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Tag: European Union

Alexis Tsipras

Greek Prime Minister Alexis Tsipras Resigns

In a televised address to his people, he said he had a moral duty to resign, because he was elected (just over half a year ago!) as a staunch opponent of the austerity measures he now believes it necessary to impose, in order to keep Greece in the Euro and secure its future.

Alexis Tsipras

Alexis Tsipras to Step Down As Greek PM, Call Snap Elections

Greek Prime Minister Alexis Tsipras of the socialist Syriza party will reportedly step down and call for snap elections on September 20, rocking his already crisis-riddled nation with fresh wave of political turmoil. A formal announcement of his resignation is expected Thursday afternoon, along with a televised address to the Greek people.

AP Photo

Europhile Glee for Obama is Naive

Winston Churchill once famously remarked “We must aim at nothing less than the Union of Europe as a whole”. Often quoted by Europhiles to twist the great Statesman’s legacy – they also forget Churchill also stated ‘If Britain must choose between Europe and the

AP Photo/Yorgos Karahalis

Greek Stock Market Crashes 16% on First Day, Bank Stocks Hardest Hit

The Greek stock market was shut down five weeks ago, as the nation spiraled into an economic and political crisis, facing its final debt showdown with European creditors. The market just concluded its first day of trading since the shutdown, and the outlook is grim: the market lost 16.2 percent of its value on the first day back in business.

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Putin Orders the Destruction of Embargoed Foodstuffs from the West

According to official data, the average cost of foodstuffs in Russia increased by 14.3 percent in the first half of this year, largely because of the embargo of Western products. In late June, Putin announced his decision to extend the embargo on perishable food products from the European Union for one year, in response to the extension of the sanctions taken by Brussels against Moscow for its role in the crisis in Ukraine.

Milos Bicanski/Getty Images)

Greek PM Tsipras Considers Early Elections, Struggles With Syriza Party Revolt

On Wednesday, Greek Prime Minister Alexis Tsipras floated the idea of calling for early elections in Greece to “bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors,” as Reuters put it. Such is the chaos of end-state socialism in Greece that Tsipras really needs his own party to lose in those early elections. The Syriza party is coming unglued over the austerity components of Greece’s latest bailout package.

Attila Volgyi/NURPHOTO/AFP

Hungarian Prime Minister Warns Mass Migration Threatens European Survival

The tidal wave of migrants fleeing the bloody chaos of the post-Obama Middle East has been hitting Mediterranean nations particularly hard. But Hungary has seen a sizable number of migrants from Syria and Afghanistan as well, experiencing what the Wall Street Journal describes as a doubling of last year’s total migrant population in just the first six months of 2015.