07:06 GMT +313 December 2019
Listen Live
    Greece's Finance Minister Yanis Varoufakis attends an emergency Parliament session in Athens, on Friday, June 5, 2015

    Greek Minister: Creditors' Proposals Offered No Hope for Reaching Deal

    © AP Photo / Petros Giannakouris
    Politics
    Get short URL
    Greece's Gordian Knot: Syriza Tackles Austerity (404)
    0 51
    Subscribe

    The proposals tabled by the international creditors did not give any hope for reaching a deal with Greece, Finance Minister Yanis Varoufakis said Saturday.

    BRUSSELS (Sputnik) – Varoufakis said at a press conference following an extraordinary Eurogroup meeting on Greece:

    “What was proposed to us did not contain any plan for giving hope in investors, both Greek and non-Greek, in consumers and depositors, that this five-month period that was proposed to us would be a period of consolidation and a period of overcoming the crisis.”

    The minister added that the creditors instead tried to "drag us back into the MoU [Memorandum of Understanding, a third bailout package in exchange for harsh austerity measures]."

    “The refusal of the Eurogroup today to endorse our request for an extension of this agreement for a few days, a couple of weeks, so as to allow Greek people to deliver their verdict on institutions proposal.. will certainly damage the credibility of the Eurogroup,” Varoufakis said at a press conference following an extraordinary Eurogroup meeting on Greece.

    He added that this damage could be “permanent.”

    The Greek government will sign a deal with its international creditors should the people vote for it in the upcoming referendum, Varoufakis said.

    “Our government committed to implementing the verdict of the Greek people. If the Greek people wanted us to sign on the dotted line, we would,” Varoufakis said at a press conference following an extraordinary Eurogroup meeting on Greece.

    Earlier on Saturday, Prime Minister Alexis Tsipras announced that a surprise referendum on whether to accept an accord for a new bailout with Greece’s creditors would take place July 5.

    “Anyone who says that this referendum is about the euro is imposing a very shaky interpretation upon a very clear reality. The reality is that this is not about the euro and it could never be about the euro,” Varoufakis said.

    Topic:
    Greece's Gordian Knot: Syriza Tackles Austerity (404)

    Related:

    No Extension of Greek Bailout Program - Finnish Finance Minister
    Greece Bailout Program to Expire on June 30 - Eurogroup Head
    Greece Belongs to Eurozone - European Commission
    Tags:
    creditors, bailout program, debt talks, Eurogroup, Eurozone, Yanis Varoufakis, Greece
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik