Greek government officials will have a meeting at 14:00, to have a briefing by Minister of State, Nikos Pappas who along with Yanis varoufakis represented Greece in Monday's Eurogroup.
The ministers will devise the strategy that the Greek government will follow in the immediate future.
Athens having ordered a €750m repayment to the International Monetary Fund wants to secure a deal with its creditors, obtain liquidity and give an end to the continuing uncertainty has rattled Greeks. But the government doesn't intent to break its election pledges; that means a referendum could be called in Greece. Government MPs seem to be divided over referendum. Alekos Flampuraris, Pangiotis Lafazanis and Panos Skourletis are in favor of a referendum while Giorgos Stathakis, Panagiotis Kouroumplis and Panos Kammenos rule out the possibility. The government line will be resided soon by PM Alexis Tsipras.
Germany’s finance minister Wolfgang Schäuble and his lack of concern about the referendum
According to The Guardian Schäuble’s lack of concern about a referendum also sends a message to Athens as the talks enter the final round: he is telling Alexis Tsipras, the current Greek prime minister, that he is desperately short of time and running out of options.
The paper cites a win-win situation for Germany: “If Greeks voted to stay in the euro, Berlin could claim democratic legitimacy for a tough reform programme encompassing pensions, tax, wages and privatisations. If Greece said no, then at least there would be resolution. Germany is perhaps being optimistic in believing the market fallout from Grexit would be minimal, but that is what its leading politicians believe. They are happy to take their chances”.
Furthermore the Greek government doesn't know what to expect from tomorrow's announcements by president of the European Central Bank Mario Draghi, The ECT could enable financial institutions to buy more treasury bills while the second -and most unlikely scenario- calls for the release of a quantitative easing program.
The German Press on the Referendum
Eurogroup statements on Greece drew widespread coverage in the German Press. Die Welt highlights the fact that finance minister Wolfgang Schäuble seems taken by the idea of Greece holding a referendum; something which according to the German daily finds more supporters in Europe. Frankfurter Allgemeine is more reserved questioning if the referendum will provide any real solution to Greece, adding that even if minister Schäuble seems to agree, Eurogroup chairman Jeroen Dijsselbloem doubts the timing. Finally Der Spiegel estimates that Greece will run out of money soon and criticizes Mr. Schäuble's statement.