Europe Government

  • 2015-07-02 05:59


    LONDON (MNI) - The following is the full text of a release, published Thursday by Standard & Poor's in London, outlining its views on the potential for financial market risk as a result of a potential Greek exit from the single currency.

  • 2015-07-02 05:08


    By Martin Baccardax

    LONDON (MNI) - Greece's Finance Minister Yannis Varoufakis said Thursday that he will resign from office is his country' votes yes in the Sunday bailout referendum.

    Speaking with Bloomberg television, Varoufakis also said that a 'Yes' vote would mean that the government would sign an agreement with its international creditors "on the dotted line".

    "It's time after five years of extending and pretending that we put a stop to this," he said.

  • 2015-07-02 04:59


    By Martin Baccardax

    LONDON (MNI) - Greece's Finance Minister Yannis Varoufakis said Thursday that he will resign from office is his country' votes yes in the Sunday bailout referendum.

    Speaking with Bloomberg television, Varoufakis also said that a 'Yes' vote would mean that the government would sign an agreement with its international creditors "on the dotted line".

    "It's time after five years of extending and pretending that we put a stop to this," he said.

  • 2015-07-02 02:46


    By Jack Duffy

    PARIS (MNI) - France's Finance Minister Michel Sapin repeated Thursday that a 'no' vote in Sunday's Greek referendum could trigger events could push Greece out of the euro.

    "In case of a 'no' on Sunday evening, we enter unknown territory, an economic slide" that could end in a Greek exit, Sapin told the iTele television channel.

    Sapin said the Eurogroup was united in its position on Thursday that no accord was possible immediately because of the referendum. But he said if Greeks vote 'yes' on Sunday "we can get back to work and reach a deal with Greece."

    More

    --MNI Paris Bureau; tel: +33 1-42-71-55-41; email: jduffy@mni-news.com

    [TOPICS: M$E$$$,M$F$$$,M$X$$$,M$Y$$$,MFF$$$,MFX$$$,MGX$$$]

  • 2015-07-01 11:45


    --Adds Quotes After Eighth Paragraph

    ATHENS (MNI) - Greece's Prime Minister Alexis Tsipras on Wednesday called for Greeks to vote 'No' in Sunday's referendum, saying that a rejection of the latest proposals by the country's creditors would lead to a better deal.

    In an televised address, Tsipras said that a 'No' vote "does not mean exit from the Eurozone." He said he still wanted an an agreement with creditors which did not cut pensions and wages and included a debt relief.

    Since the referendum had been called, Tsipras said he had already received offers of "better deals," but he did not elaborate.

    Tsipras stressed that if Eurogroup finance ministers, who will discuss a new Greek proposal today at 17:30 CET, accepted it, "then we will resp

  • 2015-07-01 11:29


    By Johanna Treeck

    FRANKFURT (MNI) - Italian Prime Minister Matteo Renzi on Wednesday said negotiations with Greece will resume after the referendum on July 5, if indeed there is one.

    "In my view, the Greece referendum is a mistake," Renzi said in a joint press conference with German chancellor Angela Merkel. Nevertheless, he said he would respect the will of the Greek people.

    Renzi said that talks with Greece will resume after the referendum "if there is one", but signalled that Greece would not see easy conditions in any new deal.

    "As long as we live in one house we must honour our rules," Renzi said, noting that Italy cannot cut pensions alone.

  • 2015-07-01 11:17


    --PM Says Better Deal Can Be Achieved After Referendum

    ATHENS (MNI) - Greece's Prime Minister Alexis Tsipras on Wednesday called for Greeks to vote 'No' in Sunday's referendum, saying that a rejection of the latest proposals by the country's creditors will lead to a better deal.

    In an televised address, Tsipras said that a 'No' vote "does not mean exit from the Eurozone." He said he still wanted an an agreement with creditors which did not cut pensions and wages and included a debt relief.

    Since the referendum had been called, Tsipras said he had already received offers of "better deals," but he did not elaborate.

  • 2015-07-01 08:55


    -- Don't Even Know If There Will Be Referendum

    FRANKFURT (MNI) - Germany's Finance Minister Wolfgang Schaeuble said Wednesday that relations between Greece and Germany must improve before talks can begin again.

    "There needs to be a minimum amount of trust," Schaeuble said to Germany lawmakers in Berlin, noting that within a currency union you cannot work with a government that refuses to adhere to and implement agreements.

    "We do not even know if the Greek government will hold the referendum, if it is for or against it," Schaeuble said. The Greek government has to decide what it wants before new talks could start in earnest, he asserted.

  • 2015-07-01 08:06


    -- Adds Quotes, Comments From SPD's Gabriel

    FRANKFURT (MNI) - Germany's Chancellor Angela Merkel Wednesday affirmed that there will be no new negotiations with the Greek government ahead of Sunday's referendum.

    Speaking to the German parliament in Berlin, Merkel asserted that "the future of the Europe is not in danger."

    "The door for discussions with the Greek government was always open and remains open," Merkel said. "Now we are waiting for the referendum."

    She affirmed there would be no new aid talks before then, adding that the German government could not start talks without the prior approval of the German parliament.

    The rest of Europe no longer needs to fear an economic catastrophe as result of Greek turbulences, Merkel said.

  • 2015-07-01 07:41


    By Johanna Treeck

    FRANKFURT (MNI) - Germany's Chancellor Angela Merkel Wednesday affirmed that there will be no new negotiations with the Greek government ahead of Sunday's referendum.

    Speaking to the German parliament in Berlin, Merkel asserted that "the future of the Europe is not in danger."

    "The door for discussions with the Greek government was always open and remains open," Merkel said, before adding that new talks about a new bailout programme can only start after the Greek referendum on July 5.

    Europe is much stronger today than it was fiver years ago, Merkel said, adding that the rest of Europe no longer needs to fear an economic catastrophe as result of Greek turbulences.