
HELSINKI (Reuters) – Finland’s parliament will debate next year whether to quit the euro, a senior parliamentary official said on Monday, in a move unlikely to end membership of the single currency but which highlights Finns’ dissatisfaction with their country’s
by Reuters17 Nov 2015, 4:14 AM PST0

The vitality and success of the City of London is not because of Britain’s European Union (EU) membership, but in spite of it. As the EU referendum date draws closer, passionate arguments on both sides will soon be overtaken by
by Chris Muspratt11 Nov 2015, 2:05 AM PST0

The newly elected conservative government of Portugal is at risk of being toppled just 11 days after taking office. The President has warned that, were that to happen, Portugal will be “uncontrollable”. Portugal shows striking signs of following Greece down the
by Donna Rachel Edmunds31 Oct 2015, 8:59 AM PST0

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.
by John Hayward20 Aug 2015, 9:11 AM PST0

HELSINKI (Reuters) – Greece will be a headache for the euro zone for decades, Finland’s eurosceptic foreign minister said, and called for the International Monetary Fund to participate in the Greece’s new bailout package. “Unfortunately, this problem will be in
by Reuters18 Aug 2015, 5:59 AM PST0

Contents: Wave of violent terrorist attacks strike across Turkey; Vladimir Putin increasingly trapped as Russia’s GDP plunges 4.6%; Europe’s bond yields go negative
by John J. Xenakis11 Aug 2015, 4:00 AM PST0

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.
by John Hayward5 Aug 2015, 6:41 PM PST0

From Der Spiegel: After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor
by Breitbart London2 Aug 2015, 2:26 AM PST0

No scene of political turmoil is complete until somebody gets investigated by prosecutors. Such is the fate of former Greek finance minister Yanis Varoufakis, who has become a darling of the anti-austerity, hardcore left ever since he departed his office on the eve of the 11th-hour bailout deal.
by John Hayward30 Jul 2015, 7:58 PM PST0

While Eurozone leaders scramble to find a new bailout deal for Greece to put off the country’s inevitable exit from the euro for another few months, they may find two new crises about to hit them. Spain and Portugal, two
by Nick Hallett22 Jul 2015, 1:22 AM PST0

Nigel Farage has slammed socialist French President Francois Hollande’s “desperate” bid for the revival of old plans for a ‘eurozone government’ as part of a plan to renew faith in the European project. Calling for further integration between member states as a
by Sarkis Zeronian20 Jul 2015, 4:33 AM PST0

Despite endless promises to the contrary, British money will be used to help rescue Greece in a bid to keep the Euro currency alive. Almost £850 million of British taxpayers’ money is to be handed over after Brussels decided that a
by Donna Rachel Edmunds17 Jul 2015, 7:09 AM PST0

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.”
by John Hayward16 Jul 2015, 11:54 AM PST0

In the early hours of this morning Greece’s parliament passed the austerity measures demanded by its creditors in order to open talks on a new Greek bailout. Prime Minister Alexis Tsipras, deserted by many in his own Syriza party who believe the
by Sarkis Zeronian16 Jul 2015, 5:08 AM PST0

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.
by John Hayward15 Jul 2015, 8:53 PM PST0

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.
by John Hayward13 Jul 2015, 9:20 PM PST0

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
by John J. Xenakis13 Jul 2015, 4:00 AM PST0

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.
by John Hayward10 Jul 2015, 6:51 PM PST0

A Bloomberg reporter, presumably in Athens to cover the developing Greek debt crisis, received quite a surprise with the bill: a charge in the Greek drachma, a long-defunct currency looming its head as the possibility of Greece leaving the euro behind grows with every day its government fails to make a debt payment to Europe.
by Frances Martel10 Jul 2015, 9:06 AM PST0

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.
by John Hayward9 Jul 2015, 7:08 PM PST0

Vladimir Putin is reportedly reaching out to Greek leaders to try to affect the outcome of the recent crisis. On Sunday, Greek voters once again defied European leaders and voted against approving new austerity measures.
by Michael Lucchese6 Jul 2015, 9:52 PM PST0

As Greece breaks apart on the rocky shores of the European Union, the man who did so much to run his nation’s finances aground has decided to call it quits. The New York Times sees the sudden resignation of “combative” Finance Minister Yanis Varoufakis as a gesture of “conciliation” between the socialist Syriza government and a thoroughly fed-up European Union, but it might be premature to talk about Greece making peace with its creditors.
by John Hayward6 Jul 2015, 11:55 AM PST0

As the ruling Coalition of the Radical Left (Syriza) vocally demands the Greek people vote “no” on a referendum regarding European Union debt repayment terms on Sunday, an unlikely voice has emerged representing the opposition “yes” vote, interpreted as a vote in favor of keeping the Euro as currency and remaining in the Euro: electro-pop megastar Sakis Rouvas.
by Frances Martel4 Jul 2015, 4:34 PM PST0

In the wake of the growing financial crisis, thousands of Greek nationals are fleeing their homeland. Tens of thousands have ended up in Australia. It is the largest wave of migration from Greece to Australia since hundreds of thousands fled the march of fascism in World War II.
by Michael Lucchese2 Jul 2015, 9:10 PM PST0

Greek Finance Minister, Yanis Varoufakis, earlier told Bloomberg TV “I prefer to cut my arm off” than sign up to a proposal that didn’t include restructuring his country’s debt. As luck would have it the International Monetary Fund (IMF) looks like it sympathises
by Sarkis Zeronian2 Jul 2015, 11:20 AM PST0