ATHENS, Greece (AP) — The latest news on Greece’s financial woes on a day a big repayment to the International Monetary Fund is due and the country’s bailout program with European creditors ends (all times local): 12.32 p.m. The Kremlin
A crowd of assorted far-left activists gathered in London’s Trafalgar Square last night to rally in “solidarity” with the Greek government. Speaking at the rally were many of the usual suspects including Labour leadership contender Jeremy Corbyn, Green MP Caroline
Contents: Greece’s chaos continues as banks are closed; Turkey considers invasion of Syria to prevent a Kurdish state; Jordan makes plans for Syria invasion to protect its northern border
Syrians are the key actors in the human trafficking organizations that illegally smuggle migrants across the Aegean Sea, from Turkey into the European Union (EU), reports Hurriyet Daily News.
Greek Prime Minister Alexis Tsipras has forced all banks in the country to shut down and limit the amount of money Greeks can withdraw from ATMs. This is in anticipation of a July 5 referendum on whether Greece should accept economic reforms in exchange for a shot at not defaulting on its $271 billion debt to the European Union and the IMF.
EU chief executive Jean-Claude Juncker urged Greeks on Monday to back a cash-for-reform package rejected by their government, saying a ‘no’ vote in Sunday’s referendum would mean Greece was turning its back on the European Union. Following a breakdown of
The climate alarmists, generally the same people who dis the church and its position on abortion, the origin of life on earth, and the definition of marriage, appear practically giddy over Pope Francis’ recently released climate encyclical. Even Al Gore, who admits he was “raised in the Southern Baptist tradition,” has declared he “could become a Catholic because of this pope.”
Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors pushed the austerity-battered country to the brink. After receiving no extra
Greece’s banks will be closed indefinitely, starting on Monday, after the European Central Bank (ECB) announced that it will end liquidity funding that was being used to prevent a Greek banking collapse.
The Greek prime minister’s surprise call for a July 5 referendum for voters to decide whether or not to accept the terms of a bailout deal offered by international creditors prompted the eurozone to reject Greece’s pleas to extend the expiring bailout, various news outlets report.
This morning’s key headlines from GenerationalDynamics.com Furious Eurogroup members plan Greece’s default after Tsipras ends bailout negotiations Greece’s chaos may begin as early as Monday Tunisia will close 80 mosques that are ‘spreading venom’ Furious Eurogroup members plan Greece’s default
UPDATE: European Central Bank confirms it will maintain emergency liquidity assistance to Greek banks. – The most dramatic day yet in Greece’s months long economic crisis saw a run on banks and the confirmation of next Sunday’s referendum on a bailout deal.
The Eurozone rejected Greece’s request for one-month bailout extension only a day after the bankrupt country turned down an extension offer from their creditors. “It looks like we are heading for Grexit,” exclaimed one person who participated in the meetings.
Greeks will be given the chance to vote on whether or not their country should continue to heed strict financial demands made by foreign banks and unelected bureaucrats in Brussels. The question to be put before voters is whether or
Contents: Pakistan gives ‘Save the Children’ a partial reprieve; Turkey denies responsibility for ISIS massacre on Kurds in Kobani; European leaders prepare for Greece to default
Researchers at the University of Thessaly discovered that Greece experienced a 35% spike in suicide rates during 2010 and 2012, with unemployment and the expanding debt crisis in large part responsible for the rise.
Greece’s international creditors will put their own final proposal for a cash-for-reform deal to avert a Greek default to euro zone finance ministers for approval on Thursday after Athens let a deadline pass, euro zone officials said. “If Greece says
Thousands of Greeks rallied in Athens’ Syntagma Square on Monday demanding their government find a solution to their debt crisis that would allow Greece to remain in the Euro. The protest highlights the persistent demand from the Greek people that they remain within the Eurozone, even as Prime Minister Alexis Tsipras’ negotiation tactics put that reality in jeopardy.
The trouble with Greece is… OK, where to start. Public sector debt? Unemployment levels? Its trade imbalance? A succession of inept quasi-socialist governments? Any or all would be a good place to begin but the underlying problem is that tax
Contents: Report: Greece’s debt crisis being kicked down the road; Afghan Taliban strikes Afghan parliament in Kabul; Afghan Taliban close to seizing the city of Kunduz
Brussels (AFP) – Greece and its creditors were working to seal a bailout deal with exactly one week to go Tuesday before Athens is due to repay the IMF around 1.5 billion euros or face default and a possible exit
European Commission head Jean-Claude Juncker warned on Monday that a deal with Greece to unlock vital cash and save Athens from default was “not yet there”, just hours before a crunch debt crisis summit. “Progress was made over the past
Contents: China’s bubble stock market plunges 13% in one week; Wall Street stock market bubble continues its surge; Tick-tock tick-tock, Greece’s clock is running down
Greece would consider a Russian financial lifeline as it looks to find a way out of its crushing debt burden to the European Union (EU). Greek Prime Minister Alexis Tsipras made the coded threat Friday as he shared a platform
Contents: Fistfight breaks out at Yemen peace talks in Geneva; Report: Iran’s Supreme Leader has fired Qassam Soleimani in Syria; Emergency Eurogroup summit called for Monday to deal with likely Greece default
