Contents: Burundi’s president Nkurunziza continues to provoke Hutu-Tutsi tensions; Greece’s Tsipras lashes out at his own party as new vote approaches; Where will Greece’s 86 billion euro bailout come from?
Contents: Car bombs target Hamas and Islamic Jihad in Gaza; Possible rapprochement in the works between Hamas and Saudi Arabia; Greece’s banks to reopen at start of another stormy week
Contents: ISIS-linked terrorists sink Egyptian navy ship; Attack on Egypt’s navy boat comes amid plans for Suez Canal expansion; Both Greece and Germany in political disarray after IMF bailout statement
There was speculation Wednesday that the International Monetary Fund’s disapproval of the European Union bailout package for Greece would stiffen resistance in the Greek Parliament against it, but in the end, they voted in agreement with what Reuters describes as “sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro.”
Police faced massive riots in Greece on Wednesday night as Parliament accepted the terms of a debt deal significantly more stringent than that rejected via referendum on July 5. Mass arrests of nationals from Australia, Ukraine, France, and Italy– but not Greece– occurred.
Contents: Greece approves harsh reforms as IMF throws Europe under the bus; Japan’s Shinzo Abe pushes ‘collective defense’ bill for vote; Mexico’s first ‘historic’ attempt to re-privatize oil industry flops
There has been trouble brewing between the International Monetary Fund and the European Union about the vast debts Greece owes to both of them, but rhetorical shots were finally fired on Wednesday, as the IMF offered stiff criticism of the EU’s bailout deal with Greece.
Following a referendum in which the Greek people largely rejected a debt deal with the EU and IMF requiring further austerity measures, Greek Prime Minister Alexis Tsipras has been cornered into selling the Greek Parliament an agreement even stricter than the one the referendum rejected. In doing so, he faces the herculean challenge of proving his new demand is not a complete about-face for him or his leftist party.
After 17 hours of “extremely hard, violent even” negotiations concluded in Brussels on Monday, a third Greek bailout – a three-year plan worth some €86 billion – appeared secure. Then doubt began to emerge. Most centred on whether Prime Minister Tsipras
Contents: Thousands die in sectarian herder-farmer clashes in Nigeria; Emotions running high over Eurogroup ultimatum to Greece; China cracks down on ‘peizi’ or ‘fund-matching’ stock market businesses
Stocks rallied on Monday amid news that the Greek financial crisis was under control, and a bailout deal had been agreed upon, but that might have been a hasty celebration.
Greek Prime Minister Alexis Tsipras has flown home after an epic 17-hour crisis meeting with Eurozone leaders to sell the austerity package he has agreed to his own party – who may attempt to block it. Tsipras must push several unpalatable measures
Contents: France-Germany split over 3-day ultimatum to Greece leads to flared tempers; Eurogroup imposes harsh demands on Greece to remain in eurozone; China police crack down ahead of another volatile week in stocks
Eurozone finance ministers meeting in Brussels on Saturday have serious doubts about Greece’s request for a bailout and a deal to start negotiating on the basis of Athens’ proposals is far from certain, sources close to the talks said. Overnight,
Greek Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reform proposals aimed at obtaining a new international bailout, but he faced a rebellion in his own party that could threaten his majority in parliament. The measures,
The seemingly final deadline for serious Greek proposals in the debt showdown was Friday morning, and some paperwork was indeed delivered on schedule, inducing some optimism that a Greek exit from the Euro would be averted. Depending on who you ask, the deal is either a stunning triumph or disastrous capitulation for either Greece or its creditors.
Contents: Both Greece and European leaders seem poised to compromise; UK advises all Britons to leave Tunisia
The Greek government has at last confirmed what has long been suspected; it is planning a €2bn gas pipeline with Russia. The move is likely to cause concern in other EU member states and allies such as the United States who fear the
All sorts of deadlines have come and gone during the Greek debt crisis—as the basket-case nation’s European creditors repeatedly blinked and decided to grant one extension after another—unwilling to precipitate the pan-European (and possibly global) financial earthquake of a “Grexit” from the Euro.
Contents: Greece’s Alexis Tsipras compares himself to the tragic Antigone; Furious European MEPs plan for humanitarian aid for Greece; Tunisia to build a wall and a moat along the border with Libya
Contents: Greece’s Tsipras shows up at Brussels empty-handed; Greece’s finance minister tells himself not to gloat; Report on Obama’s plans for the Mideast strategy into total fantasy; China halts trading on 1,000 companies as stock bloodbath continues
As the financial crisis in Greece worsens, more and more sectors of the Greek economy are taking hits, including the health care system. Greece has a socialized health care system and now that the government is running out of money, so are hospitals.
Socialism is having its moment here in America, even as socialism abroad is collapsing in disarray.
Greek Prime Minister Alexis Tsipras is taking fire from many quarters today as he attends the Eurogroup meetings to discuss his country’s debt crisis. He can, however, take solace from the fact that one titan of international politics is on
Contents: Greece’s crisis deepens as German position hardens; Surge in Boko Haram attacks raises questions about new president of Nigeria
