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Monday, 6 July 2015

Yanis Varoufakis: Minister No More! WHAT NEXT? Euclid Tsakalotos, new minister; IMF ready to help - if asked: New Proposals awaited

A surprise decision

From his blog:

"Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.

I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum.

And I shall wear the creditors’ loathing with pride.

We of the Left know how to act collectively with no care for the privileges of office. I shall support fully Prime Minister Tsipras, the new Minister of Finance, and our government.

The superhuman effort to honour the brave people of Greece, and the famous OXI (NO) that they granted to democrats the world over, is just beginning".

See also: Understanding Greek Feelings, Social Psychology - "The song is never interrupted in the middle!" Not always the case?

What next? Bloomberg/MSN - “The Greek government must now tell the other euro countries how it plans to stabilize the country and find answers to the problems of their country,” Finnish Prime Minister Juha Sipila said in an e-mailed statement.

Kathimerini - Σε παραίτηση υποχρεώθηκε ο Γιάνης Βαρουφάκης

FT/MSN - Greece votes No — now what?

Sky News/ MSN report - Germany: Greeks Have 'Torn Down Last Bridges'

Reuters Update

The Greek Analyst - Joint Statement by Greek Political Party Leaders

Kathimerini: IMF ready to help (if asked...)

BBC News - Greece debt crisis: Creditors press for new proposals -
"Germany's economy minister has warned that any unconditional debt write-off would destroy the single currency. "I really hope that the Greek government - if it wants to enter negotiations again - will accept that the other 18 member states of the euro can't just go along with an unconditional haircut (debt write-off)," said Sigmar Gabriel, who is also Germany's vice-chancellor.
"How could we then refuse it to other member states? And what would it mean for the eurozone if we'd do it? It would blow the eurozone apart, for sure," he added".

On the new Finance Minister - Euclid Tsakalotos

On Tsakalotos - Sueddeutsche Zeitung - Euklid Tsakalotos ist überzeugter Marxist und Realist. Für den neuen Finanzminister Griechenlands muss die Lösung für die Probleme seines Landes einen "internationalen Geschmack" haben.

From The Economist - Greek voters have rejected austerity. Whether they meant to or not, they may find out they have also rejected the euro

What many people read (MailOnline)-  "We must not give in to Greece or it could 'blow apart' the euro Merkel warns"

Reuters report - "Germany, France press Greece to make fast, credible proposals"

Bloomberg report - "Greece Given Hours to Save Place in Euro"

Bloomberg: The country's problems in six charts

BBC News report - Creditors press for new proposals

Sueddeutsche Zeiung: Geld, Schulden und andere Sorgen

More: Was die Entscheidung der EZB für Griechenland bedeutet

The Guardian reports - "Heads of governments at odds as Germany and European commission let Greece stew while France, Italy and Spain are impatient for a deal"

The Guardian - Greek citizens: 'It's like being in a war without weapons' - "As cash becomes more scarce and supermarket shelves empty, Greek people increasingly fear the onset of a siege mentality"

Mignatiou report

RT: Greece may apply for BRICS - Greece may apply for BRICS bank, but not discussed officially – Putin's aide

- and finally, some nonsense internet headlines (no need for a link to spurious sources): "US PREPARING COUP TO PREVENT GREECE FROM FALLING UNDER RUSSIAN INFLUENCE - Coup master Victoria Nuland dispatched  - The United States and Germany are prepared to engineer a coup in Greece to keep the country operating as a strategic asset on NATO’s vulnerable southeast European flank".

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