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As it happened – Yanis Varoufakis’ intervention during the 27th June 2015 Eurogroup Meeting

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Courtesy: yanisvaroufakis.eu, June 29, 2015
The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe’s history. Ministers turned down the Greek government’s request that the Greek people should be granted a single week during which to deliver a Yes or No answer to the institutions’ proposals – proposals crucial for Greece’s future in the Eurozone. The very idea that a government would consult its people on a problematic proposal put to it by...

Greek Crisis: Banks and Stock Market Closed for a Week

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Newsclick Report, June 29, 2015
With European Central Bank (ECB) capping the Emergency Liquidity Assistance (ELA) to Greek banks, the Greek government had no other option but to impose capital controls on Greece's financial system. Without the emergency assistance, the Greek banks may not have the liquidity to address large withdrawals that can now take place. Prime Minister Tsipras, in a press conference, announced a Bank holiday till July 6th, and setting up of a committee to approve...

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