Last quote about Greek bailout
All quotes about Greek bailout
There is a widespread feeling in Greece that the delays in the country's exiting from the crisis are due to the disagreements between its creditors, however several crucial economic reforms have not yet gone through. In any case, further delays to the completion of the review on progress of the reforms can only bring more problems to the already extremely troubled Greek economy.
If the European Union can survive these hurdles and make it through to 2018, then we should see a positive mid-single-digit return this time next year. That's the standoff – European finance ministers want to see more spending cuts and tax increases, while Tsipras [the prime minister] is claiming that austerity has gone too far and that there's no more they can cut.
The farmers' protests are only one of many headaches for the government, with feelings running high among more and more people whose salaries have fallen and taxes risen in seven years of severe economic austerity.
No country has managed to achieve what Greece has done in terms of improving its competitiveness.
"No country has managed bigger steps to improve competitiveness than Greece,"
It goes without saying that it will happen sooner or later.
"We are ready to discuss anything within the framework of the (bailout) agreement and within reason, but not things beyond the framework of the agreement and beyond reason,". "We will not discuss demands which are not backed up by logic and by numbers,".
Yes, it is on a shaky ground in the sense that we don't see how the International Monetary Fund could manage this problem.
We are ready to discuss anything within the framework of the (bailout) agreement and within reason, but not things beyond the framework of the agreement and beyond reason. We will not discuss demands which are not backed up by logic and by numbers. Absurd, imaginary unreal, it doesn't matter, as long as it is made to look like Greece is to blame.
The most immediate reason why Italian bonds fell this morning is their close connection to renewed tensions over the Greek bailout terms with new disagreements between the Eurogroup of sovereign creditors and the IMF.
We have categorically stated that there is no case for legislating even a euro's worth of additional measures beyond those outlined in the (bailout) agreement, and particularly not for the post-programme period. Any demand to legislate additional measures, with an element of conditionality, is not only alien to the Greek constitution, but to the rules of democracy.
What would be the purpose of elections now? I'm not even sure New Democracy really means it, it makes the call because it is obliged to.
Ultimately a solution can only be in the interests of Greek and Turkish Cypriots, in other words, a solution that ultimately will be viable, functional and will remove fear from the people of Cyprus.
If you look at opinion polls in Greece, Syriza, the party of Alexis Tsipras is seriously struggling, and if there was an election now it would probably be won by traditional, mainstream center-right party. Things look different and people, voters grow a bit disillusioned about them.
Once these parties … get into power, they are in a way, if you like, confronted with the reality of running a country.
Greece again will have a difficult year ahead because we will have further negotiations with other euro zone countries. The big elephant in the room remains the issue of debt relief with Germany very unlikely, I would say, to make concessions in an election year.
We are waiting for you to reach an understanding. But at the same time, don't ask for things you know cannot be done in an economy carrying the wounds created by your own mistakes.
I'm convinced (the review) will be concluded positively, it will be concluded promptly and, most importantly, it will be concluded without new measures after the programme expires (and) without the excessive demands some are putting on the table.
We want to heal the wounds of the crisis and help those who have made great sacrifices.
We are trying to support Greece. ... We want a fair distribution of refugees throughout Europe.
We support a fair and viable solution without guarantees, without occupation troops and without fear for the citizens of Cyprus.
Our creditors need to keep in mind that the Greek people have made enough sacrifices and now it's time for them to fulfill their obligations. We are decisive that we will never surrender our people to the 'yes men' who want Greece in the straight jacket of austerity for many years ahead.
We have delivered on our obligations and our creditors need to do their part. I'm optimistic that Greece will achieve its goals. But we will never accept the logic of 'eternal austerity' that destroys Greek society.
The Greek Prime Minister's view will play a role in our talks. our talks were not always easy, but our they were always honest and sincere with the goal of obtaining results.
Our vision is that growth not only affects statistics and figures but that it heals wounds of the crisis and helps all those who made enormous sacrifices in the name of Europe and in the name of European stability.
We want it to heal the wounds of the crisis and to alleviate all those who have over these difficult years made huge sacrifices in the name of Europe.
To make the aid programme a success, it's essential that measures are not decided unilaterally or are not taken back without advance notice.
The projections for the Greek economy are extremely positive for next year.
The government cannot go on. It's hanging by a thread. Clearly it's to get a good rating in opinion polls ... He's stretching it because he can, at a time when Europe is being shaken.
They are handing out crumbs compared to what they stole from us.
We are living in misery and we won't tolerate being fooled any more.
[Tsipras] might give the pensioners some amount now, but it's just once. Cutting the pensions and the accounts from the pensioners… it takes back more than what he is giving.
(The ongoing standoff between the euro zone and Greece) also increases the chances of snap elections in Greece as after overplaying his hand and facing increasing difficulties in concluding the review, Tsipras may be tempted to cut his losses by calling early elections before Syriza (the ruling party) loses more support for adopting unpopular measures.
If (Greece's Prime Minister) Tsipras goes ahead, this would further antagonize the EZ (euro zone) creditors, putting at risk the promised short-term debt relief. On the other side, giving in to the creditors' pressure would make Tsipras look amateurish at best, and at worst, further undermine his credibility and standing domestically.
This is just a way for the ESM and the Troika to make sure the Greeks comply with everything they have to do.
Everything the Greek government does is within the framework of the agreement with the institutions. Both Greece and its lenders have to adhere to what has been agreed.
This is just a way for the ESM and the Troika to make sure the Greeks comply with everything they have to do. All-in-all it is not that big and I'm not worried about the fate of Greek government bonds. I still think they will be one of the best-performing bonds next year.
When we exceed targets and revenue by sticking to the programme, we will not seek anyone's permission to give this money to those who need it most.
We await a full report of the institutions in January.
We're moving towards the third consecutive year in which the government will achieve its goals. The goal of a surplus of 1.75 percent of GDP, which is part of the financial assistance agreement for 2017, is expected to be overachieved as well. The primary surplus is expected to reach two percent.
Greece, through its people's sacrifices, has carried and still carries the weight of Europe on the migration and on the financial crisis front. It's time for Europe to recognise this in practice.
Steady to our commitment to support the weak, we decided to immediately distribute most of our outperformance in 2016 revenues to low income pensioners.
It is absolutely impossible to maintain a primary surplus of 3.5% after 2018 if we are not to drown the Greek economy.
In our view, the deal is not sufficient to bring Greek public debt on a sustainable footing but political uncertainty might mean the ECB is inclined to include Greek debt (after) a successful second review. The bigger picture though is the IMF, it is crucial for Greece. I mean, maintaining political support from Germany and Netherlands is so important with elections coming up next year in both countries.
These must be lowered to give the Greek economy a chance to breathe.
We have adopted today the plan to reduce Greek debt in the short-term.
Goodbye Commander. Until the victory of the people, always!
We want the government to do a true redistribution of wealth and, at long last, tax the wealthy. Not just pass the burden of the crisis onto the poor.
Our government received a mandate to pull the country out of the crisis, with society standing upright, smashing this vicious circle of austerity ... to restore the wounded democracy in our country during the era of bailouts.
I did not wish to repeat the criticisms that many of have made during the election period.
It is a great honor that you are visiting Greece during your final Europe tour to give a special message to the world.
Let me point out that it was one thing that we knew about Donald Trump when he was seeking to become the candidate for the Republican Party, another thing during the election period, and now that he is the President-elect, and it's quite another when he will be the president of a country that is a major player, a global player.
The more aggressively and effectively we deal with those issues, the less those fears may channel themselves into counterproductive approaches that can pit people against each other.
I've been clear from the beginning of this crisis that in order to make reforms sustainable, the Greek economy needs the space to return to growth and start creating jobs again. We cannot simply look to austerity as a strategy.
I know this has been a painful and difficult time, especially for Greek workers and families, pensioners and young people. This crisis is not an abstraction, but has had a very concrete and devastating impact on the lives and livelihoods of millions of people across this country.
The negotiation can and will be concluded on time, for us to have positive decisions at the Eurogroup on Dec. 5. In other words, to begin talks for specific short-term, mid-term and long-term measures for Greek debt relief.
In other words, to begin talks for specific short-term, mid-term and long-term measures for Greek debt relief.
Prime Minister Tsipras made the decision to shake up his cabinet in order to boost the flagging popularity of the ruling SYRIZA party.
We have to repair what is going wrong, to change certain attitudes and take all the action needed to pull the country out of the long-lasting economic crisis. We have made all the necessary changes in the cabinet to do this.
We have the opportunity for a fresh start that will give us the necessary impetus for the last critical steps of a marathon leading us to brighter days.
For Greece and its citizens, there are no prospects by this dangerous government.
Nothing will block the government's determination to bring order... to the broadcasting landscape.
It would be a disaster. That won't happen.
We are almost certain that this year will close with a positive growth rate after many years, a small but positive growth rate.
As we abide by the accord, we expect the same thing from our partners. No delays, no foot dragging, no postponement will be tolerated.
If you read the third MOU (the Memorandum of Understanding, the bailout contract) between Greece and its creditors, which was passed in parliament in the August of 2015, it's very clear: 'The Greek authorities commit to agreeing with institutions' (it says). I can assure you that if you were going to sign a contract like that with me you would become my slave.
The Greek authorities have committed to agreeing with (lending) institutions. I can assure you that if you were going to sign a contract like that with me you would become my slave.
It's game over. And either we reboot the program, we tear it up and start afresh, or only by a miracle, of biblical proportions, can change be effective.
(Former prime ministers) all promised that within six months just around the corner we have a recovery coming, (but) It is impossible to have a recovery coming when tax rates keep going up.
By the end of the year we anticipate positive news on this front.
All data points to not only revenue doing well ... but that we entered a positive growth cycle from the third quarter of 2016. For 2017 we expect growth will approach three percent.
If from our part, as Europe, we don't honor our commitments, if we don't implement a difficult agreement, then we will once again be faced by major deadlocks.
In Greece today, the challenge of humane and affective refugee and migration management is tested. If we, the international community, fail in supporting this effort not only the social, but also the political repercussions will be felt, not only in Greece but anywhere.
From Europe's side there is an obligation that must be accelerated. Because what is this (EU-Turkey) agreement? We halt the illegal flows but we create legitimate flows. Which are the legitimate flows? It is the resettlement from Greece and the relocation directly from Turkey…and unfortunately from the 33,000 (reallocations and resettlements) promised by the EU in 2016 only 3,000 have taken place.
Our aim is not to focus on the number of EU states, neither more Europe nor less Europe, but a better Europe that will inspire again the European citizens.
By calling the Euro – Mediterranean summit Alexis Tsipras aimed to gain the support of his fellow leaders for an anti-austerity front to challenge Berlin's rhetoric for increased belt tightening. But this meeting also helps the Greek prime minister's attempt to salvage his government's sinking popularity.
There are serious concerns regarding the sustainability of Greek debt and it is in the interest not only of the Greeks but of the whole euro zone to find a lasting solution.
All countries should strive for a more growth-friendly composition of fiscal policies.
Summer is over. We really need to restart and pick up on the time lost. And the Greek minister, our Greek colleague, was I think convinced there was a joint interest for all of us to keep this on track. It has very much to do with trust, trust of course between us, trust in the IMF… but also trust from the outside world in Greece and the Greek economy.
This summit, this initiative, it is a positive step on the dialogue on the future of Europe. We're not and we don't wish to become one more little group, one more initiative which aims to divide and bring conflict in Europe.
This auction is a parody. The government wants to control information ... and secondly it wants to create a system of corruption that can be controlled.
We were not contesting a license, we came to negotiate ransom.
After 27 years, an auction conducted in a fully legal and transparent way will bring order to a TV landscape with a key role in forming political life in this country for years.
The government's decision to reduce the number of private broadcasting networks to just four is a way in fact to close down private channels that are not friendly to the government.
It also proves our decision to remain in the eurozone was the right one. Our government managed to stabilise the economy taking harsh but necessary decisions. Now we need solidarity more than ever.
I would hope (the recent regional upheaval) would change the climate in which discussions of debt relief happen, just because it's the right thing to do on its own, and at a time when Greece is in a position of geopolitical significance, that's a good time to reinforce their fiscal future.
The Athens visit of the US Treasure Secretary is anything but ceremonial. With Turkey in deep political crisis at the eastern border and Italy on the verge of a banking crisis to the west, Greece is expected to be a pillar of political and economic stability in the wider region.
The fact that we are sitting here now in July and the world is not worried about an immediate crisis in Greece is a good thing. But it does not mean that the issue is once and for all resolved and that is what the discussion in the coming months I think will need to be about.
If significant progress could be made on the refugee issue, it would make the other issues – from the continuing Greek debt crisis to the fallout from Brexit to the challenge posed by Russia – easier to tackle.
The British referendum will either serve as a wake-up call for the sleepwalker heading toward the void, or it will be the beginning of a very dangerous and slippery course for our peoples.
Only nine months after Syriza won a second successive general election, recent polls show a rapid decrease in the popularity of the radical left ruling party. And with more austerity on the horizon, this protest rally may well be just the tip of the iceberg for Alexis Tsipras and his coalition government, in terms of what lies ahead.
The willingness and ability of Greeks to pay these additional taxes will be limited. Austerity is reaching breaking point in Greece.
The Greek debt problem was not the biggest concern, but there is relief it is out of the way and the euro is drawing some support from that. The biggest focus in the currency market remains the Fed and rate hike expectations.
Greeks have already paid a lot, but this is probably the first time that the possibility of these sacrifices being the last is so evident.
European leaders will receive a message tonight, that Greece fulfils its obligations. Tomorrow, the other side must also take responsibility.
For the Greek government, hoping for a calm summer, this is the final test. Completing the evaluation of its efforts, and the disbursement of the next bailout installment are the minimum prerequisites for the Greek economy to return to growth. But there is a contradiction: the new austerity measures, especially the big tax hikes, will deprive the country of the 'oxygen' it needs to grow.
First, I believe this mechanism will definitely come into force. We can't escape missing the targets. Some say we should have introduced this from the very beginning. Second it will directly hit the public servants and the pensioners cutting wages and pensions by the same amount by which we miss the targets.
On our side we kept our obligations, both to the lenders and primarily to the Greek people – which is important because we are applying the deal using every possibility for flexibility with the goal of protecting society.
This non-aggressive fiscal adjustment – focused on the concern for the protection of the weak and of those with medium and low incomes, as well as the protection of our National Health and education systems – is bearing fruit, and the Greek economy appears now to be at the threshold of recovery. The prophesies of the modern day Cassandras who had been saying that we destroyed the economy while negotiating have been gloriously dismissed. Now is the time to make the right decisions.
We kept expenditure low, we gave a breath of fresh air to the economy by exploiting the EU's National Strategic Reference Framework that gave over five billion euros to the Greek economy and Greece was, for the first time, the number one country in absorbing those funds. We also had an excellent track record on tourism, we exceeded our targets on state revenues by two billion and we reduced unemployment by 1.5 percent.
Despite all that what does Eurostat tell us? That we had a primary surplus of 0.7 percent instead of the projected 0.25 percent primary deficit. That is to say that we exceeded the programme's target by nearly 1 percent. Let's not forget that at the same time the IMF forecasts were for a 1 percent (deficit) or 0.6 percent (deficit). We exceeded the IMF forecasts by 2.3 billion euros. And we did all this in a difficult year. Nothing happened by chance. Everything happened because we worked with vision, with patience and with persistence.
Greece therefore has a surplus of 0.7 percent, that is 1 percent above target and does not need any extra (austerity) measures. What Greece needs is a necessary easing of the debt if the economy is to take off, the investors trust will be regained and we will return to growth, finally.
Greece's fiscal policy performance has exceeded any expectation in 2015, and don't forget how difficult this year was. We have had two general elections, one referendum, closed banks and also an unprecedented refugee crisis that fell almost entirely upon Greece's shoulders.
At this critical stage we must by no means allow some people to drive this country back to the darkness of recession. We must march forward and overcome the crisis for good.
Prime minister, the data Eurostat published on the performance of the Greek economy are better than anticipated, but you still have a long and arduous way ahead. How do you evaluate these results?
Greece, which has a primary surplus of 0.7%, does not need extra measures. What Greece needs is an essential debt relief. Greece, in this last turn, needs a push forward not backwards. Those who have made huge mistakes, wrong choices and projections, should not be allowed to repeat their mistakes.
This is an island which has lifted all the weight of Europe upon its shoulders.
This constitutes a big disgrace for European civilization and for countries who want to become a part of European civilization.
Four of the five euro zone bailouts have gone pretty well - an 80 percent success rate. Yet if the IMF walks away from Greece now, everything they've done in Europe will be remembered as a failure.
It seems that some people are playing games with an aim to destabilize us. We will not allow (IMF's) Thomsen to destroy Europe.
We need to come back to our foundation values: solidarity, democracy, social cohesion. So the progressive forces must be united in order to face these big challenges…the extreme right policies and the forces that build fences and create a very bad atmosphere.
I would like to stress that the implementation of this readmission agreement sends a clear message to migrants coming from third countries: there is neither the political will nor the ability to cross to Europe [within the frame of the measures we are taking].
At Monday's summit, Greece will demand that burden sharing be equitable among all countries in the bloc, and sanctions for those that do not.
We will not allow Greece or any other country to be turned into a warehouse of souls. We are at a crucial moment for the future of Europe.
It is certainly not my intention to say, look, I have a refugee crisis and that gives me leeway to operate beyond the framework of the (bailout) agreement. The agreement will be kept.
We'll be outside parliament, with our tractors, if they submit a bill which does not satisfy our demands.
Today we are officially ending the road blockades. We are tired and we don't want to burden the rest of the country's residents.
No amount of pension reforms will make Greece's debt sustainable without debt relief, and no amount of debt relief will make Greece's pension system sustainable without pension reforms.
The problem is we have called for cooperation for a long time now and we don't get a response. So we need to find a convincing way to do it.
We disagree with these measures and call once again for cooperation. The problem is we have called for cooperation for a long time now and we don't get a response. So we need to find a convincing way to do it.
Some nations do not seem to comprehend that agreements, our common agreements, are either implemented, or there are no agreements. What we refuse to do is accept the transformation of our country into a permanent warehouse of souls and, at the same time, continue to act within the European Union and at summits as if there's nothing wrong.
We have presented our proposals on the pension reform, and informed the institutions (lenders) at the beginning of January. So far we don't have their official position.
This government's so-called fight against media tycoons is a left wing alibi for the populist government of Mr Tsipras which has proven unable to fulfil its economic promises.
"This government's so-called fight against media tycoons is a left wing alibi for the populist government of Mr Tsipras which has proven unable to fulfil its economic promises,"
This is the message I will deliver to (Greek Prime Minister) Alexis Tsipras.
We have made some commitments. We have made progress on these commitments. We will be completely ready with regard to these commitments in a month. What remains to be seen is whether Europe will meet its commitments toward Greece and toward an international problem. The refugee crisis isn't a Greek crisis. It's a European crisis and we must find European solutions for European problems.
Over the past seven years, with the crisis ravaging the Greek economy, 250,000 stores and companies of various sizes have gone out of business and over one million jobs have been lost. If the Marinopoulos supermarket chain goes the same way it would add another 400 closed outlets and 13,000 more layoffs.
In spite of the slim majority the SYRIZA led coalition government had a relatively quite night in parliament as it successfully managed to pass the 2016 budget through. There's no guarantee however, that this will be repeated in a few weeks time when further austerity legislation including a bill on the reform on social security with substantial pension slashes will be presented to the Greek national assembly.
Our goal was, and still is, the deep and radical reform of the economic, productive and social model of the country. To support labour rights, employment; the broadening of the social state, the protection of public property, fair taxation, and the protection of the environment.
The progressive forces have to promote the need to return to the fundamental values of Europe, which are solidarity, democracy, social cohesion, but also to build a wall against economic policies that prepare the ground for the far-right that today threatens the future of Europe.
In Greece wrong policies were applied and it is a paradox that those who recognized that there were wrong policies, admitting their mistake, insist on applying the mistake.
The bottom line is the debt will not be repaid in our lifetime.
Four of the five euro zone bailouts have gone pretty well – an 80 percent success rate. Yet if the IMF walks away from Greece now, everything they've done in Europe will be remembered as a failure.
It's smart domestic politics even if it is dumb diplomacy.
It is critical that your authorities ensure an environment that respects the privacy of their internal discussions and take all necessary steps to guarantee their personal safety.
The IMF is gearing up for new clients in the emerging economies. That is not best done by being soft on Greece. They won't go to the (IMF) board to approve participation in a third Greek bailout without something they think is tough and credible.
"Each time Tsipras is going to have to compromise, he needs to create an external enemy,". "It's part of his old populist playbook.
Each time Tsipras is going to have to compromise, he needs to create an external enemy. It's part of his old populist playbook. It's smart domestic politics even if it is dumb diplomacy.
The military interventions in the region were not to introduce democracy to these Middle East countries, but to serve interests, geopolitical interests that were wrong in their assessment by the governments of the West and the EU that they thought there would not be tragic consequences for the West.
Certain people need to understand that Greece has signed a deal that it will adhere to. But, it did not sign a deal to surrender its sovereignty, nor did it agree to the destruction of its social cohesion.
Coming here to Athens is also a salute to the lesson in democracy you have given in the past months. It is that of a people who became masters of their own destiny. It is a nation that faces the circumstances it finds itself under with courage.
The truth is, unfortunately, that the dangers which lie ahead of us, they were created because of your first administration, and the truth being that a very harsh Winter awaits the Greek people, perhaps the harshest they have yet been through.
We have to decide what Europe we want. Do we want a Europe of solidarity or one which throws teargas, showing these people its harsh side?
Debt restructuring will reduce investment risks and make our economy once again attractive to investors.
We aim to reform our country and to fight corruption.
The time has now come for us to prove that we are a force for reform.
Mr Tsipras apparently chose the right timing for the election, just before the tornado of the new austerity measures breaks out.
In the last nine months, Alexis Tsipras has managed to win two national elections and a referendum. The question now is whether he will be equally successful in pushing forward with the reforms he agreed with the country's lenders last July and drive the badly-damaged Greek economy back onto the road of growth.
Greek society wants to move away from the old political system and the message of this election is not just the reaffirmation of Alexis Tsipras' potential, but also the rejection of the old political establishment.
My friends, the mandate that we have been given by the Greek people today is also a crystal clear message for us to untangle viciousness and a world of corruption that all these years have been governing this country.
I feel the deep ethical and political obligation to lay before your judgement everything I have done both right and wrong, achievements and omissions.
You are on your way out, and you brought catastrophe.
There's going to be a coalition government, not a government of one party but of two or more, and it will have to deal with two major issues. The first is the third memorandum and the very tough measures which will have to be voted and, subsequently, implemented. And the second is the refugee influx, which has severely increased in the past months.
The verdict of the Greek people ends, beyond any doubt, the vicious circle of austerity in our country.
More than 20 opinion polls taking in the whole country over the last two weeks and covering all the parties have given a fairly clear estimate of the percentage of the votes they are going to get on Sunday. The parties, therefore, have focused on attracting as many as possible of the so-called undecided voters – the ones that apparently will determine the final outcome of this election.
Analysts are very reluctant to makes forecasts. They can't be sure if the undecideds will be evenly distributed between the bigger and smaller parties, or will shift towards one of the two main contestants so that one of them might even win an absolute majority.
With your vote, you will judge if the agreement has the right conditions to break this impasse, to help revive the economy, and whether this helps us to put an end to memoranda and cruel austerity measures.
In any case the vast majority of opinion polls are showing the two main contestants – SYRIZA and New Democracy – neck-and-neck, sometimes with less than one percentage point difference between them.
Talking to our Athens correspondent, Stamatis Giannisis. Stamatis, what is the latest from the election campaign? What are the polls showing?
There will be a government. There will be no 'unnatural' government. Because what Mr. Meimarakis wants is an unnatural coalition. The country will either have a progressive government or a conservative government.
A few hours before the election campaign officially starts, the political parties seem fragmented. The main issue at the heart of the pre-election debate will definitely be the third bailout programme as the next government will have to implement unpopular measures and difficult reforms which, on the other hand, are considered necessary for Greece to get the sufficient amount of money to finance the economy.
I am proud of the battle my government and I have fought. We fought to stay true to our promises. We negotiated hard and insistently, for a very long time, we held out against pressures and blackmail. It's true, we reached the limit. But we made the Greek issue into an international issue.
It would be unfair for the government to be brought down by its own deputies.
I think such a goal is attainable.
"The bailout cannot be a unifying basis for Syriza,". "The bailout cannot be the programme of Syriza, it falls outside its values, these are incompatible notions.".
Elections are not the best choice … but for the economy to pick up there must be political stability. To implement such a serious programme with painful measures, you cannot do that without a popular mandate.
I consider it self-evident after the deep wound in Syriza's parliamentary group for there to be such a move.
The bailout cannot be a unifying basis for Syriza. The bailout cannot be the programme of Syriza, it falls outside its values, these are incompatible notions.
"Elections are not the best choice … but for the economy to pick up there must be political stability,". "To implement such a serious programme with painful measures, you cannot do that without a popular mandate.".
"It would be unfair for the government to be brought down by its own deputies,"
If implemented with determination, the deal will allow the Greek economy to return to growth.
Despite the great difficulties that we have had throughout this period, despite the obstacle that some people even now seem intent on placing before us, I am optimistic.
If this is not dealt with at a European level and there is no substantial help, you all understand that the situation is very hard to resolve.
But there is another view, which is respected, that doesn't accept the government's analysis and believes there was an alternative available in the early morning hours of July 13. If this is the case….then I suggest the party hold a referendum on this crucial question.
It will require sufficient financing so that the program is actually credible and the element of debt restructuring, which will allow the Greek economy to walk on, not necessarily two legs as I have said, but four legs. It takes fiscal, structural reforms, financing, debt restructuring.
The people in the referendum, this 'vague; referendum, voted 'no' because of poverty and hunger – not for any other reason. Unfortunately, they took that 'no' and turned it into a 'yes'.
We don't have anyone capable of governing. No one is at the helm.
The external debt problem of Greece was transformed into a Greek private debt problem, with most families not being able to pay their taxes, pay social security contributions, pay mortgage loans,etc. That's why I thought as an economist that this was not really the appropriate programme for Greece.
I'm a businessman and I'm quitting. I'm done. And I'd like to see what kind of revenue the state will get when no one is working.
After a heated debate that lasted until the early morning hours of Thursday Alexis Tsipras' coalition government apparently won the battle but not the war as the left wing hard liners of Greece's Syriza ruling party once again stood their ground opposing the agreement with the country's lenders.
We are not in favour of the measures, we do not support Syriza's government, but we support our homeland and so we vote 'yes' to secure our country's place in the euro, we vote 'yes' to restore the trust that was lost because of your actions.
The cabinet reshuffle was unavoidable for prime minister Tsipras after key radical left-wing ministers refused to support the new deal with the country's creditors. The question now is whether this revamped Syriza-led coalition will be able to implement the austerity provisions in this agreement without further political losses.
Following the refusal of the outgoing cabinet's left-wing hardliners to support the new deal with the country's lenders, the Greek prime minister wanted to send a message both at home and abroad that he is determined to carry out the reforms he agreed last Monday in Brussels.
Despite the defection of about a quarter of his own MPs – and with a lot of help from the Opposition – Alexis Tsipras won the most crucial parliament vote since becoming prime minister. The question is, whether or not he'll be able to repeat this feat in a weeks time when the Greek National Assembly will be called to vote – this time in detail – on the latest austerity measures.
Prime Minister Tsipras has a serious cohesion issue in his government, as well as a deep division in his party. For the moment and until the agreement with the lenders is finalised, he will deal with neither, as the economy is the top priority for him. Afterwards, however, I believe disagreements inside the Syriza party will be inevitable.
A national election won't really be necessary if the mainstream political parties get together and find some common ground. Then we can either continue with this government, or alternatively, form a national multi-party coalition.
This 'blackmail' that you refer to, do you believe it is real or imagined? If you believe it is imagined, then I am open to alternative options, and we can go forward that way. If, however, you believe the blackmail is real, then there is no other option than for all of us to share the burden of this responsibility.
I think we found ways where it's true what I have repeatedly said, that the advantages clearly dominate disadvantages. The basic principles which we followed to rescue the euro are there, namely on the one side solidarity among member countries, and on the other side the responsibility of the country where changes need to take place.
We have had a tough battle for six months now and we fought until the end for the best deal, an agreement that will allow the country to stand on its feet. We faced tough decisions. We took tough decisions to prevent the realisation of extreme demands from the most conservative circles in Europe.
In the name of the European Commission, what I'm going to do is firstly to present an analysis of the financial risks for the eurozone. Secondly an analysis of the sustainability of Greek debt, then thirdly the needs which are very important to satisfy this programme. And that's the basis on which the ministers will have to make their decision.
Despite 17 defections from members of the coalition government, Alexis Tsipras won the Greek parliament's approval to go ahead with the new reform plans with the country's creditors. But the mutinies have caused great concern among the Syriza leadership in light of the fresh austerity measures the national assembly will soon have to pass.
I never asked for a 'No' vote in the referendum to pull us out of the euro zone, but rather to strengthen our negotiating hand. I didn't deceive the Greek people or the political leaders.
We definitely don't want to leave Europe. No Greek wants to leave Europe. However all these measures have brought many people to their knees, who are now saying: 'Let's get on with it'. We are all very sad but we don't want to leave Europe.
We have always advised that (rescue programmes) walk on two legs, if you will. One leg is about significant reforms and fiscal consolidation and the other leg is debt restructuring, which we believe is needed in the particular case of Greece for it to have debt sustainability.
I am angry because you are talking about reforms, but we never see concrete proposals of reforms…let's propose to end of privileges in your country, the privileges of the shipowners, the privilege of the military, the privilege of the orthodox Church in your country.
Your moment has come and, frankly, if you've got the courage, you should lead the Greek people out of the eurozone with your head held high.
If a sovereign government does not have the right to choose its own solutions, then we'll have to adopt an extreme and anti-democratic ideology. That is to say that for countries in a bailout programme we don't have to hold elections, we'll have to appoint governments, appoint technocrats and those will be responsible for the decisions.
I want to remind you Mr. Weber that the strongest moment of solidarity was in 1953 when your country came out indebted and looted after two world wars and Europe and all European countries showed the greatest solidarity in the 1953 London Agreement. And they decided to write off 60 percent of the German debt and agreed to a growth plan. That was the greatest moment of solidarity of recent European history.
And you're right that in Greece there are past solutions that have to be removed like for example early retirement and we first took the initiative to remove this without being told by anyone.
The sequence of events is completely clear. Firstly, the long-term proposals and then the readiness to talk about the short-term mechanism which will be linked to prior actions.
The Greek side will keep on trying, having in its arsenal the verdict of the Greek people, which was definite. The will of the Greek people is for a viable agreement which will end the discussion of a Grexit.
The spirit that I bring to this summit is responsibility, because this is a major European issue and everybody has to do his job; solidarity, because we must overcome once and for all these difficulties, if they are superable; and, finally, speed, because we have to act quickly.
It took almost seven hours to Alexis Tsipras in order to gain the support of most opposition leaders but the question now is whether he will be able to convince his European counterparts and lenders who are expecting him in Brussels on Sunday evening not with the friendliest intentions.
We gave an example of democracy. What is needed now is the forging of our national unity, to unanimously shape a strong national front, to restore normalcy in the economy. We also need to immediately find a solution to the problems in the negotiations with our partners.
We also need to send the message that our proposals are realistic and reasonable. We are in a position to promote immediately a meaningful negotiation to find a reliable solution and an honorable compromise for the good of Europe. Because we have to realise that Europe works through compromise and not through division.
The prime minister insists a 'no' on Sunday doesn't mean no to the Euro or no to Europe. But Alexis Tsipras has asked Greeks to think about the future of the country when they come to vote and promised that new negotiations would start on Monday.
Nothing will be the same after the referendum. Even if the government manages to stay on its feet and Tsipras gets the 'no' he wants, many things in the country are bound to change, dramatically.
...This rough path is the only way out of the crisis, towards progress and security.
The question of this referendum is not about staying in or leaving the euro. If something like that were to happen it would depend on a host of medium- and long-term factors and it is not an issue that can be decided by Greece alone.
This will be the eighth referendum in the history of modern Greece. As happened with most of the others, its immediate outcome may pale in significance compared to the bitter divisions it may raise in Greek society, which could last for years.
In a nutshell, the main initiator of the memorandum is now confirming the argument of Greek government that the solution they give us doesn't lead to a sustainable exit from the crisis.
Maybe this referendum marks a new period where we will have these kinds of referendums. I remind you that (UK Prime Minister David) Cameron has already committed himself to a referendum like that, so probably we are actually moving to a period of referendums, from Grexit to Brexit, where actually states are going to decide with referendums their relationship with Europe.
That Eurogroup decision has led to the European Central Bank curtailing the liquidity of the Greek banks, forcing the National Bank of Greece to suggest measures including a bank holiday and the restricting of withdrawals.
Most of the Greek debt is held by the ECB or its surrogates and lastly Greece is not an economic issue. this is not an economic problem. Greece is roughly two percent of Euro zone GDP, a far smaller percent of world GDP. This is really an issue about confusion and how do markets tease out and deal with the confusion about what might happen.
I don't believe that they want to kick us out of the euro and they won't. They won't, because the cost would be huge.
The bank deposits of the Greek people are fully secure. The same applies to the payment of wages and pensions–they are also guaranteed.
This, so that Greek voters can can choose freely without blackmail and pressure – as the Greek constitution imposes and as the values of the European Union enforce.
Saturday's meeting is crucial because we are on the eve of default. On the 30th of June, Greek authorities will have to face demands for payment.
We want a comprehensive and viable solution that is accompanied by a strong growth package that will make the Greek economy viable. So that the country can stand on it's feet again. The ball is in the court of the European leadership.
I support European Commission President Jean-Claude Juncker fully to reach an agreement, and also to ask Greece to stick to conditions set. We need a longer-term plan which is also linked to these conditions but which means talking in terms of about five years – so that whoever wants to invest in Greece knows he is investing in a country that will still have the euro a year from now.
Comrades, I believe that we are entering the final straight of the race. One could say that it is now that the real negotiations start and now the capabilities of the Greek government and its determination will be judged, its firm commitment to its goal, which is to find a fair solution.
Here at the ERT headquarters, the mood is celebratory. But the public reaction is mixed. No-one can forget the manner in which the broadcaster fell silent two years ago. For now though, black screens have turned into colour and empty studios into busy workplaces once again.
It's a special day for all Greeks, for philhellenes, for those who love Greece and for those who love freedom of information. We're nervous. We're very touched.
It's a special day for us, a difficult day.
Although differences between the sides remain, the meeting of the three leaders confirmed that Greece and its European partners do still want a solution. The technical talks will now take precedence over the coming days with the next important meeting being held today between Alexis Tsipras and Commission President Jean Claude Juncker.
Claiming that Greece is facing a humanitarian crisis, Prime Minister Alexis Tsipras and his radical left Syriza party are refusing to give in to creditors demands, saying additional austerity measures would do nothing more than deal another blow to the country's flailing economy.
In spite of the harsh rhetoric against the country's international creditors which to a great extent sought to appease his party's hard liners, Prime Minister Tsipras appeared willing to continue the negotiations until a solution to Greece's fiscal problems is found soon.
With the unrelenting demands of the country's foreign creditors on one hand and the intransigence of his own party's hard left on the other, Prime Minister Tsipras is faced with a very difficult political conundrum. The only solution may turn out to be a new general election, as early as the beginning of July.
A big announcement didn't happen, so the question remains whether Greece will go bankrupt, or reach a deal with its creditors.
We know these concessions will be difficult but we have submitted a realistic plan for Greece to exit the crisis.
We have made many steps forward and we are on the final course, we are close to a deal… it is obvious, we need to stay calm and decisive. We are not alone, we have to deal with three different institutions with often contradictory views.
We have a task to complete – an agreement within the next ten days -and we are working in this direction.
We hope it will be in place, yes.
The tragedy in Lampedusa and the shocking reality we face every day in the Aegean underline the need for the EU to develop an effective and human policy on immigration based on solidarity, particularly for the frontline Mediterranean countries.
We will support whatever will keep the country from smashing into the rocks. But you are the government today, and you have the responsibility and we are telling you to make a deal now, the lies are over. If you decide to proceed responsibly we will be supportive. Can you handle the responsibility?
With the February 20 agreement, the need is recognised for a discussion to be opened on the necessary restructuring of our debt as without such an intervention, the truth is, it is impossible to repay it.
We have a clash between a democratic mandate to change economic and social policy on one hand, and the requirements of running smoothly and economy within a wider, economic integration project which is European unification.
We wanted to re-confirm this agreement, the procedure it entails, and even ask for it to be accelerated. That means reforms that can be presented as soon as possible by the Greek government in the frame of the compromise reached.
Some have the nerve to talk about unilateral actions, and some in here have also repeated it. If they are doing it to frighten us, the answer is simple, they are not frightening us and this does not discourage us.
There is no danger to wages and pensions and no threat to bank deposits.
So Greece has already repaid the International Monetary Fund more than a billion with reassurances it will fulfill all its international obligations. Still state funds are drying up as the latest data from the Bank of Greece shows and many people are worrying about their next salary or pension payment.
I personally don't feel I am on a leash. I feel that maybe for the first time, Greece has the resolute determination to go ahead with reforms, with cooperation from the institutions.
In this atmosphere Greek Prime Minister Alexis Tsipras will meet Commission President Jean-Claude Juncker just before next week's EU Summit.
There could be problems. But, as my prime minister has said, we are not yet glued to our chairs. We can return to elections, call a referendum.
It will be submitted in good time for them to have as much time as possible in order to assess it and we are pretty confident, actually we are very confident, that the list is going to be approved by the institutions and therefore we are embarking upon a new phase of stabilisation and growth.
We must keep in mind that we have a huge responsibility to keep Europe stable.
We will do our very best to fight for what is urgently needed. But the room for manoeuvre is limited and it's not only one member state, it's all together.
It has to be called the growth contract, fight against corruption, fight against tax evasion. Everybody is for it and if you put that in the headlines then maybe the Greek side will be able to accept it.
The compromise I see is that in the end the Greek government signs up too much of the substance which was in the previous memorandum maybe with some relaxation of the fiscal targets but otherwise the substance has to be the same but the name has to be different.
We are at a critical point in the negotiations, critical and sensitive. We are submitting proposals and I hope we will pass this obstacle, which will give us the possibility to move forward.
Syriza has the potential to be different. The ties are not the same, they haven't been in power for long. But I think they will have a hard time totally cleaning up the slate and getting free of all ties.
The verdict of the Greek people, your verdict, cancels today in an indisputable way the bailout agreements of austerity and disaster.
We had created a wonderful experiment which worked as long as we had surpluses, called the euro or the European Union. When the cows were fat and the milk was out there, we were all happy. But now that the cows are thin and the milk is dry, we still haven't found our bearings. And the little canary, Greece, is dying alone because there is no oxygen and instead of saying 'oh guys, we need to get out of this coal mine, and let some oxygen in, we are closing the tap even further.
They did an experiment on us. They tried in this way to reduce deficits and all of that with this experiment but it failed. The patient died.
I decided that because the priorities of the government were more populist, this would make my job increasingly hard. So to give you an example, before elections governments ask the tax office to soften our responses to people who owe tax. Instead of forcing them to pay, by taking measures which are socially harder to swallow, they ask us to be more lenient.
What we have seen in recent weeks is part of the hysteria surrounding all this grexit discussion. I refrain from any speculation in that area but I would argue that it is not a good idea to test the proposition that the Eurozone is better prepared for a grexit. I doubt that this is the case. You may have a new architecture regarding rescue, you may have new financial resources but you have a society and a democratic process here.
I wasn't someone living on other people or not paying my bills. I wasn't shying away from my responsibilities, but life was getting so hard that I couldn't sleep. Two years ago, they found I had cancer and the doctors said it was caused by stress. Finally I followed my friends' advice, they were all doing it, and I stopped paying because I didn't have the money. We just feel, well you brought us to this: we can't pay for anything, do whatever you want, we don't care, put us in jail. End of story.
As you have heard, the Greek government has said they can agree to seventy percent of the existing programme. We have to see which seventy percent the new Greek government agrees with. And for the thirty percent where there is no agreement we shall have to see what can be done.
The first Summit for Tsipras ended with a temporary truce despite the tensions provoked not by Germany but by his Spanish counterpart. Now the European partners are waiting to see what will happen during the negotiations over the weekend and of course the result of Monday's Eurogroup meeting.
Clearly, article 44 paragraph 2 of the Greek Constitution forbids, for a reason, the launching of a referendum on public finance issues, and this is evident, because we expect that so delicate and complex a matter such as the finances of the state cannot be dealt with a 'yes or no' answer.
I take personal responsibility for an immediate solution, right after the democratic process. At the same time, I call on you to reinforce our negotiating effort: I am calling on you to say 'no' to the bailout conditions that are destroying Europe.
The Greek bailout and the refugee crisis are two distinct dossiers. Also, Greece is one of the top beneficiaries of European funds set up to assist countries that are seeing disproportionately large influxes of asylum seekers.
I invited have Alexis Tsipras, comrade Alexis, to visit us as soon as he can here in Venezuela. He plans to come to Latin America. He mentioned all the pressures that he is under. Because of a savage, savage neo-liberal system that has been applied in Greece.
This was just a ceremonial occasion for the new Greek parliament, but trouble is brewing for the new deputies as they might soon be called upon to take some of the most crucial decisions in the country's recent history.
Greece cannot be blackmailed because democracy in Europe cannot be blackmailed.
It's an alliance and a common agreement which will help Greece and the whole eurozone to gain growth.
I am very optimist that we will try to do our best in order to find the common viable and mutually acceptable solution for our common future.
I strongly believe that there are conditions to find an agreement between the Greek authorities and the European institutions. We believe that each of us in our countries should make reforms.
That's exactly what you don't want. You don't want an escalation of the eurocrisis because you can see the potential dangers, economically and geopolitically speaking.
We will prove Cassandra is wrong. We won't get into a mutually destructive clash but we will not continue a policy of catastrophe or subjection.
The real challenge is to minimize the social cost that is unnecessary throughout Europe.
Most members of the new Greek cabinet have minimal or no experience at all in government positions, but in those difficult times for the country they will immediately be called to meet the challenges of their assigned posts.
An era of national humiliation is over.
The mandate of the Greek people, your mandate, today cancels in an undisputed manner the memorandums of austerity and destruction. The mandate of the Greek people makes the troika a thing of past in our common European framework.
The new Greek government will be ready to cooperate and negotiate with the European Parliament.
We will not honour commitments and signatures that previous governments have given, and are not binding for the new Greek government.
I think we need to wait until Friday. See what the result of the election will be and then figure out what kind of coalition is put in place and then remind that country that it has made commitments to its European partners. To its creditors. And that's of the structural reforms that were to be implemented to restore the situation of the Greek economy.
We presented our recommendation for the need to have a democratic way out and for the people of Greece to choose their future; our recommendation is for a referendum on these measures.
Today we are opening the road to hope. Today we open the road to a better tomorrow with our people united, dignified and proud.
We just want to re-negotiate Greece's debts and to find a way to make these debts payable.
This is the time of democracy, this is the time of dignity, this is the time for our people to stand up. This is a crucial time.
We welcome the people's power. We welcome every active citizen that will sign our declaration today, and in the coming days when we will travel all over Greece, for our Democrat and Socialists' Movement.