Germany Dismisses Greece Bid For A New Bailout

Banks across Greece remain close and ATM withdrawals are restricted.
Banks across Greece remain close and ATM withdrawals are restricted.

Banks across Greece remain close and ATM withdrawals are restricted.

Germany on Monday dismissed Greece’s bid to clinch a quick new debt deal after the country delivered a resounding ‘No’ to more austerity, appearing little moved by the surprise resignation of the Greek finance minister. Yanis Varoufakis departure came a day after Greek voters overwhelmingly rejected more austerity required by international creditors under a bailout deal, heightening fears of a “Grexit.” But Berlin said the departure of Varoufakis did not change anything. “It is not about people but rather positions,” Chancellor Angela Merkel’s spokesman Steffen Sibert said, adding that there is currently “no basis to enter into negotiations on a new aid programme.” “It is up to Greece” if it wants to stay in the eurozone, he said. “We are waiting to see which proposals the Greek government makes to its European partners. A Greek government source said Greek PM Alexis Tsipras and Merkel had spoken by telephone and agreed that Athens’ proposals would be presented at a hastily called eurozone summit on Tuesday. Merkel was set to meet with French President François Hollande in Paris, and the encounter could set the tone for Tuesday’s summit, called to examine the impact of Sunday’s referendum. After jubilant celebrations by ‘No’ voters following their 61 percent referendum victory, Greeks returned to the reality of queuing at ATMs for their daily withdrawal limit of 60 euros.

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Chukwunonso Azinge is a Public health parasitologist whose variety of intrests ranges from international news reportage, writing articles on current world issues and of course football. Follow me on Twitter @azingelfc and on Facebook- Nonso 'King Kenny' Azinge.

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