LONDON, United Kingdom – EU chiefs are so ideologically committed to the euro that they may not let Greece leave the currency even if it defaults on its debts, Germany’s leading Eurosceptic has said. Speaking to a meeting of the
Contents: China says it’s finished building artificial islands in South China Sea; China tests hypersonic missile designed to defeat American missile defenses; Greece’s bitter PM Tsipras hurls ultimatums and insults at IMF
The British government is accelerating its preparations for a possible Greek exit from the euro zone, a spokeswoman for Prime Minister David Cameron said on Wednesday, after the Greek central bank warned of the consequences of such a scenario. “You can
The Greek government is running out of time, money and broad support as a new poll shows a clear majority of Germans want Greece to leave the European Union (EU). Polling company YouGov revealed Wednesday that 58 per cent of
Greece remains defiant in the face of a possible “Grexit” from the European Union (EU), with Athens and its creditors attempting to avoid both defaulting and leaving the currency alliance, which Germany’s EU commissioner has referred to as a scenario that could create a “state of emergency,” Reuters reports.
Greece insisted Monday it is ready to return to bailout talks “at any moment” after a breakdown in negotiations with creditors pushed the country closer toward bankruptcy and jolted international markets. As concern over Greece’s financial future swelled across financial
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The long standoff between intransigent Greek socialists and their increasingly exasperated creditors appears to be reaching an end, judging by the commentary after an International Monetary Fund meeting this week. It sounds as if the Greeks are running out of cards to play.
Individuals associated with the All Workers Militant Front (PAME), a communist trade union, stormed the Greek Foreign Ministry on Thursday, demanding the far-left government of Prime Minister Alexis Tsipras not agree to any austerity reforms with the European Union, reforms demanded by both the EU and creditors to help Greece avoid a debt default.
Turkey is temporarily closing at least one of its borders to Syrian refugees after accepting 1.8 million Syrian nationals fleeing the ongoing civil war there. Turkey’s deputy prime minister stated the decision was based on the fact that “there is no longer a humanitarian tragedy” on the other side of the border, though a change in that status would once again open the border.
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Greece is currently considering a measure that would grant citizenship to second-generation immigrants, defined as children born in Greece to parents who have lived there legally for at least five years, with an added requirement that applicants must be properly enrolled in a primary school.
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With tens of thousands of migrants braving the Mediterranean and Aegean Seas for a change to live in Europe, a report from Greek newspaper Ta Nea puts the dramatic situation in perspective: 407 migrants landed in Greece, mostly traveling illegally from Turkey, in the past 24 hours.
The Group of Seven (G7) kicked off its annual summit this week with the situations in Ukraine and Greece on top of the agenda. President Barack Obama and German Chancellor Angela Merkel met privately on Sunday to hammer out details about the two countries.
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Heavily indebted Greece has played the latest hand in the game of euro one-upmanship by refusing to honour the latest instalment in its debt repayment plans to the IMF. The €300m (£218m) owed to the International Monetary Fund (IMF) is due
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An admission that Dutch taxpayers are unlikely to ever see the €12 billion they have lent to Greece returned has sparked a backlash against continued bailouts in the Netherlands. Kees Vendrik, chairman of the Dutch court of audit has provoked
As thousands of illegal immigrants, mostly from Africa, continue to arrive to Italian shores, tensions are mounting over what to do with them once they arrive.
Contents: Greece’s game of Chicken no closer to resolution; Greece’s Alexis Tsipras faces a government mutiny from the far left
After late-night talks in Berlin with global leaders, Greek Prime Minister Alexis Tsipras says that Greece has reached a “realistic” solution to the debt crisis ahead of Friday’s impending deadline.
The city of Calais, France has been labeled a “war zone” for more than a year now, as violence between competing factions of African migrant smugglers threatens to engulf the city and its economy. As the EU demands France take in 9,000 more migrants, officials doubt the country could keep the peace in that scenario.
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Greek Prime Minister Alexis Tsipras hopes to get the final details of a bailout deal with the European Union worked out by Sunday, but he has faced increased criticism from the hard left in Greece for negotiating at all.
