#GREECE Germany Agrees Bailout Banks Reopen Monday for Business ‘ @AceNewsServices

#AceNewsReport#GREECE July.17: Germany has just signed and agreed third bailout and Greek banks will reopen on Monday, but according to a senior government official withdrawal restrictions will remain. “From Monday, the services offered will be widened.

All the banks everywhere will be open,” Deputy Finance Minister Dimitris Mardas told ERT television adding that bank customers “can deposit cash [and] they can transfer money from one account to the other.”

He also noted that if someone doesn’t want to take €60 on Monday and wants to take it on Tuesday, they can withdraw €120 or €180 on Wednesday. Banks in the country have been closed since June 29, after the Greek government imposed capital controls. On Thursday the ECB increased the cap on emergency funding that Greek lenders can draw from their domestic central bank by €900 million.

Following tough negotiations, Greece finally struck a preliminary rescue deal with its creditors on Monday, which is hoped, would help to prevent an imminent financial catastrophe.

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#GreeceDebtCrisis ‘ #Greferendum shows Country’s Government Strong & will not be toppled – Officials ‘

#AceNewsReport#GREECE Update: July.07: The outcome of the Greek referendum shows that the country’s government stands strong and will not be toppled, Greek Foreign Ministry’s Secretary General for International Economic Relations and Prime Minister Alexis Tsipras’ brother, Giorgos Tsipras, told Sputnik on Tuesday.

ATHENS (Sputnik), Anna Liatsu – The Sunday’s referendum in Greece will help the ongoing negotiations between Athens and the EU as Greeks had supported the country’s government’s stance, Giorgos Tsipras said.

“I think after the Greek referendum it will be much easier for the issue to be settled between Greece and the European Union institutions. First of all, because models are now simplified, there is no worry that the Greek government can be toppled, or anything else like this,” Tsipras said.

According to Tsipras, Athens is unlikely to turn to other creditors, and finding a solution to the current crisis is the only probable outcome.

“I think the only probable scenario is for these negotiations to conclude. The main reason why they did not conclude until now was not economic, but mainly political. Maybe there were thoughts about another Greek government, different from the Syriza government. I think these thoughts are now defeated after the referendum.”

Greece’s last-ditch attempts to reach an agreement with its international creditors may yield a long-awaited deal before July 20, Giorgos Tsipras told Sputnik.Prime Minister Alexis Tsipras is currently in Brussels for the Eurogroup’s meeting on the Greek crisis. The meeting was followed by an emergency summit of the Eurozone leaders.

Asked when the new deal should be expected, Giorgos Tsipras, responded, “before July 20.”

“It is of course the matter of the creditors and the other European Union institutions. I think this or the other way… it has to be concluded,” Tsipras told Sputnik.

European officials continue to stress that Athens should remain being member the Eurozone despite defaulting on a $1.7-million loan to the International Monetary Fund (IMF) and a 61.3-percent “No” referendum vote rejecting creditor demands.One last-minute option available to Greece is a loan within the European Stability Mechanism, which Finnish Finance Minister Alexander Stubb said he expected Tsipras to request “in a few hours.”

French President Francois Hollande, while echoing other European key figures’ calls on Greece to commit to reforms, said it was time for Europe to show solidarity with Athens and issue immediate aid.

Greece will not turn to outside bodies if its current international creditors reject a last-minute offer, Greek Foreign Ministry official and Prime Minister Alexis Tsipras’ brother, Giorgos Tsipras, told Sputnik on Tuesday.

Greece will not turn to outside bodies if its current international creditors reject a last-minute offer, Giorgos Tsipras said.

“I do not want to think of this perspective because it is a very bad perspective.”

“The main reason why they did not conclude [negotiations] until now was not economic, but mainly political,” Tsipras noted, adding that “the only probable scenario” is a deal to be reached.

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#GreeceDebtCrisis ‘ Defiant Tsipras We Will Seal Deal after Referendum ‘

#AceNewsReport#GREECE:Update:July.01: Greek PM Alexis Tsipras has said any statements about expelling Greece from the Eurozone should Sunday’s referendum result in a “No” vote are a bluff – and he made assurances that Greece aims to strike a new bailout deal after the plebiscite.

A defiant Tsipras addressed his fellow Greeks in a live televised speech on Wednesday. He said that his country needs new reforms, different from the ones international lenders are insisting on.

“The reforms that the country really needs are different from those that we were being pressed into for so many years, and that led practically to a humanitarian catastrophe,” Tsipras said. “We need reforms that will give us hope and security.”

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