Monday, July 6, 2015

Europe Ponders Next Move After Greece Rejects Bailout

Greek Prime Minister Alexis Tsipras said he is ready to return to the negotiating table after 61 percent of voters in a snap referendum voted against Greece accepting further austerity measures in exchange for financial bailout funds. He said the mandate strengthens his ability to negotiate a better deal for this country.

Some of his fellow eurozone partners, however, are not impressed with the referendum results. Germany is taking a hardline stance against Greece and it efforts to renegotiate for additional funds.

"In light of yesterday's decision by Greek citizens, there is no basis to enter into negotiations on a new aid program," Steffen Seibert, a spokesman for German Chancellor Angela Merkel, said Monday.

Sigmar Gabriel, Germany's vice chancellor and economic minister, told a German newspaper that the Greek government is leading its people "onto a path of bitter austerity and hopelessness.''

Tsipras has "torn down the last bridges across which Europe and Greece could move toward a compromise,'' Gabriel told the daily Tagesspiegel.

"The ball is in now in Greece's court," Finnish Finance Minister Alexander Stubb said. "Negotiations can only be resumed when the Greek government is willing to cooperate and commit itself to measures to stabilize the country's public economy and implement the structural reforms required for debt sustainability."

French reaction

Meanwhile, the French finance minister held out the possibility of further talks with Greece. Michel Sapin said discussions with Greece are not "taboo," but added Greece has no hope of recovering from its financial chaos "in the months and years to come" with its current repayment obligations.

"Europe is facing a difficult moment, but it is not in difficulty itself," Sapin said. "Europe will show it is strong by protecting itself."

French European Affairs Minister Harlem Desir said the Greek "no" vote Sunday in the snap referendum did not mean Greece wants to leave the euro, but talks with Greece must start soon "on a serious basis."

The European Commission said it "respects" the result of the referendum. 

   voanews.com
6/7/15
--
-
Related:

1 comment:

  1. Putin and Tsipras discuss results of Sunday’s referendum in Greece...

    Russian President Vladimir Putin in a telephone conversation Monday has discussed with Greek Prime Minister Alexis Tsipras the results of Sunday’s referendum in Greece, where around 60% of voters rejected the terms put forward by international creditors.

    The Kremlin press service said the talks were held on the initiative of Athens.

    The leaders of the two countries also discussed "some issues of further development of Russian-Greek cooperation." "Vladimir Putin expressed support for the Greek people in overcoming the hardships that the country now faces," the Kremlin said..........http://tass.ru/en/world/806252
    6/7/15

    ReplyDelete

Only News

Featured Post

US Democratic congresswoman : There is no difference between 'moderate' rebels and al-Qaeda or the ISIS

United States Congresswoman and Democratic Party member Tulsi Gabbard on Wednesday revealed that she held a meeting with Syrian Presiden...

Blog Widget by LinkWithin