ruled out further expansion of the bailout of Greece, unable to carry out the necessary formalities before the current program expires at midnight announced the Slovak Finance Minister Peter Kazimir, on Twitter.
The Eurogroup ministers again hold another conference call on Wednesday morning, said Michel Reijns spokesman Eurogroup chairman Jeroen Dijsselbloem, through the same network.
“The program will be over at midnight,” Kazimir, “the last deadline for an extension of the Greek program said it was the weekend. Because parliamentary procedures it is a failure to extend the program beyond today, “he added.
” The Eurogroup is over. The letter (the Greek Prime Minister Alexis) Tsipras includes three requests. The extension of the program and a reduction (debt) is not possible, “he said for his part the Finnish Minister Alexander Stubb.
Regarding the request of the leader of Syriza that the country is granted a new bailout program, Stubb said that such claims “are always treated through the normal procedures.”
In his letter, Tsipras asks its partners a “short” further extension and a new “loan” of two years from the European Stability Mechanism (ESM), a permanent rescue fund for the eurozone to tackle its debt, both external and internal.
The Greek prime minister did not refer in its letter to a share of the International Monetary Fund (IMF) on a loan of this type.
After months of negotiations, the lack of agreement on measures that Athens must apply within the loan conditions have led to the end of the four-month extension granted to Greece rescue program.
This means that Greece lost the chance to access the remaining funds, which would total 16,000 million euros, EU sources explained today.
The figure includes only the European part of the last installment outstanding 7,200 million euros in the second bailout to Greece, of which 3,500 million correspond to the IMF, ie only affect 1,800 ECB and 1,900 fund rescue Eurozone sources said.
To those 3,700 million the ECB and the bailout fund would amount is 10,900 million of reserves from the eurozone to recapitalize Greek banks and operations benefits its bond debt this year by the ECB, which represent between 1,400 and 1,800 million euros.
At least 20,000 people, according to police, protested on Tuesday in Athens to support the “yes” The referendum called for Sunday, and support measures required of Greece and its creditors reforms.
To shouts of “resign” in the direction of the government, and slogans like “Greece is Europe” and “Yes Europe “, the demonstrators braved the rain and gathered in Syntagma Square outside parliament.
According to the protesters, many of them hostile to the government of Syriza, Greece is staking its future in Europe if they fail definitely its negotiations with EU partners.
On Monday, more than 13,000 supporters of the leftist Syriza ruling demonstrated in the same place to support the “no” in the referendum.
During the event, several participants expressed their dismay at the fact that on Sunday the conditions of creditors no longer be on the table, since the European program of aid to Athens expires at midnight Tuesday.
Agencies EFE, AFP and AP .
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