
ATHENS (AFP) – Greece’s prime minister on Sunday said his government will not give in to “unreasonable” demands as the debt-ridden country braces for critical negotiations with international creditors on the thorny issue of pension reform. The warning came just days
by AFP3 Jan 2016, 6:37 AM PST0

IMF funds are no longer necessary for an international bailout of Greece due to reduced loan requirements and the Washington-based lender’s “unconstructive” position, the country’s prime minister argued Monday. “I have the impression that IMF funding is not necessary” for
by AFP8 Dec 2015, 1:40 AM PST0

Former Greek Prime Minister Alexis Tsipras played down fears on Sunday that a snap election in two weeks would produce a fractured result, saying there were enough undecided voters to produce a clear winner on the day. Tsipras resigned last
by Reuters6 Sep 2015, 2:34 AM PST0

The left-wing Syriza party says Yanis Varoufakis and others who voted against Greece’s latest bailout package will not be allowed to run for parliament under the Syriza banner in the upcoming snap election. For his part, Varoufakis said he would stand
by Sarkis Zeronian28 Aug 2015, 7:32 AM PST0

Between 2010 and 2015 Germany profited from the ongoing Greek debt crisis to the sum of €100 billion, according to a new study. The billions consists of money saved by lower interest payments on funds the German government borrowed amid investor “flights
by Sarkis Zeronian11 Aug 2015, 8:01 AM PST0

ATHENS/GENEVA, Aug 7 (Reuters) – Greece’s infrastructure cannot handle the thousands of people landing on its shores from places like war-torn Syria and Afghanistan and needs European Union help, Prime Minister Alexis Tsipras said on Friday. “Now is the time
by Reuters7 Aug 2015, 8:54 AM PST0

NAXOS, Greece (Reuters) – A jovial potato farmer whose family has tilled the fertile land on the island of Naxos for over 200 years, Stelios Vathrokilis is unfazed by all that he believes a farmer must inevitably face: God, inclement
by Reuters7 Aug 2015, 4:22 AM PST0

BRUSSELS, Belgium (Reuters) – Talks with Greece on a third bailout are moving ahead in a satisfactory way and reaching an agreement is possible before August 20, the European Commission said on Thursday. The Commission comments were in response to
by Reuters6 Aug 2015, 4:51 AM PST0

ATHENS, Aug 3 (Reuters) – Greece’s stock market plunged nearly 23 percent on Monday when it opened after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock
by Reuters3 Aug 2015, 1:51 AM 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

Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday
by Reuters2 Aug 2015, 2:07 AM PST0

LAMIA, Greece (Reuters) – Wild boar and power cuts were Greek cotton farmer Mimis Tsakanikas’ biggest worries until a bank shutdown last month left him stranded without cash to pay suppliers, and his customers without money to pay him. Squeezed on
by Reuters30 Jul 2015, 2:42 AM PST0

ATHENS, July 29 (Reuters) – Greek Prime Minister Alexis Tsipras said on Wednesday he may have to call an early election to bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors. About three dozen of his
by Reuters29 Jul 2015, 5:55 AM PST0

From Reuters: Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe. Rehabilitating the country’s banks poses a difficult question. Should the euro zone
by Breitbart London26 Jul 2015, 1:31 AM PST0

The prominent Italian economist and former government minister, Paolo Savona, has said that Italy “must have a plan B” to exit the euro. He added that the Greek bailout deal was “badly constructed” and warned packages like it, designed to exert economic control
by Sarkis Zeronian20 Jul 2015, 11:47 AM PST0

BERLIN, July 17 (Reuters) – German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was
by Reuters17 Jul 2015, 9:16 AM PST0

Today the Greek bailout plan comes before the German parliament (the Bundestag), the latest approval hurdle for the third bailout package which nobody believes will work. Ratification of the €86 million rescue deal is expected, notwithstanding yesterday’s comments from Germany’s Federal Finance Minister Wolfgang
by Sarkis Zeronian17 Jul 2015, 4:12 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

A leaked IMF study of the Greek debt crisis, ignored by creditors at the weekend, warns Greece may need a 30 year moratorium to pay off European debt, including new loans, and a dramatic extension on the maturity of its debts. The
by Sarkis Zeronian15 Jul 2015, 6:02 AM PST0

Britain could face a bill of up to £850m for latest Greek bailout as European leaders desperately search for money for the heavily indebted nation. Although Britain is signed up to an emergency EU fund, Prime Minister David Cameron believes
by Nick Hallett14 Jul 2015, 6:47 AM PST0

Greek Prime Minister Alexis Tsipras has flown home after an epic 17-hour crisis meeting with Eurozone leaders to sell the austerity package he has agreed to his own party – who may attempt to block it. Tsipras must push several unpalatable measures
by Oliver Lane13 Jul 2015, 9:43 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

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

China is teetering on the edge of a 1929-style stock market meltdown, and Greece might be about to exit the Euro. China is worried about what the Grexit, or an even larger collapse of the Euro, might do to its house-of-cards stock market. Everybody else is worried about what a Chinese collapse could do to their markets, especially since Western socialists have sold so much of their own nations to China over the years.
by John Hayward9 Jul 2015, 5:58 PM PST0

“The European Project is begging to die” and a “new Berlin Wall…called the euro” is dividing the continent Nigel Farage told the European Parliament this morning. He was speaking directly after Greek Prime Minister Alexis Tsipras, whom he praised as “very brave”
by Liam Deacon8 Jul 2015, 3:55 AM PST0