Conservative Party Brexiteer Andrew Bridgen has warned that it is pointless trying to “outspend the Marxists in the Labour Party”, evoking the lesson from the Greek debt crisis that “democracy ends” when your creditors own you.
ATHENS, Greece (AP) — An anti-austerity rally in Greece’s capital turned violent Wednesday as a general strike halted flights, ferries and public transportation, and thousands joined protest marches across the country. A small group of protesters threw gasoline bombs and
ATHENS, Greece (AP) — Greece’s government has called on Germany to drop what it described as “irrational” budget demands in the country’s bailout program, a day after Greece and its European creditors agreed to resume talks on new reforms.
ATHENS, Greece (AP) — The European Union’s financial affairs chief is in Greece for talks on the bailout-dependent country’s slow-moving negotiations with its international creditors.
Thousands of protesters took to the streets of Athens on Sunday as Greece’s parliament prepared to vote on a controversial tax and pensions overhaul which has sparked mass opposition. Police said almost 15,000 people turned out to march in Athens
Greece on Saturday demanded “explanations” from the International Monetary Fund after Wikileaks said the lender sought a crisis “event” to push the indebted nation into concluding talks over its reforms. IMF officials, in an internal discussion, allegedly voiced exasperation with
The EU-Turkey migrant deal could cost bankrupt Greece a staggering €4 billion this year alone — two per cent of their gross domestic product (GDP) — at a critical point in their financial bail out, HSBC has warned. The estimated €4 billion
(Reuters) – The cost of managing the migrant crisis in Greece will exceed a previous estimate of 600 million euros (465.74 million pound) as more and more refugees are forced to remain in the country, Bank of Greece Governor Yannis
(AFP) – Eurozone finance ministers met Monday to defuse a bitter rift between top EU and IMF officials over how strictly to hold Greece to the ambitious reform commitments made as part of its bailout. The eurozone 19 ministers are
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
Greek unions are holding their second general strike in less than a month Thursday, this time against a planned social security overhaul that could enforce new pension cuts. The labour ministry is working on a new system under which state-guaranteed
Far-left Greek party Syriza had much to celebrate on Sunday, as Prime Minister Alexis Tsipras stormed to a more-comfortable-than-predicted reelection victory. Leftists were not the only ones celebrating, however, as neo-Nazi party Golden Dawn saw its best election results yet, coming in third place.
As Greece braces for parliamentary elections on September 20, ruling Radical Left party Syriza finds itself slipping in the polls and possibly handing the nation back to the center-right, chasing an ever-elusive youth vote.
From Reuters: Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a mandate to complete the country’s political transformation, as a poll showed his leftist Syriza party’s lead slipping ahead of elections next month. Tsipras abruptly resigned
As Greeks prepare for the beginning of the school year in September, there are serious concerns among Ministry of Education officials that as many as 27,000 teacher and university professor positions will remain unfilled. Officials are scrambling to recruit substitute teachers with fewer certifications to fill classrooms.
The criminal investigation into former Greek Finance Minister Yanis Varoufakis will involve a cyber-crime law enforcement unit, as Greek officials seek to uncover whether Varoufakis’ “Plan B,” an emergency plan that would have required the government to hack into private taxpayer accounts and switch from the euro to the drachma currency.
A Swiss politician has called for the nation to take advantage of the Greek crisis to establish a Swiss empire overseas by taking an island in return for the money Athens owes. The unusual suggestion was made by Pierre Rusconi, a member of parliament
Police faced massive riots in Greece on Wednesday night as Parliament accepted the terms of a debt deal significantly more stringent than that rejected via referendum on July 5. Mass arrests of nationals from Australia, Ukraine, France, and Italy– but not Greece– occurred.
The Greek parliament voted last night to accept tough new austerity measures, despite the people rejecting similar measures in a referendum just over a week ago. Angry protesters took to the streets to denounce the move, which they saw as
Following a referendum in which the Greek people largely rejected a debt deal with the EU and IMF requiring further austerity measures, Greek Prime Minister Alexis Tsipras has been cornered into selling the Greek Parliament an agreement even stricter than the one the referendum rejected. In doing so, he faces the herculean challenge of proving his new demand is not a complete about-face for him or his leftist party.
Anyone who has ever witnessed the terminal struggles of insects in a killing bottle will recognise the nature of the paroxysms contorting the EU “leaders” today. The Greek pantomime is beyond parody. It is a shadow-boxing contest between two factions of the
A Bloomberg reporter, presumably in Athens to cover the developing Greek debt crisis, received quite a surprise with the bill: a charge in the Greek drachma, a long-defunct currency looming its head as the possibility of Greece leaving the euro behind grows with every day its government fails to make a debt payment to Europe.
Tourists planning a luxury getaway to the Greek isles are being increasingly hesitant to keep their bookings, thanks to both an economic crisis plaguing the nation’s banks and the Greek government’s inability to process thousands of illegal migrants sailing into island ports from Turkey. In order to keep revenue up, companies are offering steep discounts and encouraging tourists not to cancel trips.
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.
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.
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.
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”.
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.
So, farewell then Greece. The land of early retirement, lavish state pensions, tax evasion, official corruption and perpetual socialist indulgence – all of it underwritten by other people’s money – has become the first western country to default on an IMF loan. Incredibly
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.
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.
Labour MP Diane Abbott has been widely mocked on social media for tweeting her support for an “emergency letter of solidarity” calling for Greece’s debt to be cancelled. Abbott, the MP for Hackney North and Stoke Newingon (who is also hoping
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.
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.
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
The Greek farce continues its record-breaking run. After 43 last ditches, 28 eleventh hours and 17 late-night drinking sessions in the Last Chance Saloon, the comedians in Brussels and Athens are rehearsing their latest routine. The joke, of course, is
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
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
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.
