Tag: Syriza


Political Chaos in Spain after Far-Left Surges in Election

Spain is facing political chaos after yesterday’s election produced no clear winner and saw a surge in support for the far-left. The governing conservative People’s Party of Prime Minister Mariano Rajoy remains the largest party but fell well short of

Alexis Tsipras

Greek Prime Minister Alexis Tsipras Resigns

In a televised address to his people, he said he had a moral duty to resign, because he was elected (just over half a year ago!) as a staunch opponent of the austerity measures he now believes it necessary to impose, in order to keep Greece in the Euro and secure its future.

Alexis Tsipras

Alexis Tsipras to Step Down As Greek PM, Call Snap Elections

Greek Prime Minister Alexis Tsipras of the socialist Syriza party will reportedly step down and call for snap elections on September 20, rocking his already crisis-riddled nation with fresh wave of political turmoil. A formal announcement of his resignation is expected Thursday afternoon, along with a televised address to the Greek people.


No Podemos: Spanish Radical Leftists in Complete Poll Collapse

The radical leftist party Podemos (“We Can”) that took Spain by storm last year is suffering major poll losses leading into Spain’s parliamentary elections in November, a new government poll shows, as Spanish observers grow wary of socialism following the decline of the Greek economy.

Milos Bicanski/Getty Images)

Greek PM Tsipras Considers Early Elections, Struggles With Syriza Party Revolt

On Wednesday, Greek Prime Minister Alexis Tsipras floated the idea of calling for early elections in Greece to “bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors,” as Reuters put it. Such is the chaos of end-state socialism in Greece that Tsipras really needs his own party to lose in those early elections. The Syriza party is coming unglued over the austerity components of Greece’s latest bailout package.

Reuters / Alkis Konstantinidis

Greek Parliament Approves Bailout as Socialist Syriza Party Comes Unglued

There was speculation Wednesday that the International Monetary Fund’s disapproval of the European Union bailout package for Greece would stiffen resistance in the Greek Parliament against it, but in the end, they voted in agreement with what Reuters describes as “sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro.”

Milos Bicanski/Getty Images)

‘I Did Not Lie’: Tsipras on the Ropes Championing New, More Austere Debt Deal

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.

Greek Bailout: Everybody Capitulated to Everyone Else

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.


Greece’s Conservatives Lose Leader to Anti-Europe Referendum Vote

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.

Greek Pop Star Defies Leftist Government, Urges ‘Yes’ Vote on EU Referendum

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.

Greece Shuts Banks, Imposes Capital Controls as Euro Referendum Nears

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.

Greece Update: Run On Banks Risks Leaving Them Cashless

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.

Greece Debates Bill Granting 100,000 Citizenships

Greece is currently considering a measure that would grant citizenship to second-generation immigrants, defined as children born in Greece to parents who have lived there legally for at least five years, with an added requirement that applicants must be properly enrolled in a primary school.

Euro Architect Says Greece Should Quit Currency

Former French President Valery Giscard d’Estaing has said that Greece should leave the euro so it can devalue its currency and increase its economic competitiveness. Giscard, who notably presided over the Convention on the Future of the European Union that