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Tag: Greece

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Greek Meltdown Watch: Yanis Varoufakis Resigns as Finance Minister

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.

LOUISA GOULIAMAKI/AFP/Getty Images

Greece’s Conservatives Lose Leader to Anti-Europe Referendum Vote

Antonis Samaras, the head of Greece’s conservative New Democracy party, has resigned from leadership following the nation’s resounding rejection of Eurozone debt repayment terms in a referendum on Sunday. Samaras will be remembered most for being the only prime minister in the last decade to accept austerity measures and attempt to curb Greece’s spending during the current crisis.

'NO' protester supporter holds a banner as they gather in front of the parliament building in Athens on July 3, 2015.

Bankrupt Greece ‘Preparing IOU Currency’

In a further sign its days in the euro may be numbered, the Greek government is considering introducing an “IOU currency” to boost liquidity while banks remain closed. In the wake of last night’s decisive “No” vote, top Syriza officials

Greek Finance Minister Yanis Varoufakis leaves a polling booth after casting his ballot at a polling station in Athens

GREECE LATEST: Finance Minister Quits

Greece’s outspoken finance minister resigned on Monday, removing a major obstacle to any last-minute deal to keep Athens in the euro zone after Greeks voted resoundingly to reject the austerity terms of a bailout. Yanis Varoufakis, a self-proclaimed “erratic Marxist”

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Greek Pop Star Defies Leftist Government, Urges ‘Yes’ Vote on EU Referendum

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.

CREDIT: REUTERS/FRANCOIS LENOIR

FARAGE TO GREECE: Call Europe’s Bluff

The UK Independence Party leader Nigel Farage has issued a call for the Greek people to call the European Union’s bluff and “vote no” in the referendum scheduled for tomorrow.  Polls will open in Greece at 7am on Sunday, with