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Brussels, June 19 – President of the European Parliament Donald Tusk warned the Greek government: “Accept our offer which we consider is good. Or walk through ολόισια into bankruptcy. The situation for Greece is critical.”

Zougla.gr / Translation

Συμφωνία ή χρεοκοπία

Time running out on Greece bankruptcy  

Mr. Tusk described the critical situation in Greece, as the program ends in 11 days. He urged Athens to stop the games of fear and blaming others.“

There is time, but just a few days. At the end of the day this is a Greek decision and responsibility.

“However, he added that Monday’s summit will not be the final step, saying the details of technical negotiation is the responsibility of Finance Ministers.

Reuters is reporting that Angela Merkel suggests Monday’s summit may turn out to be an “advisory meeting” should there be no basis of cooperation.

EU officials stress that the June 22 meeting of eurozone finance ministers will discuss the handling of a Greek bankruptcy there there are no new reform proposals presented by Athens.

If alarm bells sound and a climate is created that Grexit is a reality there will be a new outflow of deposits from banks – from Friday the amount is EUR 1.2 billion.

The noose tightens dramatically around Greece.Essentially, the Wednesday’s withdrawals (950 mil. euros) , Thursday (1 bln.) and Friday (reports to over 1.2 bn. euros),.

Greece has not benefited from the strengthening of the Special Liquidity Facility (ELA), from which they received this week a total of 2 , 9 bln.  

Maximus: The ultimatums have no place in the discussion “Expected, unnecessary and predictable” to characterize warnings within government circless , and shortly after the ultimatum of Donald Tusk to reach agreement or bankruptcy.

“The ultimatums have no place the discussion. It will not affect the substance of the debate which enters the final stage with the repeated consultation of  Prime Minister Alexis Tsipras with the President of the European Commission, following Tsipras return from Moscow.”

“The government is optimistic about recheaching agreement, and is working to “highlight government sources, says broadcaster. In this context, a meeting of the Government Task Group with the participation of Dragasaki, Pappas Sagias, Tsakalotos.

Poland prepars for Grexit: Special Prime Minister’s meeting  Meeting with the governor of the central bank as well as Foreign and Finance Ministers on Monday the Prime Minister of Poland Eva Kopats issued an order to examine the effects of a potential Greek exit from the euro.

“We must be ready for it.We are not in the eurozone:“We in the European Union and for this reason a summit on Monday,” he said from Bratislava.

According to the news agency PAP, the Polish Finance Minister Mateus Tzourek said in Brussels that there is a high risk of deterioration of the crisis in Greece.

He made assurances that Poland is prepared for any market turbulence in the market following a Greek bankruptcy. 

Zougla.gr / TranslationJune 19, 2015

Συμφωνία ή χρεοκοπία