Greece parliament votes in favor of referendums

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Greek parliament votes in favor of referendums

The crisis day for Europe has gone with another signal of confrontation to an end: The Greek parliament voted Saturday night for the controversial referendum on the reform demands of European donors, Premier Tsipras called for a “Big No”. The ECB will probably respond today if there are further emergency loans for Greece banks. Earlier, the euro group had decided to phase out aid for Greece.

Return to the negotiating table possible

Berlin,  June 28  – The Greek parliament has approved the proposed by the government hold a referendum on the claims of the creditors of the debt-ridden country. For the referendum voted by parliament counting at night in Athens 178 MPs.

Prime Minister Alexis Tsipras had previously campaigned for the referendum and called on the population to a “big no” to the claims of creditors. At the same time the Greeks should say “a great ‘yes’ to Europe and to solidarity”.

The Prime Minister expressed his conviction that the negotiating position of Greece would be strengthened to creditors by a “proud no”.”The referendum will take place if the partners want it or not,” Tsipras said in parliament.

© Tagesschaude / Translation

“The Greeks are to vote on July 5 about an offer that is no longer there – that’s completely absurd”, had previously accounted for a diplomat in Brussels.

Discussions on euro stability

The finance ministers of the euro group had the evening to discuss how following the failure of negotiations with Greece and thus pending from the utility, the stability of the monetary union can be guaranteed.

Germany’s Finance Minister Wolfgang Schaeuble said after the meeting that the euro countries would do everything possible “to prevent any possible risk of infection”.

Similarly, euro group chief Jeroen Dijsselbloem expressed. Athens must now take financial emergency, he said after the ministerial meeting, at which the Greek Finance Minister Yanis Varoufakis had not participated. To implement these measures Greece receive technical assistance from the lender institutions to safeguard the stability of the Greek financial system.

Exactly how these measures are designed to look, the Euro group chief terrible said. From negotiating circles but was reported, was in the euro group has talked about temporary bank closures and capital controls in Greece. Capital controls, which should prevent a further outflow of funds, but can only be decided by Greece itself.

Germany ‘s Finance Minister Schaeuble reiterated that Greece member of the euro zone and part of the EU remains.Greece maneuver in the coming days, however, acute difficulty, because it will now be difficult to meet obligations for Athens.

Also Dijsselbloem stressed that the Greeks to leave despite the decision phase out the aid program, the return to the negotiating table was open.”The process is not over and it will probably never be” Dijsselbloem said.

Range views of the ECB

Also crucial will be how the European Central Bank (ECB) responded. Because they approved every day emergency loans to prevent a collapse of the Greek banking sector, because the Greeks billions rooms of the accounts.Rotates the money tap finally, the situation is getting worse again. According to EU diplomats, the ECB will consider that exactly today.

On Tuesday’s deadline

The Euro Zone countries had previously rejected an extension of the current assistance program after 30 June also.

On Tuesday still standing by are billions in aid for Greece. The reason for the decision Dijsselbloem called the rejection of the creditor proposals by the Greek government and the Athens planned referendum on the proposals.

The investors did react flexibly and maximum were ready to respond to the economic situation, he said. The Greek government but the process stopped.

Greek Prime Minister Alexis Tsipras had announced a few hours before the decision, the Greek people in just over a week in a referendum to vote on the reform and austerity proposals of donors.

This angered many finance ministers of the euro group. Even if the Greeks should vote in a referendum on the austerity and reform package, it turns to representation Dijsselbloems still the question to whom to negotiate with confidence.

© Tagesschaude / Translation

 Verhandlungen mit Eurogruppe gescheitertGriechisches Parlament stimmt für Referendum

2015-06-28 02-47 Berlin