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The Weekend Neos Kosmos : 20 June 2015
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The Weekend VIC NSW ACT SA $2.50 QLD TAS WA NT † $3.00 † INC. FREIGHT PUBLISHED SINCE 1957. AVAILABLE IN PRINT, ONLINE AND APPS AT DIGITAL.NEOSKOSMOS.COM WA Senator Scott Ludlum moving the Greece economy motion on Thursday. SATURDAY 20 JUNE 2015 Senate appeal for Greece blocked Greens ask Hockey to intervene on IMF debt crisis position A Senate motion put forward by Australian Greens Deputy Leader Scott Ludlam calling for Treasurer Joe Hockey to "express concern at the continued support by IMF officials for the austerity program in Greece" has been blocked by Labor and the Coalition. The motion, put forward on Thursday, was addressed to Mr Hockey in his role as a member of the IMF's Financial Committee and as a governor of the IMF and World Bank. Senator Ludlam ap- Eurozone sets emergency summit on Greece as Athens and creditors fail to agree Eurozone leaders will hold an emergency summit to try to avert a Greek default on Monday, after a meeting of finance ministers failed to reach a breakthrough. Taking Off ? No foreign currency exchange fees when you buy or sell Euro, Pounds or US dollars. For the purchase and sale of currency of up to $10,000. Call 1300 660 550 or visit delphibank.com.au Offer valid and limited to individuals only for purchase and sale of currency for amounts under $10,000. This offer expires on September 30 2015. This offer can be withdrawn at any time and without notice. Delphi Bank – A Division of Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Last chance The finance ministers of the 19-nation currency bloc failed to make any breakthrough on a cash-for-reforms agreement at talks in Luxembourg, just 12 days before Greece must make a crucial debt repayment to the International Monetary Fund (IMF). "Regrettably ... too little progress has been made. No agreement is in sight," chairman of the Eurogroup Jeroen Dijsselbloem told a news conference. Ministers sent a strong signal that it is up to Greece to make new proposals, he said. European Council president Donald Tusk said in a state- ment he had summoned heads of state and government of the euro area to meet in Brussels at 7:00pm (local time) on Monday. "It is time to urgently discuss the situation of Greece at the highest political level," Mr Tusk said. There is no grace period or two-month delay, as I have seen here and there. German and EU officials dismissed a German newspaper report that the creditors were preparing a final offer to extend Greece's bailout program until the end of the year without IMF involvement, and let Athens use $14.58 billion in aid earmarked for bank recapitalisation to pay off liabilities to the European Central Bank and the IMF. Mr Dijsselbloem said if there was a last-minute deal next week, CONTINUED ON PAGE 24 pealed to Mr Hockey to seek the support of other IMF member states to introduce "alternative measures that will better address social and humanitarian challenges in Greece", and to "insist the IMF refrain from imposing policy conditions upon Greece which will potentially lead to a default of more than AUD$40 billion debt towards the IMF". Speaking in support of the motion, that was also moved by NSW Greens Senator Lee Rhiannon, Senator Ludlam said that he raised the matter in relation to "Australia's ability to alleviate the extraordinary suffering that has been levied against the people of Greece". The Greens deputy leader said that the collapse of Greek GDP by more than 25 per cent over the past five years CONTINUED ON PAGE 24 ΣΗΜΕΡΑ ΣΤΗΝ ΕΛΛΗΝΙΚΗ ΕΚΔOΣΗ ΤΗΝ ΔΕΥΤΕΡΑ Η ΤΕΛΕΥΤΑΙΑ ΕΥΚΑΙΡΙΑ ΓΙΑ ΕΛΛΑΔΑ ΣΗΜΕΡΑ ΣΤΗΝ ΕΛΛΗΝΙΚΗ ΕΚΔOΣΗ ΑΝΕΠΑΦΟ Senator Ludlam ap- Eurozone sets emerge 47286
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