"It is true that we are seeking an honest compromise with our lenders but don’t expect an unconditional agreement from us."Thus, unless Greece obtains unconditional funding from Russia, we will see either a voluntary Grexit or involuntary Grexident from the eurozone in the coming days.
I'll be meeting with Parliament later today to discuss the course of our negotiations. #Greece pic.twitter.com/WEi7vAzXEI
— Alexis Tsipras (@tsipras_eu) March 30, 2015
#Greece's delegation at #BrusselsGroup presented reform proposals only in e-form for mobile devices and in Greek ~EU official to @tagesschau
— Yannis Koutsomitis (@YanniKouts) March 30, 2015
"Greek proposals for a revised bailout program don’t have enough detail to satisfy the government’s international creditors, eurozone officials said, making it more likely that Athens will need to go several more weeks without a new infusion of desperately needed cash."Indeed the Troika are singularly unimpressed with the proposals, as per a eurozone official:
"The proposals were piecemeal, vague and the Greek colleagues could not explain technically what some of them actually implied.Scathing comments to say the least!
So, let’s hope that they present something more competent next week.”
"Brussels Group" talks on #Greece bailout to resume here at 1pm.
— Peter Spiegel (@SpiegelPeter) March 30, 2015Every time the negotiations heat up, some new rumour of my resignation, demise etc. springs up. Somewhat amusing...
— Yanis Varoufakis (@yanisvaroufakis) March 27, 2015The Greek government strongly denies the rumours that Greek Finance Minister #Varoufakis resigned (@RANsquawk)
— Open Europe (@OpenEurope) March 27, 2015There is speculation in Greek and German newspapers that you have resigned. Any comment? .@yanisvaroufakis
— RANsquawk (@RANsquawk) March 27, 2015Greek Finance Minister Varoufakis is considering resigning, according to Greek newspaper Kontra and Bild: http://t.co/ddjzFn6zKA #Greece
— Open Europe (@OpenEurope) March 27, 2015Here is the original Greek Kontra news report on #Varoufakis potentially resigning cited by Bild http://t.co/PQOYmkPhWy
— Open Europe (@OpenEurope) March 27, 2015
"The list the government will submit to the Eurogroup for reforms will be an elaborate national reform plan of the Greek government, it said in a non-paper released on Thursday.This of course will go nowhere, the Greek government has in effect stuck two fingers up to the Troika and the eurozone. Thus Greece will default and be forced out of the eurozone.
The government stressed there would be no recessionist measures and called for the understanding and support of the Greek society.
According to the statement, the memorandum ended on January 25 and the new Greek government signed for an extension of the loan agreement based on the Eurogroup decision of February 20.
Negotiations are taking place on the basis of reforms proposed by the Greek side, and they do not include recessionary measures or measures of reduced pensions and wages or measures that will further throw the labour market off track.
"If we had signed to continue the memorandum, then what would the purpose of negotiations be?," it asked, adding that "the new government would have continued to apply whatever the previous government had bequeathed it. It is obvious something like that cannot be done - on the contrary."
It cited laws that it had voted to deal with the humanitarian crisis and the overdue debts, in contrast to the previous finance minister's intentions. Referring to the previous prime minister, the government said that Antonis Samaras "in essence is doing what the technical experts began doing when they came to Athens.
Despite the decision of February 20 - which does not say anything about the completion of 'the current programme' - Samaras and the technical experts thought that on January 25 absolutely nothing changed in the country." This is why, the government said, Prime Minister Alexis Tsipras sent the letter to European leaders to meet on the sidelines of the EU Summit in Brussels, "to clarify the content of the February 20 decision. And that is exactly what happened."
If the main opposition, the government said, "wants to contribute to the effort of the government to give the Greek society a breather, it would be best if it does not try, even through rhetoric, to mix the country up in the memorandum past - the power of habit is understandable, and the weakness of the opposition is understandable."
"In the significant days ahead of us, we are asking for the support of Greek society in the struggle for dignity, prosperity and social justice," it concluded."
Breaking News: 3G Capital, Berkshire to Buy Kraft Foods, Merge It With Heinz http://t.co/OX2jlrncWT
— Bloomberg Business (@business) March 25, 2015Eurogroup Chief Dijsselbloem: “That [Greece is] all but broke, we knew already.” - finally something him & Greek FM Varoufakis agree on...
— Open Europe (@OpenEurope) March 25, 2015
#Greece | Daily @ta_nea reports a Tsipras envoy has traveled to Iran in search of investors for Greek T-bill issuances. /via @Hekimoglou
— Yannis Koutsomitis (@YanniKouts) March 23, 2015
"declaration of war".
Greek PM Alexis Tsipras to Visit Moscow April 8 -- Greek Govt Official
— Katie Martin (@katie_martin_FX) March 17, 2015#Greece gov confirms that #AlexisTsipras will visit #Kremlin for talks with Putin April 8th. Announced as top US dip visits Athens
— Helena Smith (@HelenaSmithGDN) March 17, 2015"None of my colleagues, or anyone in the international institutions, can tell me how this is supposed to work.The clock is ticking, Greece as a result of its "game plan" will not remain in the eurozone. The only question remaining is when will it go.
Greece was able to sell those treasury bills only in Greece, with no foreign investor ready to invest. That means that all of the confidence was destroyed again."
"..If Germany leaves, that is more likely for me, as far as I am concerned that Germany would depart from the euro...".Thus we can see the "strategy" of Syriza, to make Greece so poisonous to Germany (and it certainly is succeeding there) that the Germans will eventually reject Euro membership and walk away.
"We have come to the decisive moments.Bollocks!
The Commission is not a lead player in this phase, but we'll do everything to cooperate. What we exclude is a default. I think a solution in the coming weeks is possible".
"the Commission is not a lead player in this phase".
"Clever people in Brussels, in Frankfurt and in Berlin knew back in May 2010 that Greece would never pay back its debts. But they acted as if Greece wasn't bankrupt, as if it just didn't have enough liquid funds.Greece is determined to be thrown out of the Eurozone, whatever Juncker and his fantasists in the EC may wish for.
In this position, to give the most bankrupt of any state the biggest credit in history, like third class corrupt bankers, was a crime against humanity."
"The troika is a cabal of technocrats that used to arrive in Athens and enter the ministries with a kind of power play that smacked of a colonial attitude.However, there is a vast gulf between Greece's posturing to the media and reality as Bloomberg notes:
That practice is finished. We shall endeavor to do whatever it takes to provide the institutions with whatever information they need.”
"It’s impossible for Greece’s creditors to adequately audit the government’s accounts without sending officials to Athens, a troika official said. The government would need to fly hundreds of Greek officials to Brussels for the work to be done there, he added.Thus the Troika/cabal will return!
As Draghi pressed Varoufakis to accept the return of the troika officials, the minister said that the idea that Greece was opposed to such a move was a misunderstanding, according to one of the officials with direct knowledge of the exchange.
Can they start soon? Draghi asked.
Varoufakis agreed.
Wednesday?
And the deal was done."
“It seems their money box is almost empty.”No surprises there then!
.@ken_frost Talks with troika haven't even begun yet. EU officials not sure why Varoufkais coming with new letter before troika talks start
— Peter Spiegel (@SpiegelPeter) March 6, 2015Am told new @yanisvaroufakis letter to @J_Dijsselbloem now has 7 reform proposals, not 6
— Peter Spiegel (@SpiegelPeter) March 6, 2015"€group is not in pos to have discussion of [@yanisvaroufakis] measures if they have not been discussed by 3 institutions," says #EU offl
— Peter Spiegel (@SpiegelPeter) March 6, 2015The new @yanisvaroufakis letter to @J_Dijsselbloem not received until after € working group meeting, so not prepped for #Eurogroup.
— Peter Spiegel (@SpiegelPeter) March 6, 2015#Greece FinMinistry rejects press reports that EwG discussed Gr proposals yesterday. Also rejects reports that troika is coming to Athens
— Efthimia Efthimiou (@EfiEfthimiou) March 5, 2015
Big victory for UK in case v European Central Bank, which banned clearing & settlement of euro deals from City http://t.co/ariT4hUv7j
— Robert Peston (@Peston) March 4, 2015
THE GENERAL COURT (Fourth Chamber)hereby:1. Annuls the Eurosystem Oversight Policy Framework, published by the European Central Bank (ECB) on 5 July 2011, in so far as it sets a requirement to be located within a Member State party to the Eurosystem for central counterparties involved in the clearing of securities;2. Orders the ECB to bear its own costs and to pay those incurred by the United Kingdom of Great Britain and Northern Ireland
Major win for UK & single market that #ECJ struck down @ecb location policy – unfair & had absolutely no place in our modern EU economy
— George Osborne (@George_Osborne) March 4, 2015#Greece struggles to find cash to pay off creditors as rumours of third bailout grow: http://t.co/jpnKEKSzsG
— Open Europe (@OpenEurope) March 3, 2015Greece needs to repay... pic.twitter.com/S4g0ocfHY1
— Jonathan Ferro (@FerroTV) March 3, 2015
Eurostat: Euro area unemployment rate at 11.2%, EU28 at 9.8% in Jan 2015 http://t.co/DfVcntzFfl
— Open Europe (@OpenEurope) March 2, 2015