Thom Feeney, a 29-year-old London shoe shop worker, has raised almost a million dollars in an effort to help Greece pay off its debt to the International Monetary Fund (IMF). As of the time of this writing, Feeney had raised nearly $970,000 through an IndieGoGo campaign.
As Greece stands on the brink of economic collapse, we bring you the latest images from the crisis-hit country. Read more here.
As the Greek crisis comes to a head, German Finance Minister Wolfgang Schäuble has admitted for the first time that Greece may leave the euro “temporarily”. Speaking to Bild, the German minister said: “Greece is a member of the eurozone.
Contents: Greece heads for further chaos with referendum on Sunday; IMF report on Greece raising concerns about IMF’s credibility; China hunts for ‘stock manipulators’ as market crashes
Greece is on the brink of ruin as food and medicine run short and banks struggle to stay afloat. Banks claimed they had €1bn of cash left to see them through the weekend, just €90 per head, and need immediate
Police report that they have arrested double the number of illegal immigrants at Czech international airports as they did last year. Most of the aliens were arrested at Prague’s international airport, and a sizeable number of them arrived on planes from Turkey and Greece.
Illegal migrants trapped in Turkey and hoping to enter the European Union are invigorating that nation’s black market for life vests, useful in crossing the Aegean Sea into Greece. Manufacturers in Izmir, a popular interim destination for refugees, are warning, however, that many black-market life vests are poorly constructed and actually serve to pull the wearer deeper into the water, not keep them afloat.
Supporters of Greece’s bailout terms have taken a wafer-thin lead over the “No” vote backed by the leftist government, 48 hours before a referendum that may determine the country’s future in the euro zone, a poll showed. The opinion poll
A new opinion poll on Greece’s bailout referendum on Sunday pointed to a closely balanced result with a slight lead for the Yes vote in favor of the bailout on 44.8 percent against 43.4 percent for the No vote backed
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.
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
Athens (AFP) – Greece’s radical left government said Thursday it may resign if it fails to win a referendum that could decide the country’s financial future.
The Greek government said on Wednesday it had no plans to cut defence spending, appearing to contradict a letter sent by Prime Minister Alexis Tsipras to creditors a day earlier offering to “reduce the expenditure ceiling for military spending”.
Support for Spain’s radical leftist Podemos party is falling as the crisis in Greece deepens, latest polls suggest. Since it was founded last year, the party – whose name translates as “We Can” – has generated a huge amount of
Multiple factions within the Turkish government have expressed a willingness to help the Greek government repay its debts to the European Union, from a general statement by Turkish Prime Minister Ahmet Davutoglu that Turkey will do “whatever we can” to help Greece to the nation’s leftist party suggesting a massive loan to the Greek government in solidarity.
The Greek debt crisis shows that Russia must carefully think about how high its own state debt burden is, Finance Minister Anton Siluanov told reporters on Wednesday.
Contents: France reverses policy, will sell advanced defense weapons to Georgia; Greece joins Zimbabwe and Cuba in missing an IMF payment; Congress may enable bankruptcy courts for Puerto Rico; What were you doing last night at 23:59:60?
It has been a difficult week for Greece, whose as-of-yet insurmountable debt to the European Union and International Monetary Fund continues unpaid and with little hope of preventing a default.
Europe’s failure to solve the Greek debt crisis risks lasting damage to the post-war dream of “ever closer union” at a time when it faces new threats on its borders, analysts said. The chaos in Greece comes with European leaders
Boats from Italy, Spain, Ireland, and Britain rescued 2,900 migrants spread across 21 boats from Libya this weekend. This latest rescue means over 68,000 migrants arrived in Italy in the past six months.
Finally a sensible, practical solution to the intractable problems of Greece and the Eurozone. Well, sensible and practical by the standards of all the previous ones… An enterprising soul called Thom Feeney has ridden to the rescue of the Greek
As talks between Greek officials and members of the IMF and European Union approach their conclusion before a potential exit of the Hellenic nation from the eurozone, Chinese officials are suggesting they could play a role in helping Greece pay back its debts. The Greek crisis has negatively affected the Chinese economy, which has invested millions in Greece.
As Greece’s politicians work to agree on a deal with its European creditors that will keep it from default, and the Greek people struggle with newly-imposed capital controls and an increasingly dire economic situation, thousands of migrants from Syria, Afghanistan, and African countries continue to land on Greek shores, pressuring an already crippled economy.
The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU partners say will be a choice
This article originally appeared at Reuters: EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to
