Monday, 13 July 2015
Eurozone, Greece reach agreement on bailout
Eurozone leaders reach agreement on Greek bailout, removing threat of euro exit for now
BRUSSELS (AP)
-- A summit of eurozone leaders reached a tentative agreement with
Greece on Monday for a bailout program that includes "serious reforms"
and aid, removing an immediate threat that Greece could collapse
financially and leave the euro.
Nine hours after a self-imposed deadline passed, the leaders announced the breakthrough early Monday.If the talks had failed, Greece could have faced bankruptcy and a possible exit from the euro, the European single currency that the country has been a part of since 2002. No country has ever left the joint currency, which launched in 1999, and there is no mechanism in place for one to do so.
For three days of negotiations between Greece and its international creditors, Greek Prime Minister Alexis Tsipras held out for a better deal to sell to his reluctant legislature in Athens this week, even though financial collapse is getting closer by the day.
A breakthrough came in a meeting between Tsipras, German Chancellor Angela Merkel, French President Francois Hollande and EU president Donald Tusk. Details were not immediately available.
The breakthrough came after the threat of expulsion from the euro put intense pressure on Tsipras to swallow politically unpalatable austerity measures because his people overwhelmingly want to stay in the eurozone.
Greece has requested a three-year, 53.5 billion-euro ($59.5 billion) financial package, but that number grew larger by the tens of billions as the negotiations dragged on and the leaders calculated how much Greece will need to stay solvent. The creditors are demanding tough austerity measures in exchange for Greece's third bailout in five years.
Early Monday, a Greek official said the key sticking points were the involvement of the International Monetary Fund in Greece's bailout program and a proposal that Greece set aside 50 billion euros ($56 billion) worth of state-owned assets in a fund for eventual privatization.
The official, who spoke on condition of anonymity because he wasn't authorized to discuss the negotiations, said any agreement would provide quick help for Greek banks from the European Central Bank. Without it, they risk running out of money this week.
The negotiations began Saturday with a meeting of finance ministers. The heads of state convened mid-afternoon Sunday and were still negotiating at dawn Monday.
The deal on the table appeared to include commitments from Tsipras to push a drastic austerity program including pension, market and privatization reforms through parliament by Wednesday, and from the 18 other eurozone leaders to start talks on a new bailout program.
Sunday's four-page discussion paper put to eurozone leaders and obtained by The Associated Press spoke of a potential "time-out from the euro area" for Greece if no agreement could be found.
It highlighted the increasing frustration of European leaders during five months of fruitless talks with Greece.
"The most important currency has been lost: that is trust and reliability," Merkel said.
Tsipras insisted his government was ready to clinch a deal.
"We
owe that to the peoples of Europe who want Europe united and not
divided," he said. "We can reach an agreement tonight if all parties
want it."
Hollande
insisted it was vital to keep Greece in the euro and said in the event
of a departure, "it's Europe that would go backward. And that I do not
want."
Greece
has received two previous bailouts, totaling 240 billion euros ($268
billion), in return for deep spending cuts, tax increases and reforms
from successive governments. Although the country's annual budget
deficit has come down dramatically, Greece's debt burden has increased
as the economy has shrunk by a quarter.
The
Greek government has made getting some form of debt relief a priority
and hopes that a comprehensive solution will involve European creditors
at least agreeing to delayed repayments or lower interest rates.
Greek
debt stands at around 320 billion euros ($357 billion) — a staggering
180 percent or so of the country's annual gross domestic product. Few
economists think that debt will ever be fully repaid. Last week, the
International Monetary Fund said Greece's debt will need to be
restructured.
___
Menelaos Hadjicostis and John-Thor Dahlburg in Brussels contributed to this story.
Van Persie gets hero's welcome as he lands in Turkey ahead of his move to Fenerbahce
Robin van
Persie is getting ready to leave Manchester United and move to Turkey club, Fenerbahce.
He arrived in Turkey yesterday afternoon July 12th and was greeted by a
fanfare
of Fenerbahce supporters who were eager to meet him. The fans arrived in
their numbers to have a glance at the Holland international as he
arrived in private jet with his wife and two children. RVP, 31, is set
to sign a 3-year
deal worth about £240,000-a-week at Fenerbahce. More photos after the
cut...
Iker Casillas breaks down in tears as he bids farewell to Real Madrid
After 25 years of defending the crest of the greatest team in the world, the most difficult day in my sports career has arrived: I have to say goodbye to an institution that's given me everything. I have come to this great stadium today to say goodbye to all of you. As of Saturday I'm no longer a Real Madrid player, now I'll be a Porto player. I am moving to Porto for many reasons.
'Firstly I am joining Porto because of the excitement that the coach has transmitted to me. Secondly, because of their affection, they have won me over. I'll do everything I can to not disappoint them and fight as hard as possible to win as many titles as I possibly can there.'
'This club didn't just teach me how to be a sportsman, it taught me how to be a person. I've learned a lot form all of my coaches. They have been a fundamental part of my development and my career. Every day we've been forming a part of Real Madrid and they've always supported me. I want to say thank you to my parents and all my family.
'Thank you to the Madrid fans for their support, helping me lift every cup, every triumph, for being with me in the good moments and the bad moments. Forgiving me a hand when I needed lifting up. I don't want to be remembered as a good goalkeeper or a bad goalkeeper, I just want to be remembered as a good person, with my faults.
'Thank you. Thank you. A thousand thank yous. Wherever I go, I will always shout Hala Madrid. I’m sure in the future we’ll see each other. I’m not going to say goodbye, because it’s not goodbye. I hope to see you soon. Thank you, to all of you.'
Floyd Mayweather's entourage involved in car crash with a bike
One of the SUVs in Floyd Mayweather entourage crashed into a guy on a
motorcycle on Saturday night when he and his crew were on their way
home from a nightclub. This happened around 3 am.
It's unclear if Floyd was riding in the SUV involved in the accident but in video obtained by TMZ Sports, you can see Mayweather at the crash scene while people attend to the fallen biker.
Emergency personnel raced to help but the biker's condition is unknown.
One witness at the scene said it looked as if the motorcycle clipped the back end of the SUV and the guy was ejected from his bike.
There are pictures which show Floyd in the passenger seat of an SUV earlier in the night so it's unlikely he was driving.
TMZ
It's unclear if Floyd was riding in the SUV involved in the accident but in video obtained by TMZ Sports, you can see Mayweather at the crash scene while people attend to the fallen biker.
Emergency personnel raced to help but the biker's condition is unknown.
One witness at the scene said it looked as if the motorcycle clipped the back end of the SUV and the guy was ejected from his bike.
There are pictures which show Floyd in the passenger seat of an SUV earlier in the night so it's unlikely he was driving.
TMZ
Meet the woman with the most expensive body in the world (photos)
Amanda Lepore, 46, is one of the most famous transsexual fixtures on the New York
party and she has the most expensive body in the world...she bought 'em...:-)
Amanda who had a sex-change at age 19 has had three breast augmentations, buttock
implants and even had her bottom ribs broken so she could achieve a
smaller waist. It's illegal in the US so she went to do it in Mexico. She's also had multiple nips and tucks, lip injections, fillers, Botox, a nose job, a forehead lift and had her hairline lowered.
Asked how
much her cosmetic work has cost in total, the busty blonde declined to
provide an answer, merely stating: 'There is a reason I am labeled ‘The
Most Expensive Body On Earth’.
She says that her s*x change from male to female, was the most painful procedure she’s had done.
'It didn’t hurt when I got it done at the hospital,' she recounted. 'But
they give you a dilator as part of the healing process, which you have
to keep in for extended periods of time to stretch the vaginal opening. If
I could have a crystal ball and see what I look like now - you know,
modeling, hanging out with Daphne Guinness - I'd be like, "Wow, I can't
believe this" It felt like a knife. It was the most painful thing I had ever experienced.'
Amanda Lepore, 46, is one of the most famous transsexual fixtures on the New York
party and she has the most expensive body in the world...she bought 'em...:-)
Amanda who had a sex-change at age 19 has had three breast augmentations, buttock implants and even had her bottom ribs broken so she could achieve a smaller waist. It's illegal in the US so she went to do it in Mexico. She's also had multiple nips and tucks, lip injections, fillers, Botox, a nose job, a forehead lift and had her hairline lowered.
Asked how
much her cosmetic work has cost in total, the busty blonde declined to
provide an answer, merely stating: 'There is a reason I am labeled ‘The
Most Expensive Body On Earth’.
She says that her s*x change from male to female, was the most painful procedure she’s had done.
'It didn’t hurt when I got it done at the hospital,' she recounted. 'But they give you a dilator as part of the healing process, which you have to keep in for extended periods of time to stretch the vaginal opening. If I could have a crystal ball and see what I look like now - you know, modeling, hanging out with Daphne Guinness - I'd be like, "Wow, I can't believe this" It felt like a knife. It was the most painful thing I had ever experienced.'
Nicki Minaj shuts down skinny throwback photos of 'her'
"If u ever get to a point where u photo shop someone to make them look "unattractive" using someone else's body Ima need u to give up on life. There's no reason to be this pressed. Please go out there and chase your fkng dreams!!!! It's downhill for u after u take time out to do dumb ass shit like this. - and by the way, I wouldn't mind looking like vashti... She fly and I think she's from Trinidad like me".
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