Saturday, June 27, 2015

Varoufakis out in the middle of the Eurogroup. “Grexit” closer – Daily News – Lisbon

The euro zone yesterday dismissed the minister’s proposal Greek Finance, Yanis Varoufakis, for an extension of a month of the second bailout for Greece. The aim of the Greek request was to give time to the government to ask the people to “accept the proposal of the creditors.” Given this, the president of the Eurogroup Jeroen Dijsselbloem, questioned: “How will survive without money for a month?”. And it did not accept the proposal of Athens, who fell badly to all other ministers.

The decision of the Eurogroup resulted in a rupture. The meeting was interrupted to continue minutes after a setting that suggests a “Grexit”, is said in the room where the meeting took place, since without this Greek delegation. Varoufakis had left the middle.

The setting of a Greek exit from the euro zone is now admitted something “very sorry”, the President of the Eurogroup, for whom this “risk exists”. The Greek finance minister also warned that the consequences of yesterday’s decision “may be permanent,” to the credibility of the euro zone.

Varoufakis considered that “the rejection (…) the extension of the program by a few days to allow the Greek people give their verdict on the proposals of the institutions, will surely damage the credibility of the Eurogroup as a democratic union. I am much afraid that this damage is permanent, “the Greek minister.

President of the European Central Bank, Mario Draghi, promised by his side “do everything possible to save the euro”, but did not remove the scene of a rupture with Greece. However, the ECB nobody wants to hear about the Greek exit from the euro zone. “That makes no sense. To us, the euro is the euro, with all its members,” he commented source of the ECB to DN.

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