Arab Today, arab today greek crisis key events since referendum
Last Updated : GMT 00:38:13
Arab Today, arab today
Arab Today, arab today

Greek crisis, key events since referendum

Arab Today, arab today

Arab Today, arab today Greek crisis, key events since referendum

EU flag waves above Parthenon tem ple
Athens - AFP

Following is a timeline of events in the Greek crisis from the July 5 referendum on austerity to the historic accord on a third bailout deal struck early Monday:

July 5: Greek voters reject terms of a bailout proposition with 61 percent voting 'No', boosting Prime Minister Alexis Tsipras.

- Tsipras says the vote "is not a mandate of rupture with Europe, but a mandate that bolsters our negotiating strength to achieve a viable deal".

July 6: Yanis Varoufakis resigns as Greek finance minister to improve relations with eurozone creditors, and is replaced by Euclid Tsakalotos, who has been steering talks with European Union and International Monetary Fund (IMF) creditors.

- The European Central Bank (ECB) maintains a crucial cash lifeline to Greek banks but with tougher conditions.

July 7: Eurozone finance ministers meet in Brussels ahead of an extraordinary eurozone summit. Both end without a detailed proposal from the Greek government. Athens is given until Thursday to present a convincing programme of reforms.

- European Commission head Jean-Claude Juncker, who had said he is opposed to Greece withdrawing from the 19-nation eurozone, warns that such a scenario has nonetheless now been prepared "in detail".

July 8: Tsipras addresses the European Parliament, saying Greece will submit "credible" plans on Thursday, drawing a mix of boos and cheers from MEPs.

- EU President Donald Tusk warns MPs: "This is really and truly the final wake-up call for Greece and for us, our last chance."

- Athens formally submits a request for new aid from the European Stability Mechanism, the eurozone's bailout fund, offering to start pension and tax reforms next week in return for a three-year eurozone loan.

- Greek banks, closed since June 28, will remain closed until Monday, while withdrawal limits will remain unchanged at 60 euros ($66).

- The ECB leaves its cash lifeline to Greece, known as Emergency Liquidity Assistance (ELA), unchanged at 89 billion euros.

July 9: Tusk says Greece's creditors must make a "realistic" proposal for managing its debt, while German Chancellor Angela Merkel repeats that she opposes a debt write-down.

- Greece submits a new bailout plan two hours before a midnight deadline.

July 10: Athens details the new proposals, which closely resemble an offer put forward by Greece's international paymasters last month. Greece says it will bow to creditors' demands to discourage early retirement and seek higher health contributions from pensioners, while raising corporate, luxury and shipping tax. Greece also pledges to raise sales tax revenue, sell the state's remaining shares in telecoms giant OTE and privatise the ports of Piraeus and Thessaloniki by October.

July 11: A meeting of eurozone finance ministers ends with deep divisions about whether to trust Tsipras with a third bailout worth more than 80 billion euros ($89 billion). A German finance ministry document says Berlin wants many more concrete commitments from Greece, failing which Greece should leave the eurozone for five years until it puts its economic house in order, even though current rules appear to rule out such an option.

July 12: The EU cancels a full 28-nation summit to decide whether Greece should stay in the euro. Instead, at a eurozone summit, Germany's fiscal hawks face off against doves led by France with Athens facing demands to push through new reform laws next week.

July 13: Greece reaches a third bailout deal with the eurozone after 17 hours of gruelling negotiations. Tsipras agrees to tough reforms in return for a three-year bailout worth up to 86 billion euros ($96 billion).

arabstoday
arabstoday

GMT 13:55 2017 Wednesday ,20 September

Humble bicycle back in vogue in Cuba

GMT 13:19 2017 Wednesday ,20 September

European equities waver before Fed decision

GMT 12:57 2017 Wednesday ,20 September

UK retail sales surge in August, raises interest rate

GMT 11:03 2017 Wednesday ,20 September

US CEOs optimistic on economy, tax reform: survey

GMT 07:12 2017 Wednesday ,20 September

NAFTA talks moving at 'warp speed,' US trade rep

GMT 07:04 2017 Wednesday ,20 September

Brazil’s economy needs your prayers
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek crisis key events since referendum Arab Today, arab today greek crisis key events since referendum

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek crisis key events since referendum Arab Today, arab today greek crisis key events since referendum

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday