viernes, 3 de julio de 2015

LATEST ON GREECE. 2 REPORTS: EURO NEWS & AP



LATEST ON GREECE. 2 REPORTS: EURO NEWS & AP (Associated Press)
Compare these reports with lies & distortions in BBC & the US media 
By Hugo Adan. July 3, 2015

2- THE DAY BEFORE VOTE followed  by AP  reporters
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1. EUROnews.


Prime Minister Alexis Tsipras insisted on Thursday that a ‘no’ vote in Sunday’s referendum would give him a chance to negotiate a better outcome with the country’s lenders.

He made the promise in an interview with Greek TV, as voters decided whether to accept the latest debt deal.  But Tsipras was forced to concede that a ‘yes’ vote would likely bring a quick end to capital controls.

“If the ‘yes’ vote wins, the banks will open but with an unviable deal. But if that is the decision of the Greek people – either from fear, pressure or choice – we will respect it,” he told Greek TV.

“But if the ‘no’ vote wins, and the ‘no’ is stronger, I assure you, the very next day I will be in Brussels and a deal will be signed,” Tsipras added.

His comments came as European Parliament President Martin Schultz called for Tsipras and his team to be replaced by a technocrat government if Greeks voted ‘yes’.

The International Monetary Fund warned on Thursday that Greece would not survive without massive debt relief and 50 billion euros in new financing.
But IMF chief Christine Lagarde reiterated that Athens wouldn’t get any special payment terms from them.

One analyst told the Associated Press news agency that most lenders were uneasy at the prospect of debt relief.
“When the IMF calls for a debt relief it doesn’t include its own lending. The European Central Bank has done the same exact thing. The ECB is in favour of debt relief for Greece too, just not the debt that the ECB is holding.” said Megan Greene, Chief Economist of Manulife Asset Management.
She added that Germany isn’t in favour of any debt relief.

As ATM queues grew longer on Thursday, Bloomberg reported that Greek banks’ liquidity reserves would “probably only last until Monday”.

As much as the public feared cash shortages for household expenses, business leaders said they needed emergency liquidity to prevent the wider economy grinding to a halt.
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Which institutions own Greece's debt
€ billion 
Eurozone 193,8
Other bond holders 48,8
IMF 32,3
ECB 20,0
Greek banks 10,9
Other lenders 10,5
Sources: Open Europe, European Parliament, Bank of Greece, Greek Ministry of Finance
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Eurozone members most exposed to Greece’s debt
€ billion
Germany 56,473
France 42,409
Italy 37,267
Spain 24,763
Netherlands 11,893
Belgium 7,233
Austria 5,790
Finland 3,739
TOTAL 
Source: Open Europe, IESEG
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Cost of Greek debt per person
In euros Apx+
The cost of the Greek debt for each person in most exposed countries in case of a total debt relief.

700   Netherlands
600  Germany, Finland, Austria,  Belgium, France, Italy
500   Spain
400
300
200   Slovakia
100   Portugal
0
Sources: Open Europe, The World Bank
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2- THE DAY BEFORE VOTE followed  by AP  reporters


THE LATEST: GREEK PM URGES VOTERS TO IGNORE SCAREMONGERS.  AP  ASSOCIATED PRESS Report


ATHENS, Greece (AP) -- The latest news on Greece's financial woes and its upcoming referendum on Sunday (all times local):

10:50 p.m.
Greece's prime minister is urging citizens to vote "no" in Sunday's austerity referendum and shun those who threaten the country with economic ultimatums.

Alexis Tsipras told throngs of demonstrators at the main "no" rally in Athens' central Syntagma Square Friday that the referendum is not a choice about whether or not to stay in Europe, but a decision about living "in Europe with dignity."

He said Greeks wants Europe to return to its core values which it has sidelined for the sake of "dead-end" austerity programs.

Tsipras said Greece won't abandon Europe "in the hands of those who want to drag her away from her democratic traditions."

He said Greeks "have justice on our side and we will win," urging voters to ignore scaremongers and to remain united no matter the outcome.
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9:00 p.m.
Police in Athens say about 25,000 people have gathered in the capital's Syntagma Square for a rally supporting a "no" vote in the upcoming referendum on whether to accept a new bailout deal.

Meanwhile, about 17,000 people gathered outside the nearby Panathenian stadium for the "yes" rally, police said.

Friday was the last day of campaigning before Sunday's referendum on whether Greece should accept creditors' demands for more austerity in return for bailout loans.
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7:55 p.m.
Brief clashes have broken out between a group of youths and police in the Greek capital's Syntagma Square just before the start of the main "No" rally backed by Prime Minister Alexis Tsipras' government.

Greek police used pepper spray Friday evening to deter several dozen anti-establishment protesters from throwing rocks and smashing property in the big Athens square in front of parliament.

The `Yes' side was holding its rally just 800 meters away in a different section of central Athens. Friday was the last day of campaigning before Sunday's referendum on whether Greece should accept creditors' demands for more austerity in return for bailout loans.
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7:50 p.m.
The leader of Greece's conservative main opposition party says a "no" vote in Sunday's austerity referendum would drastically weaken the country's negotiating position with its creditors.

Antonis Samaras said Friday that all of Europe would perceive a "no" victory as a rejection of the euro currency itself - and that would result in Greek banks staying shuttered even longer, despite the government's vow they will open Tuesday.

Prime Minister Alexis Tsipras said earlier, however, that Sunday's referendum was not a vote on whether Greece will remain in the 19-nation eurozone. Tsipras backs keeping the euro currency.

Samaras also rejected Tsipras' claim that a deal with creditors could be hammered out within 48 hours after the referendum.

He called on Greeks to support a "yes" vote to keep Greece inside the eurozone.
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7:25 p.m.
In a rare move, 16 former armed forces leaders of Greece have signed a joint declaration calling on the Greek people to show "calm and national unity" ahead of Sunday's referendum on whether to accept creditors' demands for more austerity.

The letter said "Greece is at a highly critical moment in its history that will require difficult and inevitably painful decisions ... All Greeks, united and above party political lines and divisions, must help with all means available to address this situation with calm and national unity."

The letter was signed by three former chiefs of the armed forces, nine ex-army chiefs, two former heads of the navy and two former heads of the air force.
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7:15 p.m.
The Council of State, Greece's highest administrative court, has rejected an appeal by two citizens asking for Greece's critical referendum on austerity to be ruled unconstitutional. The vote will be held as planned on Sunday.

Court president Nikos Sakellariou said Friday "the referendum will proceed normally."

The reasoning behind the decision was expected to be issued later in the day.

The two men had appealed to the court on the grounds that Greece's constitution bars popular votes on fiscal issues. Greek voters are being asked whether to accept creditors' demands for more austerity in return for bailout loans.
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6:50 p.m.
A new opinion poll shows a dead heat in Greece's referendum campaign with just two days to go before Sunday's vote on whether Greeks should accept more austerity in return for bailout loans.

The ALCO survey for the newspaper Proto Thema gave the "Yes" campaign a 0.6 point lead over the "No" vote in the bailout referendum - well within the 3 percent margin of error. Of those interviewed, 41.7 percent said they would vote yes and 41.1 percent intend to vote no, with 10.7 percent undecided and the rest either casting blank ballots or abstaining.

The survey, released Friday just ahead of the final campaign rallies, also found that 76 percent of Greeks want to stay among the 19 nations using the euro currency.

Asked whether holding the referendum was a good idea, 42 percent said yes while 48 percent said it was a mistake.

The poll was carried out July 1-3.
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5:55 p.m.
The eurozone's financial rescue fund - officially Greece's largest creditor - says it considers the country to be in default, even though Athens has not missed a repayment to the fund itself.

The European Financial Stability Fund said Friday it considered Greece's failure to cover a 1.6 billion-euro ($1.8 billion) repayment this week to the International Monetary Fund to be an "Event of Default" that allows the EFSF to activate a loan repayment demand. Fund CEO Klaus Regling says "this event of default is cause for deep concern. It breaks the commitment made by Greece to honor its financial obligations to all its creditors, and it opens the door to severe consequences for the Greek economy and the Greek people." 

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