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.
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.
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
Greek Prime Minister Alexis Tsipras has forced all banks in the country to shut down and limit the amount of money Greeks can withdraw from ATMs. This is in anticipation of a July 5 referendum on whether Greece should accept economic reforms in exchange for a shot at not defaulting on its $271 billion debt to the European Union and the IMF.
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 economic crisis in Greece is playing out with political and economic ramifications that are causing, and will continue to cause, damage across Europe.
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
The leftist Greek government’s debt re-negotiation strategy was aimed at stretching the crisis out and making the risk from a messy “Gr-exit” so big that the European Union would grant huge concessions to avoid a Greek collapse that would topple falling
Greece makes one debt payment, wonders if it can make the next; Europeans reject more bailout money for Greece, for now; Jean-Claude Jüncker warns of Anglo-Saxon threat to eurozone
Days after being pulled back from leading the Greek diplomatic team in talks with the European Union regarding the nation’s astronomical debt, Greek Finance Minister Yanis Varoufakis and his wife, Danae Stratou, were the victims of an anarchist mob attack while dining out.
The populists are screening a modern Greek Tragedy wherein the noble Greek people are forced to suffer deprivations in return for the villainous German-controlled creditors pretend to loan Greece money that mostly repay existing EU loans used to buy German imports. But with Greece on the brink of running out of cash, and Greece’s creditors running out of patience, a compromise may be coming together to avoid an overt ‘Grexit’ by allowing for a devalued “Greek euro.”
Bookmaker William Hill has stopped taking bets on whether Greece will exit the Euro during 2015, saying the country could “begin the process of departing very shortly”. But experts have said that a Grexit could be disastrous for the bloc,
The European Central Bank president has called for further integration in the Eurozone, claiming it would lead to greater democracy and accountability. Mario Draghi made the comment at an event in Frankfurt ahead of the grand opening of the bank,
A leading think tank has released a report on the opportunities Britain will have if it votes to leave the European Union. The Institute of Economic Affairs has published the document detailing four different choices following independence, now that “Brexit”
Greece will leave the Euro and the rest of the EU has to work out how to minimise the impact on financial markets, says Ken Clarke. The pro-European former Chancellor of the Exchequer made the claim on the BBC Sunday
A survey has found that 48 per cent of Germans are in favour of Greece leaving the eurozone, compared to only 29 per cent who want them to remain in the currency union. With Greece’s current bailout programme scheduled to
German Politicians have issued a stark warning to Greece’s new government that the economic reforms imposed by the EU must continue, the International Business Times reports. Alexis Tsipras’s Syriza secured victory in the Greek elections on Sunday and have formed
