Government Policy

  • 2015-06-29 18:26


    --Adds Quotes and Additional Information
    --Tsipras Urges Strong 'No' Vote; Says EU Will Back Down

    ATHENS (MNI) - Greece's Prime Minister Alexis Tsipras hinted Monday he might resign if the Greek people vote in favour of the creditors' proposal in Sunday's referendum, and accused the EU and the IMF of interfering directly with the democratic procedure of the referendum with liquidity "asphyxiation" which resulted in the Greek banks' being closed.

    At a interview with Greek public television, ERT, Tsipras said he would only implement a viable agreement and will respect the decision of the Greek people.

  • 2015-06-29 17:18


    --Tsipras Urges Strong 'No' Vote; Says EU Will Back Down

    ATHENS (MNI) - Greece's Prime Minister Alexis Tsipras hinted Monday he might resign if the Greek people vote in favour of the creditors' proposal in Sunday's referendum, and accused the EU and the IMF of interfering directly with the democratic procedure of the referendum with liquidity "asphyxiation" which resulted in the Greek banks' being closed.

    At a interview with Greek public television, ERT, Tsipras said he would only implement a viable agreement and will respect the decision of the Greek people.

  • 2015-06-29 14:58


    --Lawmakers Have Focused on Trade, Health Care, Spending
    --Iran Nuke Talks Dominate Foreign Policy Interest
    --Hearings on Greece Likely During July 6 Week

    WASHINGTON (MNI) - There was an unusual event on Capitol Hill last week, in addition to Congress finally approving long-lapsed trade promotion authority legislation: a U.S. congressional panel actually held a hearing on the economic situation in Greece.

  • 2015-06-29 10:48


    By Denny Gulino

    WASHINGTON (MNI) - The U.S. Treasury is chiming in with occasional statements urging a "pragmatic" solution for Greece, including debt relief, but mostly as a bystander rather than through its role as the IMF's dominant member. But the situation is different as Puerto Rico's crisis deepens, with the island's financial future very much a U.S. domestic affair.

    The drama of Greece wrestling with the EU and creditors, including the IMF, unexpectedly deteriorated over the weekend and an deadline for a repayment to the IMF looms Tuesday. A missed IMF payment would not be considered by the ratings firms to be a formal default and it take could the IMF months or years to declare a default.

  • 2015-06-29 09:14


    By Angelika Papamiltiadou

    ATHENS (MNI) - European Commission President Jean-Claude Juncker asked Monday for the Greek people to vote 'Yes' to the upcoming referendum called by their government, irrespective of the question, and stressed that a 'No' vote would mean rejecting Europe.

    Speaking at a press conference in Brussels, Juncker claimed that he was not informed of the Greek Prime Minister's decision to call a referendum "despite the 20 hour long discussions held before Friday."

    He also claimed that the technical groups of both sides were in session on Friday to further improve the deal "when the Greeks unilaterally broke off the talks and walked out."

    Juncker said that the Greek government should tell the whole truth about the merits of the creditors' proposal

  • 2015-06-29 08:12


    By Angelika Papamiltiadou

    ATHENS (MNI) - European Commission President Jean-Claude Juncker asked Monday for the Greek people to vote 'Yes' to the upcoming referendum called by their government, irrespective of the question, and stressed that a 'No' vote would mean rejecting Europe.

    Speaking at a press conference in Brussels, Juncker claimed that he was not informed of the Greek Prime Minister's decision to call a referendum "despite the 20 hour long discussions held before Friday."

    He also claimed that the technical groups of both sides were in session on Friday to further improve the deal "when the Greeks unilaterally broke off the talks and walked out."

    Juncker said that the Greek government should tell the whole truth about the merits of the creditors' proposal

  • 2015-06-29 05:59


    By Flemming-Emil Hansen

    VIENNA (MNI) - European Central Bank Governing Council member Ewald Nowotny said Monday that the Greek government's decision to have a referendum on international austerity demands could've been sensible weeks ago, but has now put Greece and its banks in a very dramatic situation.

    Speaking on the sidelines of a conference in Vienna, Nowotny told reporters that the Greek government is running a great risk to its financial system and entire economy by calling a last-second referendum that could go both ways.

    "The political situation isn't easy for the Greek government, but it also has a responsibility towards its own population to be realistic," he said.

  • 2015-06-29 03:58


    -Referendum Decision One For Greek People, Not UK Govt

    LONDON (MNI) - UK Prime Minister David Cameron said Monday that the UK's interests would be best served by a binding agreement between Greece and the eurozone.

    "Britain's interest will be best served, particularly in these times of great uncertainty, by an agreement between the Greek government and the eurozone that delivers the security and stability that we want," Cameron told BBC Radio's Today programme.

    "We need a eurozone that works," he added.

    Cameron was asked whether he believed the July 5 Greek referendum on the latest proposals offered by the creditor institutions was effectively a vote on member ship of the euro, he said "yes."

    "If the Greek people vote No, I find it hard to see

  • 2015-06-29 03:02


    By Jack Duffy

    PARIS (MNI) - France's Finance Minister Michel Sapin said Monday that talks with Greece could "restart at any moment" and were necessary to keep the country in the Eurozone.

    "It is up to us to say that there is another possibility to an exit from the euro," Sapin told France Inter radio. "Greece's place is in the euro."

    He said talks that were interrupted by Prime Minister Alexis Tspiras's decision to call a referendum on July "could restart at any moment."

    "To protect the future of Greece and the future of Europe is to ensure that the negotiations resume," Sapin said.

    But he said Greece was not being squeeze by its Eurozone partners but by "the harshness of the reality" of its situation.

  • 2015-06-29 02:22


    By Jack Duffy

    PARIS (MNI) - EU Economic and Monetary Affairs Commissioner Pierre Moscovici said Monday that talks with Greece must continue to keep the country in the Eurozone.

    "There is room for maneuver and only a few more centimeters we need to go" to reach an accord, Moscovici told RTL radio in Paris. "It is necessary to continue and the European Commission's door is still open."

    Moscovici called on Greece's Prime Minister Alexis Tsipras to urge Greek citizens to vote "yes" on the July 5 referendum.