BRUSSELS, July 1 (Reuters) – Euro zone finance ministers
piled pressure on Greek voters and their government on Wednesday
by warning that negotiations on a new bailout would depend on
the result of Sunday’s referendum on previous EU credit terms.
“We will come back to your request for financial stability
support from the ESM (European Stability Mechanism) only after
and on the basis of the outcome of the referendum,” Jeroen
Dijsselbloem, who chairs the Eurogroup, wrote to leftist Greek
Prime Minister Alexis Tsipras, who is calling for a No vote.
BRUSSELS, July 1 (Reuters) – The Greek government’s attempt
to kick-start talks on a new credit package got short shrift
from euro zone finance ministers, who decided to put all
discussion with Athens on hold until after a referendum on
They took the decision in a scheduled conference call that
began an hour after leftist Prime Minister Alexis Tsipras
delivered another fiery condemnation of “blackmail” by creditors
and called again for Greeks to vote “No” to a bailout deal that
has in fact already been taken off the table.
ATHENS/BRUSSELS (Reuters) – Prime Minister Alexis Tsipras has told international creditors Athens could accept their bailout offer if some conditions were changed, but Germany said it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal.
In exchange for the conditional acceptance, the leftist leader, who has so far urged Greeks to reject the bailout terms in a referendum planned for Sunday, asked for a 29 billion euro loan to cover all its debt service payments due in the next two years.
BRUSSELS (Reuters) – The president of the European Commission, Jean-Claude Juncker, has told Greeks that saying ‘No’ to a bailout deal would be a vote to ditch the euro. Greece’s Finance Minister Yanis Varoufakis has said Greece had no intention of quitting and cannot be forced out.
The conflict is driving the European Union into legal limbo and no one has a clear answer as to what could happen next.
BRUSSELS (Reuters) – The EU’s Jean-Claude Juncker delivered an emotional condemnation of the Greek government on Monday, accusing it of betraying his efforts to broker a loan deal and urging Greek voters to defy their leaders by voting “Yes” in Sunday’s referendum.
Accusing leftist Prime Minister Alexis Tsipras and his ministers of playing “liar’s poker” with the future of Europe, the European Commission president said if Greeks rejected what he called a final, fair offer from creditors to save them from bankruptcy, it would be taken as a signal that they wanted to quit the euro, and the Union.
BRUSSELS (Reuters) – EU chief executive Jean-Claude Juncker launched a last-ditch drive on Sunday to persuade Greece to agree a funding deal to save it from bankruptcy this week as Brussels insisted the “door is still open” for negotiations.
Appealing over the heads of the leftist government direct to Greek voters, Juncker’s European Commission published what it said was the sweetened offer that Greek negotiators were looking at on Friday night in Brussels when they got news from Athens that Prime Minister Alexis Tsipras had rejected the deal and would seek public endorsement of his move in a referendum next Sunday.
BRUSSELS (Reuters) – Europe’s grand project to bind its nations into an unbreakable union by means of a common currency lurched into uncharted waters after EU governments refused funding to save Greece from defaulting on its debts.
While finance ministers of the other 18 euro zone states chorused their insistence that Greece would remain inside the bloc, exasperation with the leftist government’s decision to reject creditors’ final offer and instead call a referendum was manifest and some officials spoke privately of expelling Athens.
BRUSSELS (Reuters) – Hours of late-night squabbling in Europe’s highest council of state left EU leaders licking political wounds on Friday and preparing for weeks of hard bargaining over a plan to cope with a flood of migrants from the south.
German Chancellor Angela Merkel called finding a common EU solution to the hundreds of thousands fleeing by sea and land from Africa and the Middle East the “biggest challenge” Europe had faced in her decade in power – greater than the Greek and wider euro zone debt crises and Russian action against Ukraine.
BRUSSELS (Reuters) – Prime Minister David Cameron told European Union leaders on Thursday he needed a new deal to keep Britain as a member, opening a struggle over the bloc’s future at a summit preoccupied with keeping Greece from crashing out.
Freshly re-elected last month, Cameron faces difficult negotiations if he is to persuade other EU members to accept new terms for the United Kingdom before a referendum by the end of 2017 on whether Britain will stay or go.
BRUSSELS (Reuters) – European Union leaders meeting in Brussels have a daunting list of long-running crises on their plates — notably migrants crowding in at their southern borders, Russia growling in the east, Britain’s threat to quit and a desperate need to create jobs.
But Greece’s looming bankruptcy next week forced its way on to a packed first-day agenda of the Brussels summit on Thursday, causing increasingly frustrated fellow leaders to again demand Prime Minister Alexis Tsipras stop asking them for favours and go and cut a cash-for-reform deal with their finance ministers.