Jun 27

Varoufakis: Creditor Proposal Offers “No Hope,” Greece At “Historic Moment” (ZeroHedge, June 27, 2015):

As Jerome Dijsselbloem fearmongers all the worst parts of the bible that are about to befall Greece, Yanis Varoufakis is explainiing the Greek decision:

  • *VAROUFAKIS: CREDITOR OFFER LACKED HOPE FOR INVESTORS, CONSUMERS
  • *VAROUFAKIS SAYS GREECE FIND ITSELF AT `HISTORIC MOMENT’

Adding that the decision by the Eurogroup (ex-Greece) to veto the program extension damages Europe overall, Varoufakis defiantly concluded, the Greek government has no mandate to accept a “recessionary” aid offer.

He added:

  • *VAROUFAKIS SAYS CREDITOR AID OFFER WAS RECESSIONARY
  • *VAROUFAKIS SAYS CREDITOR AID OFFER `BAKED IN’ NEW AID PROGRAM
  • *VAROUFAKIS: CREDITOR OFFER LACKED HOPE FOR INVESTORS, CONSUMERS
  • *VAROUFAKIS SAYS GREECE FIND ITSELF AT `HISTORIC MOMENT’
  • *VAROUFAKIS: GREEK GOVERNMENT HAD NO MANDATE TO ACCEPT AID OFFER
  • *VAROUFAKIS SAYS GREEK GOVERNMENT DETERMINED TO FIND A SOLUTION
  • *VAROUFAKIS: CREDITORS INSISTED ON PREVIOUS AID FORMULA
  • *VAROUFAKIS: EUROGROUP VETO OF PROGRAM EXTENSION DAMAGES EUROPE

But offered a final branch for negotiations…

  • *VAROUFAKIS: `HIGH PROBABILITY’ OF YES VOTE WITH LONGER PROGRAM
  • *VAROUFAKIS: IF GREEK PEOPLE `TELL US TO SIGN, WE WILL SIGN’
  • *VAROUFAKIS: GREEK REFERENDUM ISN’T ABOUT EURO MEMBERSHIP
  • *VAROUFAKIS: GREEK-AID PROGRAMS HAVE BEEN `QUITE CLEAR FAILURES’

In other words – extend the program and we may come closer to a deal.

Tags: , , , , , ,

Leave a Reply