| Author (Person) | Kaminski, Matthew |
|---|---|
| Series Title | Politico |
| Series Details | 30.06.15 |
| Publication Date | 30/06/2015 |
| Content Type | News |
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Report of developments in the Greek debt crisis on the 30 June - 2 July 2015 - the 30 June 2015 was the day when Greece was due to make a €1.6bn repayment to one of its key international creditors the International Monetary Fund Greek Finance Minister Yanis Varoufakis sent a letter to the chairman of the Eurogroup of finance ministers of the eurozone Jeroen Dijsselbloem. In the letter Greece requested an extension of its international bailout and a two-year funding and debt restructuring programme, but offered no concessions to the demands of its international creditors for further economic reforms. An extraordinary Eurogroup teleconference was held in the evening of the 30 June 2015 to examine the Greek proposal. At midnight on the 30 June 2015 Greece officially missed the €1.6bn payment to the International Monetary Fund (IMF) and saw its bailout expire. A further Eurogroup teleconference was planned for the 1 July 2015 to discuss the situation and the latest proposals from the Greek government. However it became clear during the 1 July 2015 that the eurogroup, and Germany in particular, was making clear that no further substantive negotiations on reaching an agreement with Greece could take place before the hastily planned referendum on the 5 July 2015. Led by President Hollande, France took a more conciliatory approach with Greece The Council of Europe said the referendum would 'fall short of international standards' if held as planned on the 5 July 2015, citing the short notice given to voters and the lack of clarity in the question to be put to voters. IMF Managing Director Christine Lagarde was reported as saying that she wanted to see real economic reforms in Greece before opening discussions on any new debt package. |
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| Source Link | http://www.politico.eu/article/greece-default-debt-eu-tsipras-asks-for-fresh-money/ |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Greece |
