Live Blog: Proposals to prevent Greece bankruptcy

Live: Latest proposals to rescue Greece

AMSTERDAM / AD.nl

03:30: Now the Greek parliament overwhelmingly agreed to the plan by Prime Minister Alex Tsipras wants to submit to the European lenders, there is a risk of a new emergency rescue package for Greece.
According Tsipras has forced the government to take measures that were not in the election. He denies his new austerity plan to betray the people who last week ‘no’ voted in a referendum on the crisis.

The former Greek Finance Minister Yanis Varoufakis has announced to support the proposal by his successor Euclid Tsakalotos. The European Commission, the International Monetary Fund (IMF) and the European Central Bank (ECB) gave a positive opinion on the plan that Athens hopes to have a new emergency aid package.

2:39 am: The Greek parliament has approved the austerity of Tsipras. 251 out of 300 MPs voted “yes.” Some members of the party voted Tsipras protesting not because they disagree with the proposed measures.

In exchange for all sorts of austerity Greece now hopes to negotiate a new emergency aid package worth tens of billions of euros. According to the leaked plans disappears under the more favorable tax rate for Greek islands, many taxes go up, the pension system will be reformed and the budget for defense with 300 million euros down. Greek media reported that Tsipras with all those cuts and reforms some 10 to 12 billion euros can gather.

1:58 am: The international lenders of Greece are satisfied with the savings proposals of Tsipras. The European Commission, the International Monetary Fund (IMF) and the European Central Bank (ECB) gave a positive opinion on the plan that Athens hopes to have a new emergency aid package. That says an insider Friday, according to Reuters. The emergency aid request would contain approximately 74 billion euros. Previously talked about 53 billion euros.

23:45: The new Minister of Finance, Euklides Tsakalotos, also spoke. He said Monday that if nothing has changed ,, we have a huge problem. ”

23:44 pm: Tsipras spoke parliament and said among other things that the government has been forced to take measures that were not in the election. He also said that the Greeks him with the referendum last week ,, not have given the mandate to break with Europe. ” The prime minister called the proposal he sent to the Eurogroup ,, difficult.

23:35 pm: The Greek parliament Friday after eleven started the debate on the austerity plan that Prime Minister Alexis Tsipras Thursday submitted to the Eurogroup. It is expected there will be voted on during the night on the plan. A spokesman for the ruling party Syriza said earlier Friday that a majority of parliament supports the proposal.

22:31 pm: The Greek parliament is considering still plans Tsipras. For a billion loan he wants to partly meet the European demands austerity and reform. Journalist Yannis Koutsomitis announced that the vote is likely to occur until well into the night.

Thousands of angry Greeks Friday at the parliament building protesting the austerity Alexis Tsipras Thursday submitted to the Eurogroup. According to the British station the protesters were supporters of the Greek communist party KKE. The Greek parliament debate Friday on the plan of the Prime Minister. Later, following a vote. Probably that until well after midnight. Rather let Tsipras’ Syriza party that the proposal is supported by the Greek Parliament.

19:27 pm: All eyes are focused on tomorrow Eurogroup President Jeroen Dijsselbloem. The finance ministers will issue a statement after taking note of the proposals introduced today. ,, We have to make an important decision, anyway, ” said Dijsselbloem. The referendum indicated the president that it would be difficult to conclude a deal with the current Greek government “has lost all goodwill. ,, It is questionable whether the proposals will really help Greece out of the doldrums. ”

23:45: The new Minister of Finance, Euklides Tsakalotos, also spoke. He said Monday that if nothing has changed ,, we have a huge problem. ”

23:44 pm: Tsipras spoke parliament and said among other things that the government has been forced to take measures that were not in the election. He also said that the Greeks him with the referendum last week ,, not have given the mandate to break with Europe. ” The prime minister called the proposal he sent to the Eurogroup ,, difficult.

23:35 pm: The Greek parliament Friday after eleven started the debate on the austerity plan that Prime Minister Alexis Tsipras Thursday submitted to the Eurogroup. It is expected there will be voted on during the night on the plan. A spokesman for the ruling party Syriza said earlier Friday that a majority of parliament supports the proposal.

22:31 pm: The Greek parliament is considering still plans Tsipras. For a billion loan he wants to partly meet the European demands austerity and reform. Journalist Yannis Koutsomitis announced that the vote is likely to occur until well into the night.

21.20 Thousands of angry Greeks Friday at the parliament building protesting the austerity Alexis Tsipras Thursday submitted to the Eurogroup. According to the British station the protesters were supporters of the Greek communist party KKE. The Greek parliament debate Friday on the plan of the Prime Minister. Later, following a vote. Probably that until well after midnight. Rather let Tsipras’ Syriza party that the proposal is supported by the Greek Parliament.

19:27 pm: All eyes are focused on tomorrow Eurogroup President Jeroen Dijsselbloem. The finance ministers will issue a statement after taking note of the proposals introduced today. ,, We have to make an important decision, anyway, ” said Dijsselbloem. The referendum indicated the president that it would be difficult to conclude a deal with the current Greek government “has lost all goodwill. ,, It is questionable whether the proposals will really help Greece out of the doldrums. ”

19:27 pm: All eyes are focused on tomorrow Euro Group President Jeroen Dijsselbloem. The finance ministers will issue a statement after taking note of the proposals introduced today. ,,

We have to make an important decision, anyway, ” said Dijsselbloem. The referendum indicated the president that it would be difficult to conclude a deal with the current Greek government “has lost all goodwill. ,, It is questionable whether the proposals will really help Greece out of the doldrums. ”

19.00: Greeks massively leave their country. From Friday to figures published by the European statistics agency Eurostat show that the Greek population last year shrank by 1 percent. That is mainly due to emigration. Greece is thus on Cyprus after the country with the largest population decline in Europe.

The arrival of many immigrants from the Middle East and Africa to the debt crisis-ridden country was not able to compensate for the departure of Greeks to other countries, according to Eurostat.

Another reason for the decline is that the Greek birth rate is lower than the number of deceased persons. This, incidentally, for four years the case.

17:34 pm: The former Greek Finance Minister Yanis Varoufakis still supports the proposal by his successor Euclid Tsakalotos. Earlier, rumors circulated that he was right against the new Greek proposal.

16:34 pm: King Willem-Alexander hopes that Greece will emerge from the crisis as soon as possible. He said Friday in nature Meijendel in Wassenaar beach during the annual meeting with the press at the beginning of the summer holidays.

The king, who has a home in Greece, was asked what the crisis meant for him and his family. His concern about the situation in Greece was separate from his home, said Willem-Alexander.

Of each country whose unemployment rate is so high and the national income has plummeted so dramatically, you hope that it will bounce back, says the king. To answer the question whether he wants Greece to remain in the EU, the king referred to the Prime Minister.

16:00: European investors on Friday were in good spirits towards the weekend which will determine the financial future of Greece and the rest of the eurozone.

AEX index +2.4 percent, 481.28 points

The MidCap +1.7 percent, 709.05 points

London, Frankfurt and Paris +3.1 percent

That investors are less worried Friday is also evident in the bond market. Yields on two-year Greek government bonds plummeted Friday, indicating that the demand for those bonds rose sharply. The Italian and Spanish yields went down firmly. Deemed safe German and Dutch loans were less popular.

Imgur · 4 HOURS AGO

15:39 pm: Putin: Russia Greece has not asked for help

During a press conference, Russian President Vladimir Putin said that Greece has not contacted him for financial support. Thus he responds to criticism from Europe. Russia would mismanage the crisis. The president further said that he hopes that a quick solution for Greece.

15:13 pm: Euro Group Chairman and Finance Minister Jeroen Dijsselbloem wants after consultation with institutions like the European Central Bank, the IMF and the European Commission does not pass judgment yet on the new proposals of the Greek government.

,, I await the final decision of the institutions down to hear whether these proposals are good enough. Then we go tomorrow in the Euro Group to talk about, ” Dijsselbloem said Friday after the weekly cabinet meeting. He had interrupted the cabinet for telephone consultation with Mario Draghi (ECB), Christine Lagarde (IMF) and Jean-Claude Juncker (European Commission).

He expects the judgment of ECB, IMF and Commission Friday. The proposals may possibly provide a basis for new negotiations on a new bailout package for Greece. ,, Before we formally commence negotiations must be sufficient confidence. It is about the intentions of the Greek government, but also on the content of the proposals. ”

14:56 pm: Opposition helps Tsipras

Imgur · 5 HOURS AGO

14:29 pm: Investment Companies like American Blackstone and KKR temporarily stop purchases of Greek real estate. They speculate on an exit and its possible consequences. If Greece out of the euro can get the companies for a fraction of the current price on snapping up real estate.

14:16 pm: Five hardliners within the Greek ruling party Syriza Friday have said that they prefer an exit from the Eurozone over an austerity deal without debt relief.

Imgur · 6 HOURS AGO

13:51 pm: The French Prime Minister Manuel Vall says hope for a quick deal that saves from ruin Greece. He thinks that the Greeks ,, solid, serious and comprehensive ” proposal have filed with the creditors. Vall closes with this statement at the statement of French President Hollande earlier today. He also responded positively to the serious ,, ” reform plan.

13:01 pm: Even bookmakers think that Greece does not leave the Eurozone. The amount that someone who gambles win on a Friday Grexit fell drastically. One gambling company says that the probability of Greece from the euro gets this year has not been so small. The odds of winning is 3/1 (25 percent).

12:44 pm: The finance ministers of the euro group to discuss the Greek plan Saturday in Brussels. On Sunday there is a meeting scheduled with the leaders of the eurozone. If ministers Saturday agreed, it is likely that the discussion on Sunday is deleted.

12:11 am: In Germany reserved responded to the proposals. An anonymous source within the German government told news agency Bloomberg that the new application for financial aid covers several years, making the conditions for loans must be stricter than the proposals that were voted on in the referendum.

12:01 pm: ING: A farewell to the euro and the introduction of a new Greek currency could be beneficial for the export of Greece. The country, however, carries little trade with other countries, so the beneficial effect on the Greek economy remains limited.

11:49 pm: Six European countries including the Netherlands, to vote at the national level about a third aid package to Greece:

11:21 pm: The largest opposition party, New Democracy (ND), supports the proposal, says the head of the center-right party, Nikitas Kaklamanis. According to Greek media also get the proposal supported by the social democratic PASOK and the New Party To Potami (River).

Syriza has 149 seats in parliament from 300 seats. Support of the small coalition partner with thirteen seats, the Independent Greeks Kammenos, is far from certain. But the three opposition parties sympathetic Tsipras’ proposal allow their 106 seats in the reluctance Tsipras own ranks well.

Imgur · 8 HOURS AGO

11:10 am: Christine Lagarde (IMF), Jean-Claude Juncker (European Commission) and Jeroen Dijsselbloem discuss the Greek proposal.

10:49 pm: Hollande: Greek proposals are serious

10:47 pm: The EU, European Central Bank and the International Monetary Fund (IMF) review the plans of the Greeks and probably still come later Friday with a verdict. According Dijsselbloem Athens ,, a comprehensive piece of text ” sent ,, but the quality of it still has to be really looked good. ”

The three institutions see if the initiatives of Prime Minister Alexis Tsipras economic cause structural reinforcement. ,, And then we’ll see what the bill bottom line and what support is needed yet. ” The amount of aid has yet to be calculated, Dijsselbloem added. According to some sources it is a sum of 53 billion euros.

Saturday the euro countries will meet to discuss them. Sunday, European leaders then reconvene. Asked whether there is a glimmer hope again, responded with Dijsselbloem: ,, I can not say. ‘

Imgur · 9 HOURS AGO

10:32 pm: Dijsselbloem: Support of the Greek Parliament for the austerity and reform proposals made by the Greek government to the creditors certainly helps. If there is broad support in Greece gives it more credibility, of course.

10:25 pm: The French Minister of Economic Affairs, Emmanuel Macro During a visit to Madrid said he is optimistic about the reform plans of Greece.

9:55 pm: A selection from the Greek tax proposals:

– The corporate income tax will be increased from 26 percent to 28 percent

– There will be a tax on television advertising

– Introduction of a ‘luxury tax’ for yachts greater than 5 meters

– 30 percent tax on gambling

9:50 pm: The complete text of the Greek reform proposal:

9:40 pm: European stock markets on Friday substantially higher begun. Investors seem to have confidence in the Greek reform proposals. Sunday there is a special European summit on the future of the country.

Imgur · 10 HOURS AGO

9:33 pm: The Greek Prime Minister Alexis Tsipras Friday asking parliament for approval to negotiate with Greece’s lenders on proposals his government late Thursday when submitted them. In exchange for include the cut of pensions and raising taxes will Tsipras debt.

The Greek government supports the proposals, but Tsipras also wants the support of parliament. His coalition has 162 seats in parliament from the three hundred hands. The Prime Minister has his party Syriza convened prior to the parliamentary debate.

9:18 pm: The Greek government expects Monday to take steps that will gradually normalize the banking traffic in Greece.

8:54 pm: A spokesman of ruling party Syriza Heef said that the Greek Parliament agrees to the austerity and reform proposals by Prime Minister Alexis Tsipras has submitted to the creditors of Griekenland.19.27 pm:

All eyes are focused on tomorrow Euro Group President Jeroen Dijsselbloem. The finance ministers will issue a statement after taking note of the proposals introduced today. ,, We have to make an important decision, anyway, ” said Dijsselbloem.

The referendum indicated the president that it would be difficult to conclude a deal with the current Greek government “has lost all goodwill. ,, It is questionable whether the proposals will really help Greece out of the doldrums. ”

19.00: Greeks massively leave their country. From Friday to figures published by the European statistics agency Eurostat show that the Greek population last year shrank by 1 percent. That is mainly due to emigration. Greece is thus on Cyprus after the country with the largest population decline in Europe.

The arrival of many immigrants from the Middle East and Africa to the debt crisis-ridden country was not able to compensate for the departure of Greeks to other countries, according to Eurostat.

Another reason for the decline is that the Greek birth rate is lower than the number of deceased persons. This, incidentally, for four years the case.

17:34 pm: The former Greek Finance Minister Yanis Varoufakis still supports the proposal by his successor Euclid Tsakalotos. Earlier, rumors circulated that he was right against the new Greek proposal.

16:34 pm: King Willem-Alexander hopes that Greece will emerge from the crisis as soon as possible. He said Friday in nature Meijendel in Wassenaar beach during the annual meeting with the press at the beginning of the summer holidays.

The king, who has a home in Greece, was asked what the crisis meant for him and his family. His concern about the situation in Greece was separate from his home, said Willem-Alexander.

Of each country whose unemployment rate is so high and the national income has plummeted so dramatically, you hope that it will bounce back, says the king. To answer the question whether he wants Greece to remain in the EU, the king referred to the Prime Minister.

16:00: European investors on Friday were in good spirits towards the weekend which will determine the financial future of Greece and the rest of the eurozone.

AEX index +2.4 percent, 481.28 points

The MidCap +1.7 percent, 709.05 points

London, Frankfurt and Paris +3.1 percent

That investors are less worried Friday is also evident in the bond market. Yields on two-year Greek government bonds plummeted Friday, indicating that the demand for those bonds rose sharply. The Italian and Spanish yields went down firmly. Deemed safe German and Dutch loans were less popular.

Imgur · 4 HOURS AGO

15:39 pm: Putin: Russia Greece has not asked for help

During a press conference, Russian President Vladimir Putin said that Greece has not contacted him for financial support. Thus he responds to criticism from Europe. Russia would mismanage the crisis. The president further said that he hopes that a quick solution for Greece.

15:13 pm: Euro Group Chairman and Finance Minister Jeroen Dijsselbloem wants after consultation with institutions like the European Central Bank, the IMF and the European Commission does not pass judgment yet on the new proposals of the Greek government.

,, I await the final decision of the institutions down to hear whether these proposals are good enough. Then we go tomorrow in the Euro Group to talk about, ” Dijsselbloem said Friday after the weekly cabinet meeting. He had interrupted the cabinet for telephone consultation with Mario Draghi (ECB), Christine Lagarde (IMF) and Jean-Claude Juncker (European Commission).

He expects the judgment of ECB, IMF and Commission Friday. The proposals may possibly provide a basis for new negotiations on a new bailout package for Greece. ,, Before we formally commence negotiations must be sufficient confidence. It is about the intentions of the Greek government, but also on the content of the proposals. ”

14:56 pm: Opposition helps Tsipras

Imgur · 5 HOURS AGO

14:29 pm: Investment Companies like American Blackstone and KKR temporarily stop purchases of Greek real estate. They speculate on an exit and its possible consequences. If Greece out of the euro can get the companies for a fraction of the current price on snapping up real estate.

14:16 pm: Five hardliners within the Greek ruling party Syriza Friday have said that they prefer an exit from the Eurozone over an austerity deal without debt relief.

Imgur · 6 HOURS AGO

13:51 pm: The French Prime Minister Manuel Vall says hope for a quick deal that saves from ruin Greece. He thinks that the Greeks ,, solid, serious and comprehensive ” proposal have filed with the creditors. Vall closes with this statement at the statement of French President Hollande earlier today. He also responded positively to the serious ,, ” reform plan.

13:01 pm: Even bookmakers think that Greece does not leave the Eurozone. The amount that someone who gambles win on a Friday Grexit fell drastically. One gambling company says that the probability of Greece from the euro gets this year has not been so small. The odds of winning is 3/1 (25 percent).

12:44 pm: The finance ministers of the euro group to discuss the Greek plan Saturday in Brussels. On Sunday there is a meeting scheduled with the leaders of the eurozone. If ministers Saturday agreed, it is likely that the discussion on Sunday is deleted.

12:11 am: In Germany reserved responded to the proposals. An anonymous source within the German government told news agency Bloomberg that the new application for financial aid covers several years, making the conditions for loans must be stricter than the proposals that were voted on in the referendum.

12:01 pm: ING: A farewell to the euro and the introduction of a new Greek currency could be beneficial for the export of Greece. The country, however, carries little trade with other countries, so the beneficial effect on the Greek economy remains limited.

11:49 pm: Six European countries including the Netherlands, to vote at the national level about a third aid package to Greece:

11:21 pm: The largest opposition party, New Democracy (ND), supports the proposal, says the head of the center-right party, Nikitas Kaklamanis. According to Greek media also get the proposal supported by the social democratic PASOK and the New Party To Potami (River).

Syriza has 149 seats in parliament from 300 seats. Support of the small coalition partner with thirteen seats, the Independent Greeks Kammenos, is far from certain. But the three opposition parties sympathetic Tsipras’ proposal allow their 106 seats in the reluctance Tsipras own ranks well.

Imgur · 8 HOURS AGO

11:10 am: Christine Lagarde (IMF), Jean-Claude Juncker (European Commission) and Jeroen Dijsselbloem discuss the Greek proposal.

10:49 pm: Hollande: Greek proposals are serious

10:47 pm: The EU, European Central Bank and the International Monetary Fund (IMF) review the plans of the Greeks and probably still come later Friday with a verdict. According Dijsselbloem Athens ,, a comprehensive piece of text ” sent ,, but the quality of it still has to be really looked good. ”

The three institutions see if the initiatives of Prime Minister Alexis Tsipras economic cause structural reinforcement. ,, And then we’ll see what the bill bottom line and what support is needed yet. ” The amount of aid has yet to be calculated, Dijsselbloem added. According to some sources it is a sum of 53 billion euros.

Saturday the euro countries will meet to discuss them. Sunday, European leaders then reconvene. Asked whether there is a glimmer hope again, responded with Dijsselbloem: ,, I can not say. ‘

Imgur · 9 HOURS AGO

10:32 pm: Dijsselbloem: Support of the Greek Parliament for the austerity and reform proposals made by the Greek government to the creditors certainly helps. If there is broad support in Greece gives it more credibility, of course.

10:25 pm: The French Minister of Economic Affairs, Emmanuel Macro During a visit to Madrid said he is optimistic about the reform plans of Greece.

9:55 pm: A selection from the Greek tax proposals:

– The corporate income tax will be increased from 26 percent to 28 percent

– There will be a tax on television advertising

– Introduction of a ‘luxury tax’ for yachts greater than 5 meters

– 30 percent tax on gambling

9:50 pm: The complete text of the Greek reform proposal:

9:40 pm: European stock markets on Friday substantially higher begun. Investors seem to have confidence in the Greek reform proposals. Sunday there is a special European summit on the future of the country.

Imgur · 10 HOURS AGO

9:33 pm: The Greek Prime Min

ister Alexis Tsipras Friday asking parliament for approval to negotiate with Greece’s lenders on proposals his government late Thursday when submitted them. In exchange for include the cut of pensions and raising taxes will Tsipras debt.

The Greek government supports the proposals, but Tsipras also wants the support of parliament. His coalition has 162 seats in parliament from the three hundred hands. The Prime Minister has his party Syriza convened prior to the parliamentary debate.

9:18 pm: The Greek government expects Monday to take steps that will gradually normalize the banking traffic in Greece.

8:54 pm: A spokesman of ruling party Syriza Heef said that the Greek Parliament agrees to the austerity and reform proposals by Prime Minister Alexis Tsipras has submitted to the creditors of Gree