Wednesday, July 8, 2015

Greece has five days to convince the Eurozone – El Universal (Venezuela)

BRUSSELS Eurozone leaders issued an ultimatum to Prime Minister of Greece, Alexis Tsipras, to present definitive and solid before Friday for a final close the Greek crisis proposals Sunday.

The Heads of State and Government of the euro area showed that the Greek crisis is leading them to a point of no return do not rule ends in the worst way possible, that is, with the exit of Greece from the single currency after months of inconclusive negotiations, he told Efe.

“You can not exclude the worst scenario,” he admitted the president of the European Council, Donald Tusk, at the end of the extraordinary summit on Tuesday and ended without agreement in the absence of proposals from Athens .

“We are in the most critical moment in our history,” said Tusk, who noted that a possible Greek exit from the euro and the study of the impact of this decision “will affect the entire European Union” in scope geostrategic.

Tsipras will have to introduce today a new application for a third rescue and Thursday “no later than the proposal to establish an agenda of comprehensive and specific reforms to be evaluated” by the Eurogroup, said Tusk.

On Saturday (July 11) another extraordinary meeting of the ministers of economy and finance who share the single currency are held, and the next day (July 12) will be another extraordinary summit of the 28.

According to financial sources, Greek banks could start to run out of cash in the next two or three days if the country does not reach a new financial agreement with its creditors.

The Chancellor German, Angela Merkel, said that “conditions do not exist” to start negotiations on a third program of aid to Greece, and kept calling to Athens “detailed proposals” before Thursday.

“France wants Greece to stay in the euro zone and for that work. But the answer first is Greece,” said French President Francois Hollande, who stressed that “it will be the end of the week when the decision is made “.

” The ball is in Greece’s court, “said Italian Prime Minister Matteo Renzi.

The premier Tsipras said last night that hopes to reach agreement with its partners this week and said it will use the outcome of the Greek referendum Sunday as a “blunt weapon” to defend their positions from its creditors.

He explained that in the “coming hours” will begin a “process to be fast” and has the “aim of achieving an agreement.”

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