As Jerome Dijsselbloem fearmongers all the worst parts of the bible that are about to befall Greece, Yanis Varoufakis is explainiing the Greek decision:
- *VAROUFAKIS: CREDITOR OFFER LACKED HOPE FOR INVESTORS, CONSUMERS
- *VAROUFAKIS SAYS GREECE FIND ITSELF AT `HISTORIC MOMENT'
Adding that the decision by the Eurogroup (ex-Greece) to veto the program extension damages Europe overall, Varoufakis defiantly concluded, the Greek government has no mandate to accept a "recessionary" aid offer.
He added:
- *VAROUFAKIS SAYS CREDITOR AID OFFER WAS RECESSIONARY
- *VAROUFAKIS SAYS CREDITOR AID OFFER `BAKED IN' NEW AID PROGRAM
- *VAROUFAKIS: CREDITOR OFFER LACKED HOPE FOR INVESTORS, CONSUMERS
- *VAROUFAKIS SAYS GREECE FIND ITSELF AT `HISTORIC MOMENT'
- *VAROUFAKIS: GREEK GOVERNMENT HAD NO MANDATE TO ACCEPT AID OFFER
- *VAROUFAKIS SAYS GREEK GOVERNMENT DETERMINED TO FIND A SOLUTION
- *VAROUFAKIS: CREDITORS INSISTED ON PREVIOUS AID FORMULA
- *VAROUFAKIS: EUROGROUP VETO OF PROGRAM EXTENSION DAMAGES EUROPE
But offered a final branch for negotiations...
- *VAROUFAKIS: `HIGH PROBABILITY' OF YES VOTE WITH LONGER PROGRAM
- *VAROUFAKIS: IF GREEK PEOPLE `TELL US TO SIGN, WE WILL SIGN'
- *VAROUFAKIS: GREEK REFERENDUM ISN'T ABOUT EURO MEMBERSHIP
- *VAROUFAKIS: GREEK-AID PROGRAMS HAVE BEEN `QUITE CLEAR FAILURES'
In other words - extend the program and we may come closer to a deal.
