Further postponement to the dossier “Greece”. The eyes of investors were focused on ‘ Eurogroup ‘ s Eurosummit , in which they discussed the measures proposed by Tsipras to avert default. “The Greek proposals are a step welcomed but need more work with the institutions. The Eurogroup will meet again in a week,” announced the Commission Vice-President Valdis Dombrovskis at the end of the summit.
Dombrovskis: “From Athens concrete proposals”
“From Greece came concrete proposals to the EU”. This was stated by Deputy Chairman of the Committee, Valdis Dombrovskis, on Bloomberg TV. “The proposal is very specific, for example with regard to the objectives of primary surplus, in line with the requests of the institutions,” said Dombrovskis, explaining that ‘primary surplus of Athens in the next four years “will be the 1-2-3-3,5% of GDP respectively.” But other measures proposed by Athens “are to be assessed and need more time.”
Tusk Today we will put an end to political gamble
“I convened this summit because time is running out, now put all the cards on the table, the strategies must end, we must put an end to this political gamble. ” This was stated by Prime Minister Donald Tusk that EU leaders must “avoid the worst scenario, ie a” Graccident “chaotic”.
Exchange, Milan closes positive: + 3.47%
The Milan Stock Exchange closed up sharply. The FTSE MIB gain 3.47% to 23,485 points, while the All Share index registered a 3.32% to 24,984 points. Markets, after the postponement of the Eurogroup, believe it is still possible agreement on the dossier Greece.
Meeting Juncker-Dragons-Lagarde-Tusk-Dijsselbloem
Another preparatory meeting pre-Eurozone summit on Greece from the EU Commission President Jean-Claude Juncker, ECB President Mario Draghi, President of the European Council, Donald Tusk, President of the Eurogroup Jeroen Dijsselbloem and the IMF director Christine Lagarde. The new meeting was held at the Justus Lipsius after the end of the Euro.
Stock Exchange Athens, closing super
The Athens Stock Exchange closed sharply higher, with the index Ase up 9% to 749.17 points.
Bags EU always positive: there is optimism
European stock markets have accelerated the pace at the end of the Euro, and the news of a new meeting this week to seek an agreement. Athens Fly with the ASE index rising by 8.5%. Frankfurt, Paris and Madrid go up by more than 3%. In Milan the FTSE Mib is near the highs of the morning and earn 2.18%.
Dijsselbloem: “We need more technical work”
“Given the short time that the institutions have had to analyze the new proposals we could not give a final vision. They It gave a first impression, now part of the technical work immediately to make the calculations and reach an agreement in a week “said the chairman of the Eurogroup Jeroen Dijsselbloem.
Greece, new reference for solution
“The Greek proposals are a step welcomed but need more work with the institutions. The Eurogroup will meet again in a week, we need an agreement in the coming days “: it announced the Commission Vice-President Valdis Dombrovskis at the end of the Euro.
Merkel: if you do not decide today there is still time
“If the ‘agreement and the decision of Athens do not arrive today there are still many days this week to arrive at a decision. ” He said German Chancellor Angela Merkel, speaking at Magdeburg, and reiterating that a decision can now be based on an agreement with the three institutions.
Schaeuble: “From Athens no proposal of substance”
“There is nothing new, we have not received proposals of substance from Greece, you can not prepare a summit without them, “he told the German Minister Wolfgang Schaeuble entering the Eurogroup.
Spain: agreement today can not
“An agreement is not possible today”. He said the Spanish economy minister Luis de Guindos entering the Eurogroup.
Bild: “That’s why we are for Grexit”
“That’s why Bild is for Grexit”. With this title, and a page of analysis, the tabloids of Axel Springer is in favor of Athens exit from the euro. “Greece is in fact bankrupt – it says -. For pensions and salaries are missing more than 3 billion at the end of the month.” “The Greeks themselves do not believe in the solvency of their banks,” he continues. “No one in the world believes that Greece will never return the money borrowed.” And young Greeks are “hostage of the euro and a wrong policy of the EU”.
Possible new meeting Thursday
“There was a bit ‘of confusion with the versions of the proposals arrived, my expectation is that we will meet again on Thursday before the next summit,” he told the Irish Finance Minister Michael Noonan entering the Eurogroup.
EU: it is estimated only proposal signed by Tsipras
The three institutions are considering a single proposal, it is” the one that has the signature of Prime Minister greek “Alexis Tsipras. So the European Commission spokesman Margaritis Schinas, who asks what is the proposal that is being considered at this time, to reach an agreement on Greece.
Bags EU increasingly euphoric
They run the European stock markets on confidence of a compromise at the last minute to save Greece from default. Athens (Bs Ase + 8.03%) is the best, followed at a distance from Frankfurt (+ 3.21%) and Paris (+ 3.15%), Madrid (+ 2.69%), Milan (+2, 25%) and London (+ 1.33%). Purchases have focused on Greek Alpha Bank (+ 22.33%), Piraeus (+ 20.55%) and National Bank of Greece (+ 18.18%). Follow Bper (+ 5.74%) and Intesa (+ 3.91%) with BNP (+3.95%).
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