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
