European Union offers Greece last minute deal as loan repayment deadline ends today |
European Union has offered Greece a last-minute deal to ease the crisis that is threatening the country out of the euro and weaken the foundations of the European Union’s single currency. Jean-Claude Juncker, the head of the European Union’s executive branch, offered the Greek prime minister, Alex Tsipras, a proposal with possibility of a concession on demands for cuts in bonus payments for the poorest pensioners. European officials said, in return, however, Mr. Tsipras would have to accept all of the other creditors’ demands, which he had already turned down, and request an emergency meeting of eurozone finance ministers today. European Unions leaders have warned Greeks that rejecting creditors’ proposals in a snap referendum called for next Sunday would mean leaving the euro. German Vice Chancellor Sigmar Gabriel said the vote would be yes or no to the eurozone. Talks between Greece and its creditors broke down last week, leading to Greek banks having to shut this week. Global stock markets fell sharply yesterday. Investors have been concerned by the probability that Athens will be unable to meet a 1.6 billion euro loan repayment to the International Monetary Fund that is due today. Meanwhile, speaking to Greek television yesterday evening, the Greek Prime Minister urged as many Greeks to vote no as possible on Sunday to give his government a stronger position to restart negotiations. He said his government had a mandate to be within the European framework but with more justice. Mr Tsipras hinted strongly that he would resign if the result of the referendum was a yes vote. Some 17,000 people took to the streets of Athens and Thessaloniki yesterday to say no to the latest offer of a bailout deal, accusing Greece’s international creditors of blackmail. Many of the demonstrators support the Greek Prime Minister and said they would heed his call to vote against the latest deal in the referendum. |
U-17 football tournament will promote CSR initiatives in India: Vaz, Project Leader & Tournament Organiser
Under-17 football tournament will strengthen relations, promote a safe and protective environment along with corporate social responsibility (CSR), said Mr Joao Gilberto Vaz, Project Leader & Tournament Organiser at an ASSOCHAM event held in New Delhi today.
While addressing the meeting, Mr. Joao Gilberto Vaz, Project Leader & Tournament Organiser said, it is one of the world’s greatest passions which could be used strategically to strengthen relations, promote a safe and protective environment along with corporate social responsibility (CSR).
India has become an emerging football market with the recent creation of Indian Football League (IFL). India is a key player in all segments within BRICS and a football event in India and will also bring a new image of importance to football, said Mr. Vaz.
Building relationship between BRICS nations putting together the BRICS nations embassies, its diplomats and close friends, said Mr. Vaz.
Mr Joao Gilberto Vaz further said, to effectively promote BRICS Countries using football as a catalyst to provide an opportunity for the leaders and diplomats to participate and compete together or against each other in the tournament and socialize in a enjoyable environment.
He further said, to use football as a tool to enhance BRICS members spiritually, socially, physically and mentally. It will also able to promote a C.S.R. Initiative. “BRICS U‐17 Football Cup is the FIRST football event involving BRICS nations”, said Mr. Vaz.
The unions of these nations represent about 20% of the GWP. Some of the world';s largest companies are present in these countries, which only increases their size and economical power of these economies.
“U-17 football tournament with the representing youth teams of the 5 nations plus a guest team. The BRICS U-17 Football Cup will happen ‘YEARLY’ and if possible in conjunction with BRICS Summit following the molds of FIFA U-7 tournaments. Each edition of BRICS U-17 Football Cup will have one of the BRICS SUMMIT hosting nation as partner to organize the tournament, said Mr. Vaz while addressing the ASSOCHAM sports council.
Mr. Vaz also emphasized the tournament values include personal growth and equality. It will encourage young athletes to develop and learning about the importance of BRICS, to improve their character and leadership skills as well as to promote equality and avoid discrimination and racism.
To use football and “soft diplomacy” as a powerful tool to bring together people from different ethnic, cultural, religious, linguistic and socio‐economic backgrounds among BRICS nations, added Mr. Vaz.
Participation in physical activity and sport provides to people physical, social and mental health benefits. Our key objective is to also to engage all participants of BRICS FOOTBALL CUP (including the players) to become future “ambassadors” of BRICS, said Mr. Vaz.
(ASSOCHAM)