Eurogroup: Greek program extension not extended (Live)

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The work in the Eurogroup has been temporarily suspended and the crucial meeting is expected to resume without the presence of the Greek side. Earlier it was leaked that the Eurogroup meeting was over. Information from Brussels states that the finance ministers of the Eurozone decided not to accept the Greek request and to extend the Greek program.

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Eurozone finance ministers reject extension of Greek program, according to sources quoted by Agence France-Presse. Mario Draghi. It is added that according to an EU official, the discussions of the Eurozone Finance Ministers with Greece may continue in a separate meeting afterwards, with the participation of the same Ministers, but without the participation of Greece. At the "table" of the Eurogroup liquidity, Plan B for the next day and how to prevent the spread of the crisis in the rest of the Eurozone, practically what Greece and Europe will do after July 1. Deputy Minister of International Economic Relations Euclid Tsakalotos after the end of the Eurogroup will have a joint meeting with the Deputy Prime Minister Giannis Dragasakis with t ECB President Mario Draghi, who will be asked to continue providing liquidity to Greek banks. After the end of the Eurogroup, Geroun Deisleblum is expected to give a press conference. The government's decision to lead the country to a referendum, saying it closed the door to further discussion. "We are getting closer to plan B becoming plan A" was the characteristic comment of the Spanish Minister of Finance Luis de Guidos. "The decision on the referendum has obviously made the situation more difficult," he said. "We are heading for uncharted waters," said Irish Minister Michael Nunan, adding that he was surprised by the announcement of the referendum and did not know what would happen next week. "There were signs of convergence between the proposal of the institutions and the Greek side and I will continue the effort to bridge the differences," he added. "Plan B has become Plan A," said Finnish Finance Minister Alexander Stoub, adding that there is a He said that yesterday the decision of the Greek government to go to a referendum was an unpleasant surprise and that as a European, he feels sorry for the Greek people. We respect the decision of the Greek government to go in a referendum, however, he has been elected to make decisions and that is what he should do, said Slovak Finance Minister Peter Casimir as he arrived. He pointed out that if Greece rejects the proposal on the table, the program is over. In turn, the Maltese Minister of Finance Eduard Skilouna said that holding a referendum is a legitimate move for any government, but this decision of the Greek government "He should have taken it earlier, because today the purpose of the meeting was to reach a decision and ask for its approval by the Parliaments tomorrow," he said, noting that there were "a few days left until the end of the extension." Earlier, the processes in Brussels were intense, both at the level of Euroworking Group and at the level of Eurogroup. According to information, the EuroWorking Group is said to suggest rejecting the request of the Greek government to extend the program, beyond June 30, due to of political developments. At the same time, as reported by Mega, sources participating in the negotiation report that the proposal of the lenders is withdrawn from the table of discussions, while the next steps will be discussed after the finance ministers of the eurozone hear the suggestion of Giannis Varoufakis. Meanwhile, particularly annoyed from the decision of the Greek Government to hold a referendum, Geroun Deiselblum appeared. He described the decision to hold a referendum as a negative surprise and the fact that the government is taking a no-vote. "Greece has closed the door to negotiations while it was still open," he said. , adding; "We need to look at the situation first, the institutions will look at where we are, where we are going and then we will decide," said Commissioner Pierre Moscovici. Mr. will tell us. Eurogroup time

18:12 Confirmation of the negative climate that has been created in Brussels after the sudden decision of the Greek government for a referendum, are the developments so far in the Eurogroup that has suspended its work for a while. There is still confusion as to why this happened and when it will continue. However, the information so far speaks of the rejection of the Greek request for extension of the program. Even more worrying is the information that G. Varoufakis will not participate in the meeting.18:04 - Information wants the work in the Eurogroup to be temporarily suspended and to continue shortly without the presence of the Greek side. Earlier it was leaked that the Eurogroup meeting was over. Information from Brussels states that the finance ministers of the Eurozone decided not to accept the Greek request and to extend the Greek program.18:01 - According to Mega Hellas, information states that the text of the creditors of June 25 was not the final one and that at the time the referendum was announced by the Greek side they were preparing a new improved proposal. 17:01 - The US did not comment on the decision of the Greek government to hold a referendum. According to the Mega correspondent, in relation to relevant questions he asked the White House, the IMF and the US Treasury Department, he has not received, at least for the time being, any answer or comment.16:34 "Let's end the circus," said the Bavarian prime minister. German politicians use harsh statements on the occasion of the Greek announcement for a referendum on July 5. The Prime Minister of Bavaria and President of the German Christian Socialists (CSU) in the federal government, Horst Seehofer, has been talking about the "circus" offered to us by the Greek government for a few weeks now. "We must end this circus as soon as possible. "The ball is in the Greek government's court," he told Bild, adding that the situation would be clarified during the weekend's talks. European Parliament Foreign Affairs Committee Chairman the possibility of civil war, simply because of their ideology "and adds that" in fact they are not at all interested in the fate of their people ".16:31 - In a joint statement, the Presidents of the German Left (Die Linke) Berd Rixinger and Katia Kipping praised the announcement of the referendum and stated characteristically: "EU elite, attention, this is democracy", while the vice-president of the K.O. of the party Zara Wagenknecht, in a post on Twitter, emphasizes: "The dictatorship of the euro broke out! Referendum: no to a further impoverishment program for Greece and to the meaningless 'burning' of the billions of European taxpayers ". Economist Clemens Fuest, for his part, estimates that the announcement of a referendum will dramatically intensify the raid on Greek banks and stresses that "only by controlling the movement of funds from Monday can Greece be given time to hold the referendum on July 5."16:25 - Whether Greek citizens vote "yes" or "no" Barclays analysts see a new cycle of unrest in Greece. According to the Guardian, Barclays states in its analysis that government officials emphasize the fact that the referendum concerns the negotiations and not the Greek position with the Eurozone and the EU. In fact, the analysis continues, the two questions are connected. The bank estimates that if the "no" vote emerges from the referendum, the chances of a Grexit increase significantly. Barclays analysts also estimate that if capital control has not been imposed by then, it is certain that the measure will be imposed after July 5. In the scenario that wants the referendum to result in a "yes" in Greece at the time, Barclays notes, there will be a political crisis and in particular a new government must be formed in order to complete the negotiations and implement the agreed reforms.16:00 - I expect another lecture from Varoufakis, said the Slovak Minister of Foreign Affairs, Peter Kazimir, adding that this is not the first time that Greece "creates drama".15:41 - Yanis Varoufakis told Reuters that he will ask for an extension of the program for a few weeks for the purposes of the referendum, adding that the government is determined to implement the decision of the people and reach an agreement with the lenders in the spirit of the result. As for the payment to the IMF on June 30, he said it depends on the flexibility of lenders and asks the EU. return of 1,9 billion euros in profits from Greek bonds held by the ECB to pay the Fund on Tuesday. The finance minister stressed that banks must remain open during the transition period, and the ECB's role is to ensure this. 15:40 - All YPOIK are in the room - The Eurogroup begins.15:37 - After the Eurogroup meeting, the meeting of the Deputy Prime Minister, Giannis Dragasakis, and the Deputy Minister of International Economic Relations, Euclides Tsakalotou, with the head of the ECB, Mario Draghi, according to government sources.15:31 - "The Greek government has ended the negotiations unilaterally. The program ends on Tuesday. "None of my colleagues predicts an agreement", states the German Ministry of Finance, Seibel.15:27 - The majority of finance ministers are against the extension, said the Finnish Minister of Finance, Alexander Stubb, adding that "Plan B becomes Plan A".15:20 - We want Greece to remain in the Eurozone, said the Spanish Minister of Finance, Louis de Guidos.15:04 - In her statements, Christine Lagarde stated that the institutions have always shown flexibility. "The purpose of what we all do together is to restore the stability of the economy in Greece. And that is what we will continue to do. This requires a balanced approach, on the one hand there must be reforms, while fiscal stabilization is required, and on the other it requires support from partners. "We will continue to work," he said.15: 00 - Dasselblum stressed that he was negatively surprised by the decisions of the Greek government, attending the Eurogroup meeting, and added that this decision closed the door for further consultations with Greece, which "in my mind was still open". A statement, which also shows the attitude that Dasselblum will take during today's session.14:30 - The arrivals of the finance ministers in the Eurogroup began, with the Frenchman Michel Sapin arriving first.14:25 - "The deadline is a deadline". With this laconic statement, the Deputy Minister of Foreign Affairs, Eric Vibes, chose to be appointed.Earlier:

Circles in Brussels have been reporting since the morning that the institutions are seriously considering withdrawing their proposal, in an effort to weaken Alexis Tsipras, on the grounds that if there is no proposal then the referendum will be pointless. It is not ruled out that the control of Greece may be imposed. However, at present, the situation in Brussels is not clear.Source: philenews / news.in.gr / huffingtonpost.gr / iefimerida.gr