Monday, June 29, 2015

“Betrayed” Juncker criticizing the Greeks – Helsingborgs Dagblad

He speaks quietly and quiet – but is also fierce in their criticism of Prime Minister Alexis Tsipras and his government.

– It is high time Greece’s political leaders to take responsibility and tell the people what is really at stake. This is the moment of truth.

Juncker defends package Greeks offered and urges Greeks to vote in the upcoming referendum – regardless of how the question is asked.

– You must not kill himself because one is afraid of death, says Juncker.

His statement will after Greece left the negotiations on further emergency loans. Concerns that the country seriously approaching a financial crash and could be forced to leave the euro zone has since increased, with falling stock markets from Asia to Europe.

The Greek banks and the Athens Stock Exchange will be closed for 7 July. It also introduces a ceiling for cash withdrawal at 60 euros (555 dollars) per day. The government has announced that tourists are exempted from the socket roof nor pension payments are affected.

According to the Prime Minister of Sweden Stefan Löfven involves a real risk that the country leaves the euro .

– The risk is of course where we can absolutely not be so naive that we do not see it. But it does not mean that the euro as such collapses. There is the Euro Group, an alternative plan if it would be so bad that it actually ends with Greece leaves, says Löfven to P1 morning.

According to the Greek Finance Minister Yanis Varoufakis compromises still possible. He encourages lenders to show goodwill. But the chances are slim assess Sweden’s Finance Minister Magdalena Andersson (S).

– It seems now unlikely that the scheme will be extended tomorrow, even if the Greeks started talking about it again, says Andersson at a press conference in Visby.

On Wednesday also the European Central Bank (ECB) decide on any increase in a specific emergency liquidity assistance to the Greek banks.

The emergency situation for banks was discussed at several crisis meetings yesterday – both the Hellenic Financial Stability Council and the government was in crisis meetings.

The acute crisis became a fact when the Greek Parliament decided that a referendum on the terms of the loan to be held on 5 July. Prime Minister Alexis Tsipras has called on Greeks to vote against the lenders bid.

According to Prime Minister Stephen Löfven it is a serious situation for Greece, the euro countries and the EU.

– What happened the other day when Greece suddenly say you want a referendum at one minute twelve and also think that the people will vote against – the action does not impress me, says Löfven in P1 Morgon.

Sweden’s direct exposure against the Greek economy is small. The indirect effects on Sweden’s difficult to assess in terms of both financial turmoil and real economic impact, according to Finance Minister Magdalena Andersson.

– We are following developments closely, says Andersson.

What can happen if the turmoil in financial markets is increasing, according to Andersson that there will be large fluctuations in the currency market. What then happens to the crown is difficult to predict.

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